<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=cdib">CDIB Capital</a>, the private equity arm of <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=China+Development+Financial">China Development Financial</a>, has invested an undisclosed amount in L&amp;P Cosmetic Co Ltd, a South Korea-based facial skincare firm, according to a CDIB statement on Thursday.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=cdib">CDIB Capital</a>, the private equity arm of <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=China+Development+Financial">China Development Financial</a>, has invested an undisclosed amount in L&amp;P Cosmetic Co Ltd, a South Korea-based facial skincare firm, according to a CDIB statement on Thursday.
Founded in 2009, L&amp;P is popular for its facial sheet masks sold under the Mediheal brand. CDIB Capital said that it has followed L&amp;P for several years, noting its rapid expansion in Korea and China.
The global facial and skin care cosmetic market is valued at about $120 billion. The facial masks market is one of the fastest growing categories in Asia, especially in South Korea and China where annual growth has exceeded 20 per cent, according to the company statement.
Additionally, CDIB Capital sees significant geographical expansion opportunities for L&amp;P in Southeast Asia, Japan, Middle East, Europe and Americas, with the growing popularity of facial masks, especially with the youth.
&#8220;We’re delighted to back L&amp;P in its international expansion. We believe that the company is uniquely positioned with exceptional product innovation capabilities and a highly efficient asset light business platform,” Lionel de Saint-Exupéry, Chairman and CEO of CDIB Capital, said. “Under CEO Ohsub Kwon’s leadership, L&amp;P is bound to keep enjoying significant growth on the back of the rapid adoption of facial masks in China and the rest of the world.”
In 2016, CDIB Capital closed a RMB200 million investment in Tutwo (Xiamen) Outdoor Co Ltd, a leading multi-brand outdoor sporting goods retail platform with over 900 stores in China. It also invested in two more deals in IT-driven logistic company and renewable resource technology firm in China in the same year.
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CDIB Capital, the private equity arm of China Development Financial, has invested undisclosed amount in L&P Cosmetic Co Ltd, a South Korea-based facial skincare firm.

CDIB Capital invests in South Korea's L&P Cosmetics

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CDIB Capital invests in South Korea's L&P Cosmetics

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