Carlyle Group Reporltedy Mulls Acquistion Of It'S Skin From Han Bul Cosmetics
March 30, 2015 at 09:30 am IST
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The Carlyle Group LP (NasdaqGS:CG) reportedly is seeking acquisition of It's Skin Co., Ltd. from Han Bul Cosmetics Co., Ltd. According to market insiders and media reports, “Carlyle has offered around KRW 2 trillion for the deal, which is about 10 times It's Skin's earnings before interest, taxes, depreciation and amortization. The EBITDA is used to measure a company's profitability and ability to create cash flow.” It's Skin, with its reported sales of KRW 370 billion, has become the main pillar of Habul, with reported sales of KRW 39.2 billion.
IT'S HANBUL CO., LTD., formerly It's skin CO., LTD., is a Korea-based company mainly engaged in the retail of cosmetics. The Company mainly retails basic skin cares including toners, essences, emulsions, creams, eye creams, eye masks, sun cares, cleansing foams, exfoliations and others; base makeups including makeup bases, highlighters, concealers foundations, blemish balms (BBs), color control (CC) creams, powders, pacts and others; point makeups including eye shadows, lipsticks, eyebrows, eyeliners and others; body cares including body washes, body scrubs, body lotions, body creams, body oils and body mists; hair cares including hair sprays, hair rinses, hair shampoos and others and other cosmetics.
IT'S HANBUL CO., LTD. 