The deal extends KKR's global beauty-sector push into Japan, though financial terms remain undisclosed.
KKR has agreed to acquire Ci FLAVORS, a Japanese beauty and lifestyle platform, from L Catterton and other existing shareholders. The firm describes the acquisition as part of a broader strategy to expand its footprint in the global beauty sector.
No transaction value, financing structure, or expected closing date has been disclosed. The deal marks an exit for L Catterton, a consumer-focused private equity firm, from its stake in the platform.
The transaction fits a broader pattern of continued private equity interest in consumer and beauty platforms across Asia, even as fundraising conditions in parts of the region have become more selective. For investors tracking Asian deal flow, Ci FLAVORS is another example of sponsors continuing to deploy capital into branded consumer assets despite a less uniform fundraising backdrop.