The Blackstone Group to invest in JJ Tools.

The Blackstone Group, a global investment firm, agreed to invest in JJ Tools, a Korean manufacturer of industrial cutting tools. Financial terms were not disclosed. Blackstone will partner with JJ Tools’ Founder and Chief Executive Officer, Jong-Ik Park, who will maintain a stake in the Company, and continue to support JJ Tools in its next phase of global expansion. This is a continuation of Blackstone’s commitment to investing in high-quality Korean companies and backing entrepreneurs and family-owned businesses.