A consortium led by private equity firm CBC Group is in advanced talks to acquire Bain Capital’s controlling stake in Seoul-listed cosmetic pharmaceutical company Hugel Inc., according to people familiar with the matter.
The investor group could include a South Korean investor, said the people, who asked not to be identified as the discussions are confidential. A Middle Eastern fund is also considering chipping in, one of the people said.
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CBC Group is a healthcare-dedicated investment firm focused on middle & late-stage growth and buyout investment opportunities in China including the pharmaceutical/ biotech, medical technology and healthcare services sub-sectors
Source: Bloomberg Law
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