Bain Sells South Korea’s Top Botox Maker for $1.5bn

Bain Sells South Korea’s Top Botox Maker for $1.5bn

Bain Capital has sold its controlling stake in South Korea’s leading Botox maker to a consortium of investors for $1.5bn as the Covid-19 pandemic fuels a surge in demand for cosmetic surgery in the country. Seoul-based Hugel, founded in 2001, is South Korea’s biggest...
TPG appoints bankers to work on IPO of private equity firm

TPG appoints bankers to work on IPO of private equity firm

TPG has hired Goldman Sachs and JPMorgan Chase to work on an initial public offering, closer to a stock market offering the private equity firm has considered the past decade. The group could submit IPO documents to U.S. regulators as early as September, according to...