Company News, Financial News

TPG To Purchase Packaging Supplier Samhwa

The deal, valued at approximately $230 million, marks TPG's first investment in a Korean firm since 2020.

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By: TOM BRANNA

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Texas-based private equity firm TPG Inc. is poised to fully acquire Samhwa Co., a South Korean cosmetic packaging supplier to global beauty companies like L'Oréal S.A., the Estée Lauder Companies Inc. and Chanel, according to sources. TPG has agreed to buy a 100% stake in Samhwa and controlling shares in some major affiliates, held by Chief Executive Cho Seong-hwan, Cho’s father and Samhwa founder Cho Hwi-cheol and affiliated persons. The deal, which is valued in the mid-$230 million ...

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