Affinity Equity to acquire a majority stake in Lotte Rental from Hotel Lotte and Busan Lotte Hotel in a $5bn deal.

Synopsis

Affinity Equity, a private equity firm, agreed to acquire a majority stake in Lotte Rental, a car rental firm, from Hotel Lotte and Busan Lotte Hotel in a $5bn deal.

Principals

target

Lotte Rental

bidder

Affinity Equity Partners

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Market Context

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Seller Team (1)

jin-hwan choi

CEO at LOTTE RENTAL

Manager

target

Deal

n/a

Total Value

Bidder Team (1)

kok-yew tang

Managing Partner at AFFINITY EQUITY PARTNERS

Investor

bidder

Deals

£ 2.58 B

Total Value

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