Announced
Completed
Financials
Sources
Tags
Private Equity
Cross Border
Minority
Acquisition
Friendly
Private
Single Bidder
Completed
logistics
Third Party Logistics (3PL)
South Korea
Synopsis
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.
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