JKL Partners completed the acquisition of a 53% stake in Lotte Insurance for $359m.

Private equity firm JKL Partners completed the acquisition of a 53% stake in Lotte Insurance, a life insurance company, for $313m. JKL Partners said it will issue new stocks to raise up to 300bn after it concludes the acquisition. The measure is believed to raise Lotte Insurance's risk-based capital ratio toward 200%.