Global alternative asset manager The Carlyle Group has signed a definitive agreement to acquire up to 100% of South Korea-based Chung Ho Group, a leading provider of subscription-based home and healthcare appliance rental services, for a reported $700m.
The transaction will be funded through funds affiliated with Carlyle’s Asia buyout platform, Carlyle Asia Partners. Financial terms were not disclosed.
The deal represents a succession-driven transaction with the Joung family, the company’s...
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