M&A Deal Summary

KKR Acquires Samhwa

On September 4, 2025, private equity firm KKR acquired packaging company Samhwa from TPG for 528M USD

Acquisition Highlights
  • This is KKR’s 5th transaction in the Packaging sector.
  • This is KKR’s 95th largest (disclosed) transaction.
  • This is KKR’s 7th transaction in South Korea.

M&A Deal Summary

Date 2025-09-04
Target Samhwa
Sector Packaging
Buyer(s) KKR
Sellers(s) TPG
Deal Type Secondary Buyout
Deal Value 528M USD

Target

Samhwa

Gyeonggi-do, South Korea
Samhwa is a cosmetic packaging supplier, providing comprehensive packaging solutions for the high-end cosmetics industry. Samhwa was founded in 1977 and is based in Gyeonggi-do, South Korea.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 497 of 499
Sector: Packaging M&A 5 of 5
Type: Secondary Buyout M&A Deals 112 of 113
Country: South Korea M&A 7 of 7
Year: 2025 M&A 11 of 13
Size (of disclosed) 95 of 108
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-14 Headlands Research

Lake Worth, Florida, United States

Headlands Research is a multinational integrated clinical trial site organization with a mission to improve lives by advancing innovative medical therapies. Headlands Research was formed in 2018 and is based in Lake Worth, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-16 Hoken Minaoshi Honpo Group

Tokyo, Japan

Hoken Minaoshi Hompo Group is an insurance distributor in Japan, with an omnichannel presence including in-store, call centers, and online. The Group aims to be a Life Support Platform Provider and is deeply committed to delivering peace of mind and enrichment to people's lives in the era of 100-year lifespans. It offers various services, including stores with integrated mortgage consultation and nursing care advisory services. Hoken Minaoshi Honpo Group is based in Tokyo, Japan.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 277 of 277
Sector: Packaging M&A 5 of 5
Type: Secondary Buyout M&A Deals 41 of 41
Country: South Korea M&A 2 of 2
Year: 2025 M&A 7 of 7
Size (of disclosed) 48 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-26 IRTH Solutions

Columbus, Ohio, United States

IRTH Solutions is a provider of software and services to the underground utility damage prevention industry. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irth’s software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. IRTH Solutions was founded in 1985 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-11 Proficy

Cambridge, Massachusetts, United States

Proficy is a manufacturing software business that helps manufacturers monitor and optimize production.

Buy $600M