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Announced

Blackstone Group acquired a 46% stake in Geo-Young from Anchor Partners for $945m.

Financials

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Transaction Value£730m
Consideration Type-
Capital Owned-
Capital Bid For46%
EV/Sales0.9x
EV/EBITDA40x
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

pharmaceutical wholesaler

Acquisition

Pending

South Korea

Pharmaceuticals

Private

Private Equity

Synopsis

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Private equity firm Blackstone Group acquired a 46% stake in Geo-Young, a South Korean wholesale drug distributor, from Anchor Partners for $945m. Geo-Young founder and Chief Executive Cho Sun-hae would remain as a shareholder and retain her leadership role. The transaction is expected to close in the second quarter of 2019, subject to regulatory approvals.

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