COSRX acquired by Amorepacific
Amorepacific acquired COSRX, a South Korea skincare brand, on Oct 30, 2023.
Transaction summary
- Target
- COSRX
- Acquirer
- Amorepacific
- Seller
- -
- Announced
- 2023-10-30
- Geography
- South Korea
- Tags
- CosmeticsCPGK BeautySkincare
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 38%
- First added
- 2026-06-18
- Latest update
- 2026-09-29
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
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Unknown: USD 1.0B
User-supplied spreadsheet row lists USD valuation_m=1,000. Supplied public web evidence verifies the transaction but does not verify deal value.
Basis
- USD 1.0bn enterprise value is a FundComb estimate. Public sources reviewed confirm the transaction, but do not independently disclose every valuation input.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- Implied EV / revenue is 3.6x, calculated from USD 1.0bn value and USD 280m revenue.
- Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
- Owner-defined 100% EV convention applied to the exact valuation_m cell in original spreadsheet candidate 107. Amount and currency unchanged; remains user-supplied, not independently confirmed. Previous source context: User-supplied spreadsheet row lists USD valuation_m=1,000. Supplied public web evidence verifies the transaction but does not verify deal value.
Other reviewed estimates
Transaction comps can involve reported or estimated figures from different sources. FundComb uses the values above as the current canonical comp, while preserving prior reviewed estimates below for context.
Source summary
Research Report | Mirae Asset Securities
EstimatedMirae 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