PE firm ShawKwei invests in Hong Kong-based cosmetics packaging firm

Photo by Raphael Lovaski on Unsplash

Asia-focused private equity firm ShawKwei & Partners has invested an undisclosed sum in Hong Kong-based makeup and skincare packaging firm International Cosmetic Suppliers Ltd (ICS), according to an announcement.

Kyle Shaw, the founder of ShawKwei, said the investment firm will work with ICS to help it pursue strategic acquisitions in Asia, the US and Europe, and to further expand its business.

“The investment…will enable ICS to capitalise on the many growth opportunities in front of us,” said ICS founder and CEO Sue Nichols.

“Cosmetics and beauty packaging is a $25-billion industry and ShawKwei has always been a long term investor. This will be the first of multiple acquisitions as we build a global platform with Sue and ICS,” Shaw added.

Established in 1991, ICS designs and provides packaging for the global cosmetic and beauty market. The company operates five offices in Hong Kong, Taiwan, China, the US and Australia.

Its focus areas include product development and design, industrialisation and engineering, R&D, project management, quality assurance and quality control, ethical sourcing, social accountability and sustainability, sales and business development, and supply chain and logistics.

This is ShawKwei’s first publicly announced investment in 2020 amid the ongoing COVID-19 crisis.

The Hong Kong-headquartered firm, which invests in mid-market companies operating across Asia, closed its fourth pan-Asia fund at $812 million in 2018, a little over its $800-million target.

The fund had invested in Singapore oil and gas services firm Gaylin Holdings Ltd in a $100-million transaction that included debt restructuring. Gaylin Holdings was merged with another Singapore-based ShawKwei portfolio company, AMOS.

ShawKwei has also invested in US and European businesses that have operations in Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.