VIG Partners Acquires The Skin Factory (Kundal)
November 20, 2023
Seoul-based private equity firm VIG Partners acquired a 100% stake in The Skin Factory, the maker of the Kundal personal-care brand, in May 2021 for roughly 150–200 billion won. VIG plans to accelerate product-line expansion and overseas growth (especially in Southeast Asia); Kundal has rapidly scaled online and recorded roughly 120–130 billion won in sales around 2020–2022.
- Buyers
- VIG Partners
- Targets
- The Skin Factory (Kundal)
- Industry
- Consumer Products
- Location
- Seoul, South Korea
- Transaction Type
- Buyout
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