L'Oréal S.A. (ENXTPA:OR) signed an agreement to acquire Gowoonsesang Cosmetics Co. Ltd from Mibelle AG on December 23, 2024. The acquisition of Gowoonsesang Cosmetics Co, Ltd, includes Dr.G, the Korean skincare brand. Upon completion, Dr.G will become part of L'Oréal Groupe?s Consumer Products Division, positioned to meet the rising demand for K-Beauty and scientifically developed, effective yet affordable skincare solutions. Gowoonsesang Cosmetics Co. Ltd has around 200 employees in South Korea and around ten employees in China.

The transaction is expected to be completed in the next few months after regulatory approvals and other customary conditions.

Alantra Corporate Finance, S.A. acted as financial advisor for Mibelle AG. Hans-Jakob Diem and Markus Vischer of Walder Wyss Ltd. acted as legal advisor for Mibelle AG. Latham & Watkins LLP (Paris) acted as legal advisor to L'Oréal S.A.