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V3 Group Limited Welcomes Investment from KKR

V3 Group Limited ("V3a?? or the "Companya??), a leading specialty retailer
of luxury lifestyle and wellness products in Asia, today announced an
investment by global investment firm KKR, which will invest up to S$500
million for a significant stake in V3, at an enterprise value of
approximately S$1.7 billion.


This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20181203006091/en/


Headquartered in Singapore, V3 owns and develops premium products and
services through its leading luxury and wellness brands a?? OSIM, TWG Tea
and ONI (GNC, LAC, Xndo) a?? promoting and inspiring a healthy lifestyle
to a broad and affluent consumer demographic across Asia. The Company
also owns Futuristic Store Fixtures, which supports some of the worlda??s
leading retail brands. The Company has a history of impressive brand
creation and development, a deep understanding of the consumer market
and retailing, and a presence in over 100 cities in 26 countries around
the world.


Commenting on the investment by KKR, Mr. Ron Sim, Founder, Executive
Chairman and Chief Executive Officer of V3, said, "I am extremely
pleased to welcome KKR as a significant shareholder in V3. I look
forward to an exciting partnership together as well as drawing on KKRa??s
longstanding expertise and full support to accelerate the growth of the
business. I am confident this investment will position the Company for
our next phase of growth, starting with the immediate expansion of TWG
Tea in Japan and the USA and of OSIM in China."


KKRa??s investment marks the beginning of a robust relationship with V3,
and affirms the strong heritage and prospects of one of Asiaa??s most
distinguished luxury groups. KKR is making this investment from its
Asian Fund III.
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