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CBC Group Considers Taking South Korea’s Hugel Private

  • Private equity firm in early talks to seek financing for deal
  • CBC-led group in August inked $1.5 billion deal for 47% stake
Updated on

CBC Group is considering taking cosmetic pharmaceutical company Hugel Inc. private, less than a year after a consortium it led agreed to buy a controlling stake in the firm, according to people familiar with the matter.

CBC is in preliminary discussions with advisers to seek financing for a potential transaction, said the people, asking not to be identified because the matter is private. The Singapore-based buyout firm could relist Hugel in Hong Kong, but no final decision has been made, the people said.