CBC-led consortium to acquire a 47% stake in Hugel from Bain Capital for $1.5bn.

Three Investment firms, CBC, IMM, Mubadala investment and GS Holdings, a holdings company, agreed to acquire a 47% stake in Hugel, a South Korea-based botox maker, from Bain Capital for $1.5bn. “By leveraging our foothold in international markets, we are confident that Hugel as a Korea-based company will become a leading global aesthetics business by expanding significantly into the United States, Europe, China and the rest of the world, Michael Keyoung, CBC Managing Director.