The Carlyle Group, an American multinational private equity, completed the acquisition of 10% stake in Hyundai Glovis, a logistics company, from Hyundai Motor Group, a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service, for $510m. "Carlyle's deep sector expertise and strong operational value-creation capabilities will benefit the corporate value and the shareholder value of Hyundai Glovis going forward," Hyundai Motor Group.