Global private equity and venture capital news and research

Affinity, CVC among KT Rental suitors

26 Aug 2014

kt koreaPrivate equity firms Affinity Equity Partners and CVC Capital Partners are reportedly preparing to bid for South Korean car rental business KT Rental.

The company could be sold for KRW800bn ($786m), people familiar with the matter told Reuters.

KT Rental is part of Korean telecommunications group KT Corp, which has also put its loan servicing division KT Capital on the block.

The company recently disclosed that it had a 26 per cent share of the Korean car rental market in the second quarter.

Recent private equity deals in Korea include L Capital Asia’s $80m investment in YG Entertainment whose artists include rapper Psy of Gangnam Style fame.

Copyright © 2014 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016