KPMG Corporate Finance LLC advised Wei holdings, Inc.
Wei Holding, Inc. (Wei Beauty) has been sold to Fosun Jinmei Cosmetics Co., Ltd., a subsidiary of Fosun International Limited (Fosun). The sale will help to accelerate Wei Beauty’s growth in the global prestige beauty skincare market.
KPMG Corporate Finance LLC acted as exclusive financial advisor to Wei Beauty, a vertically integrated prestige beauty skincare brand, on their sale to Fosun, an innovation-driven consumer group that provides high-quality products and services for families around the world in health, happiness, and wealth segments.
The KPMG Corporate Finance LLC team provided Wei Beauty:
In addition to sell-side advisory services, KPMG LLP’s Financial Due Diligence team was engaged to perform the company’s quality of earnings analysis and pro forma P&L consolidation prior to market launch.
The KPMG International Tax Services team was engaged to address suitable structuring variables across international tax jurisdictions to achieve maximum tax efficiencies for sellers.
Wei Beauty is a vertically integrated prestige beauty skincare brand with sales in Asia, Europe, and North America. The company was incorporated in 2002 and is based in Newtown Square, Pennsylvania.
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