Private equity firm L Capital has made an investment of NTD750m ($24.6m) in Taiwanese clinical skincare brand DR.WU Skincare.
The company provides skincare products with no additives, no alcohol, and concentration of high grade ingredients.
L Capital, which is backed by LVMH Moet Hennessy Louis Vuitton, said it will provide insight into consumer markets, retail operations, product design, and access to international markets to DR.WU.
L Capital Asia managing partner Ravi Thakran said, “We are excited at this opportunity to be partnering a category leader like DR.WU from a fairly well-developed and competitive market like Taiwan.
“I firmly believe that the combination of DR.WU’s strong product knowledge and well-established brand name, with our insights on marketing as well as our market access will make for a good case study for international market expansion.”
Another company backed by LVMH, Moda Operandi, raised a $22m Series D round in January.
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