CDIB Capital Invests In Leading Cosmetic ODM/OEM Company in South KoreaHong Kong, July 19, 2018
Hong Kong, July 19, 2018 – CDIB Capital is pleased to announce that it has closed on an investment in E.CIS Cosmetic Co., Ltd. (“ECIS”), a Korean cosmetic ODM/OEM manufacturer, specializing in the production of premium facial masks and other skin and hair care products.
Founded in 2007, ECIS is a leading ODM/OEM cosmetic manufacturer with core competencies in the development and production of premium skincare products, specializing in premium facial masks. With full in-house R&D capabilities and large-volume automated production capacity, ECIS is a leading supplier to its brand partners and stands to benefit from the rising popularity of South Korean skincare brands and increased demand for fast “K-Beauty” products in Asia and globally.
“We are delighted to have partnered with CDIB Capital,” said Tae-seok Ha, Founder and CEO of ECIS, “CDIB Capital, having in-depth knowledge and understanding of the domestic and international cosmetic industry, will provide strategic value-add to the company and support our expansion plans.”
H.Y. Kim, Managing Director at CDIB Capital said, “We have spent a considerable amount of time exploring the entire cosmetic value chain and identified ECIS as a leading ODM/OEM manufacturer. We are impressed with the strength of the management team and the growth achieved in recent years. With increasing popularity of fast Korean skincare and cosmetics, ECIS is expected to be a primary beneficiary of the growing demand for ‘Made-in-Korea’ products.”
Lionel de Saint-Exupéry, Chairman and CEO of CDIB Capital, added “We are excited to be investing in ECIS, on the back of our recent investment in L&P Cosmetic (‘Mediheal’), the top South Korean facial mask brand. We have witnessed the phenomenal growth of cosmetic contract manufacturers in South Korea driven by their strong value propositions, including product innovation abilities and short time-to-market. ECIS is uniquely positioned to capture both Asian demand, especially in China, and an expanding international client base.”
About CDIB Capital
CDIB Capital is a leading Asian private equity investor focused on middle market growth capital transactions. We invest in compelling growth-oriented companies in consumer/retail, value added manufacturing, and new services, seeking to capitalize on cross market opportunities in the Asia-Pacific region. We are an affiliate of China Development Financial (“CDF”), one of the largest and most established merchant banking groups in Greater China with over US$80 billion in assets.
CDIB Capital is headquartered in Hong Kong and has offices in Shanghai, Taiwan, Seoul and New York. For more information, please visit our website at www.cdibcapital.com.