Korea Kolmar Co., Ltd. (KOSE:A161890) agreed to acquire 85% stake in CSR Cosmetic Solutions Inc. for KRW 9.34 billion on November 30, 2016. Steve Blanchet will continue to be President and Chief Executive Officer for the next two years. Kolmar Korea will be using the facilities of CSR Cosmetic Solutions Inc. to build the business in North America. The transaction is expected to close on January 16, 2017. FirePower Capital Corporation acted as financial advisor to CSR Cosmetic Solutions. Peter S. Hong, Diana R. Lyrintzis, Patrice Thomas and Andrew Ellis of Davies Ward Phillips & Vineberg LLP acted as legal advisor for Korea Kolmar. Hyun Suk Kim and Chee Kwan Kim from Clifford Chance LLP (Foreign Legal Consultant office) acted as the legal advisors for Kolmar Korea Co., Ltd. (KOSE:A161890). Korea Kolmar Co., Ltd. (KOSE:A161890) completed the acquisition of 85% stake in CSR Cosmetic Solutions Inc. on January 16, 2017. Locus Capital Partners acted as financial advisor to Korea Kolmar Co., Ltd.