M&A Deal Summary

LG Household & Health Care Acquires Avon Products

On July 25, 2018, LG Household & Health Care acquired consumer products company Avon Products from TPG

Acquisition Highlights
  • This is LG Household & Health Care’s 3rd transaction in the Consumer Products sector.
  • This is LG Household & Health Care’s 1st transaction in Japan.

M&A Deal Summary

Date 2018-07-25
Target Avon Products
Sector Consumer Products
Buyer(s) LG Household & Health Care
Sellers(s) TPG
Deal Type Add-on Acquisition

Target

Avon Products

Tokyo, Japan
Avon Products is a global manufacturer and marketer of beauty and related products. Its products fall into three product categories: beauty, fashion, and home. Beauty consists of color cosmetics, fragrances, skincare, and personal care.

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Buyer(S) 1

Buyer

LG Household & Health Care

Seoul, South Korea

Category Company
Founded 1947
Sector Consumer Products
Revenue 6.80T KRW (2023)
DESCRIPTION

LG Household & Health Care manufactures and sells households goods, cosmetics, and beverages primarily in Korea. LG Household & Health Care was founded in 1947 and is based in Seoul, South Korea.


DEAL STATS #
Overall 3 of 5
Sector (Consumer Products) 3 of 5
Type (Add-on Acquisition) 3 of 5
Country (Japan) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-25 The FaceShop

Seoul, South Korea

The FaceShop Korea is a Cosmetic company in Korea,its develops, manufactures, and sells cosmetic products in the United States, Japan, Taiwan, Hong Kong, Singapore, Canada, and Jordan.

Buy $364M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 New Avon

New York, New York, United States

New Avon LLC (Avon North America) is the social selling beauty company in North America, with independent sales Representatives throughout the United States, Puerto Rico, and Canada. Avon North America's portfolio includes award-winning skincare, color cosmetics, fragrance, personal care, and health and wellness products featuring brands such as ANEW, Avon True Color, Espira, and Skin So Soft, as well as fashion and accessories.

Buy $125M

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B 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 182 of 267
Sector (Consumer Products) 7 of 9
Type (Add-on Acquisition) 66 of 94
Country (Japan) 1 of 1
Year (2018) 14 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-25 Sai Life

Hyderabad, India

Sai Life is an integrated provider of drug discovery, development, and manufacturing solutions for innovator pharmaceutical and biotechnology companies. The company’s ongoing commitment to quality, thorough approach, and state-of-the-art research and manufacturing facilities enable its highly skilled team of professionals to provide its clients with competitive advantages such as shorter time to market and risk minimization. Sai Life was founded in 1999 and is based in Hyderabad, Telangana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 Discovery Midstream

Dallas, Texas, United States

Discovery Midstream is a provider of oil and natural gas gathering and natural gas processing services in the southern portion of Colorado’s Denver-Julesburg Basin. Discovery Midstream is based in Dallas, Texas.

Sell $1.2B