L Capital backs DR.WU Skincare with NTD750m investment

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taiwan_sqPrivate 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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