Dr. Jart+ acquired by The Estée Lauder Companies
The Estée Lauder Companies acquired Dr. Jart+, a South Korea beauty & personal care brand.
Transaction summary
- Target
- Dr. Jart+
- Acquirer
- The Estée Lauder Companies
- Seller
- -
- Announced
- 2019-11-18
- Geography
- South Korea
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 67%
- First added
- 2026-06-18
- Latest update
- 2026-10-18
Value and multiples
100% enterprise value
USD 1.7B
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
3.4x
Period: FY2019 Forecast
Basis: Derived from source data
EV / EBITDA
-
EBITDA basis not stated
Basis: Estimated
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Transaction value: USD 1.9B
Pasted spreadsheet row states USD 1,902m valuation; supplied public web evidence verifies the acquisition but does not confirm deal value.
Basis
- Estée Lauder announced US$1.7bn whole-company EV for Have & Be and forecast Dr. Jart+ sales above US$500m for 2019. Using US$500m gives estimated forward EV/sales of 3.4x; the sales estimate covers the main acquired brand.
Other reviewed estimates
Earlier estimates and their sources.
Source summary
100% EV basis review
ConfirmedEstée Lauder’s November 18, 2019 announcement values the total Have & Be enterprise at approximately US$1.7bn and acquires the remaining two-thirds. This is already a 100% EV; 33% was the previously held stake.
Open sourceEstée Lauder 10-K, filed 2026-08-19
ConfirmedAcquisition of Have & Be Co. Ltd. (Dr.Jart+) by The Estée Lauder Companies Inc.
Open sourceEstée Lauder 10-K, filed 2026-08-19
ConfirmedFor some of our historical minority investments, we have acquired the remaining interests (e.g., Have & Be Co. Ltd. (i.e. Dr.Jart+) and DECIEM).
Open sourceContinue your research
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