CBC Group-Led Consortium in Talks for Bain’s Hugel Stake
CBC’s consortium includes South Korean, Middle Eastern funds
Bain Capital is seeking up to $2 billion in Hugel’s stake sale
A consortium led by private equity firm CBC Group is in advanced talks to acquire Bain Capital’s controlling stake in Seoul-listed cosmetic pharmaceutical company Hugel Inc., according to people familiar with the matter.
The investor group could include a South Korean investor, said the people, who asked not to be identified as the discussions are confidential. A Middle Eastern fund is also considering chipping in, one of the people said.