Affirma Capital agreed to acquire a controlling equity stake in Hwa Sung Cosmetics Co. Ltd. from the latter's founder for an undisclosed amount.

Hwa Sung is a Korean original equipment manufacturer and original design manufacturer with a focus on eyebrow and other color cosmetics products.

Affirma, formerly known as the Standard Chartered Pvt. Equity Ltd., is a global private equity firm headquartered in Singapore.

BDA Partners served as the exclusive financial adviser to the seller.