Carlyle agrees to acquire South Korea’s Chung Ho Group for $700m

Global alternative asset manager The Carlyle Group has signed a definitive agreement to acquire up to 100% of South Korea-based Chung Ho Group, a leading provider of subscription-based home and healthcare appliance rental services, for a reported $700m. The transaction will be funded through funds affiliated with Carlyle’s Asia buyout platform, Carlyle Asia Partners. Financial terms were not disclosed. The deal represents a succession-driven transaction with the Joung family, the company’s...