Private Equity Firm ShawKwei & Partners Invests in International Cosmetic Suppliers Ltd.
Monday, May 25, 2020
(Press Release) – Asian private equity firm ShawKwei & Partners (“ShawKwei”) announces a significant investment into International Cosmetic Suppliers Ltd. (“ICS”), a full-service leading provider of cosmetic, beauty and skin care packaging headquartered in Hong Kong. ICS was established in 1991 by founder and current CEO, Sue Nichols, and is a leader in the design and supply of cosmetic and beauty packaging to global brands.
ShawKwei is partnering with Sue Nichols, who will continue to be the CEO leading her current management team, to further build the business and pursue acquisitions.
“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”, said Sue Nichols, ICS founder and CEO.
Kyle Shaw, founder of ShawKwei stated “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.”
Commenting on the investment's timing, Kyle Shaw said, "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 $25bn 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."
