Confirmed Control (38%) Closed Transaction verified CosmeticsCPGK beautySkin Care

COSRX acquired by Amorepacific

Amorepacific acquired COSRX, a South Korea skincare brand.

Transaction summary

Target
COSRX
Acquirer
Amorepacific
Seller
-
Announced
2023-10-30
Geography
South Korea
Type
Acquisition
Deal type
Control
Stake acquired
38%
First added
2026-06-18
Latest update
2026-10-21

Value and multiples

100% enterprise value

USD 1.0B

100% enterprise value | USD

Basis: FundComb estimate

Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.

EV / revenue

3.6x

Period not stated

Basis: FundComb estimate

EV / EBITDA

-

EBITDA basis not stated

Basis: FundComb estimate

Basis

  • FundComb’s comps spreadsheet values COSRX at USD 1,000m, used as the whole-company enterprise value, with revenue of USD 280m: 3.6x revenue. The revenue period is not stated. These are FundComb estimates, not confirmed by a public source. Amorepacific announced on 30 October 2023 that it made COSRX a subsidiary by buying an additional stake (PR Newswire).

Other reviewed estimates

Earlier estimates and their sources.

Research Report | Mirae Asset Securities
Revenue KRW 564bn
Open evidence

Source summary

Amorepacific Incorporates COSRX as a Subsidiary through Additional Stake Acquisition - PR Newswire

Confirmed
Open via Google News

Research Report | Mirae Asset Securities

Estimated

Mirae Asset reported Amorepacific planned to increase its COSRX stake to 93% and consolidate it from May 2024; it forecast COSRX 2024 revenue of KRW 564.3bn and operating profit of KRW 191.9bn.

Open source

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