# TPG to fully acquire cosmetics container maker Samhwa for about $237 million

According to banking sources reported by KED Global, US private equity firm TPG agreed to buy a 100% stake in South Korean cosmetic packaging supplier Samhwa at a price in the mid-300 billion won range, about $236.9 million, with CEO Cho Seong-hwan buying a minority stake back.

- Type: Acquisition
- Announced: 2023-07-14
- Where: South Korea
- Value: $236.9M
- Status: rumored
- Products: cosmetic product containers, plastic molded packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [TPG](https://endata.com/companies/10791.md) (acquirer)
- [Samhwa](https://endata.com/companies/10792.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/beauty-cosmetics/newsView/ked202307140022), 2023-07-14: "TPG has agreed to buy a 100% stake in Samhwa and controlling shares in some major affiliates."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.