CBC-led consortium buys Bain's stake in Korean botox maker
A consortium led by Asia healthcare-focused private equity firm CBC Group has agreed to acquire a 46.9% interest in Hugel, a South Korean manufacturer of botox and other health-related pharmaceuticals, for KRW1.7 trillion ($1.5 billion).
The seller is Bain Capital, which committed approximately KRW927 billion - in the form of new and existing shares and convertible bonds – in 2017. The consortium will take ownership of 5.36 million...
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