Global buyout giant KKR has made a strategic investment in Cornell Capital-backed beauty brands and home care end-to-end solutions specialist Knowlton Development Corporation.
kdc/one says it offers a seamlessly networked value-chain in the ideation, formulation, design, packaging, and manufacturing of products for over 1,000 brands across the beauty, personal care and home care segments.
The firm hauled in $9bn for its flagship North America Fund IX in 2014, before raising $13.9bn for its giant successor vehicle in 2017. It had raised close to $17bn for Fund XIII by November last year.
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