Earlier this week, noted private equity firm ShawKwei & Partners (ShawKwei) announced a major new investment in International Cosmetic Suppliers Ltd (ICS), a full-service and leading provider of cosmetic, beauty and skin-care packaging to global brands.
ICS CEO and founder, Sue Nichols, in announcing the investment 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.”
Founded in 1991, ICS has offices around he Asia-Pacific region in Australia, Taiwan, China, and the USA.
The ICS client list reads like a who’s who of global cosmetic leaders that includes Marc Jacobs, butter LONDON, and Urban Decay.
Also referring to the investment, 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.”
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.
Its business interests range from China to Europe, and the United States to South East Asia.