CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b

CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b

Photo: Sam Moqadam / Unsplash

A consortium led by healthcare-dedicated investment firm CBC Group agreed to acquire a 47% stake in South Korea’s top botox maker Hugel Inc from Bain Capital for 1.7 trillion won ($1.5 billion), GS Holdings and Hugel said on Wednesday.

The consortium also includes Abu Dhabi sovereign wealth fund Mubadala Investment Co, South Korea’s GS Holdings Corp and private equity firm IMM Investment Corp, it said in a joint statement.

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