We advised TPG on the transaction

Davis Polk advised TPG on the sale of Samhwa, a South Korean cosmetics packaging company, to KKR, a leading global investment firm, in a transaction valued at KRW733 billion (approximately $528 million).

Davis Polk previously advised TPG on its acquisition of Samhwa in 2023.

TPG is a leading global alternative asset management firm. Founded in San Francisco in 1992, it has $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate and market solutions.

Samhwa is a leading cosmetics packaging manufacturer in Korea. Established in 1977 with its roots in mold manufacturing, Samhwa has been at the forefront of supplying innovative, high-quality cosmetic packing solutions for Korean and global beauty brands. It is renowned for its air-tight cushion and airless pump products, serving some of the most prestigious global luxury cosmetic brands.

The Davis Polk corporate team included partner Miranda So, counsel Samuel Kang and registered foreign lawyer Yong Lee. All members of the Davis Polk team are based in the Hong Kong office.

Copy link to share post