ShawKwei & Partners made a significant investment in International Cosmetic Suppliers Ltd.
WHO: Founded in 1991, Hong Kong-headquartered ICS offers cosmetic, beauty, and skincare packaging and has offices around the Asia-Pacific region in Australia, Taiwan, China, and the USA.
ShawKwei & Partners is a private equity fund manager in Asia with offices in Hong Kong, Singapore, and Shanghai, investing in mid-market manufacturing, and industrial and service companies operating across the wider Asian region.
IN THEIR OWN WORDS: ICS CEO and founder Sue Nichols said, “We are excited for this new phase in our growth. The investment represents a milestone for ICS and the global customer base we have established and will enable ICS to capitalize on the many growth opportunities in front of us.”
Kyle Shaw, founder of ShawKwei, added, “Over the last 30 years, Sue has built ICS into a highly respected cosmetic packaging supplier supporting many of today’s global brands. We will be working with Sue to pursue strategic acquisitions in Asia, US and Europe to increase the depth and breadth of ICS’ already extensive capabilities and customer offerings.”
Shaw went on to discuss the timing of the investment, continuing, “We began engaging with Sue in the fall of 2019 and have been impressed with ICS’ continued acquisition of new customers. Cosmetics and beauty packaging is a US$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.”
DETAILS:
Photo: via ICS
