Carlyle Group to Buy South Korea's Chung Ho Group for $700 Million

Dow Jones

Jun 08

By Megan Cheah

Carlyle Group has agreed to acquire Chung Ho Group, seeking to support the South Korean home and healthcare appliance rental platform's growth.

Equity for the succession-driven deal will come from investment funds affiliated with Carlyle Asia Partners, its Asia buyout platform, Carlyle said Monday.

The deal's equity value is $700 million, according to people familiar with the matter.

Carlyle is buying as much as 100% of Chung Ho from the family of late founder H.D. Joung, said the Washington, D.C.-based buyout firm, which had $475 billion of assets under management as of end-March.

Chung Ho was founded in 1993 as a water-purifier manufacturer and has since evolved into a home and healthcare appliance rental company, offering finished-product rental, filter and component manufacturing, in-house installation and after-sales services.

The South Korean company is likely to benefit from long-term consumer demand for health and wellness-related home appliances, Carlyle said, adding it would invest in the brand and its product-innovation capabilities.

The deal is expected to close later this year.

Carlyle has invested more than $4 billion in South Korea over the past two decades, with stakes in companies including KB Financial Group, Hyundai Glovis and KFC Korea.

Write to Megan Cheah at megan.cheah@wsj.com

(END) Dow Jones Newswires

June 07, 2026 22:20 ET (02:20 GMT)

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Joung, said the Washington, D.C.-based buyout firm, which had $475 billion of assets under management as of end-March. \n\n\n  Chung Ho was founded in 1993 as a water-purifier manufacturer and has since evolved into a home and healthcare appliance rental company, offering finished-product rental, filter and component manufacturing, in-house installation and after-sales services. \n\n\n  The South Korean company is likely to benefit from long-term consumer demand for health and wellness-related home appliances, Carlyle said, adding it would invest in the brand and its product-innovation capabilities. \n\n\n  The deal is expected to close later this year. \n\n\n  Carlyle has invested more than $4 billion in South Korea over the past two decades, with stakes in companies including KB Financial Group, Hyundai Glovis and KFC Korea. \n\n\n \n\n\n  Write to Megan Cheah at megan.cheah@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 07, 2026 22:20 ET (02:20 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}