Bain Capital sells 6% stake in Korea’s Classys via block deal for $163 million

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LUKEWARM APPETITE FOR FULL BUYOUTSources said Bain’s block sale reflects a pivot toward recovering some of its capital in the face of lukewarm appetite for a full buyout.“There has been limited interest at the asking price for a full acquisition,” said a Seoul-based banker familiar with the matter.“The block trade allows Bain to reduce exposure while still maintaining control.”In early Monday trade, shares of Classys were down 0.7% at 60,050 won versus the Kosdaq index’s 1.6% fall.

Bain Capital LP has offloaded a 6% stake in South Korean medical aesthetics company Classys Inc.through a block trade, raising 228 billion won ($163 million) as the US private investment firm scaled back its position after a stalled exit attempt.

Korean private equity firms are also said to be reluctant to acquire full control of Classys in the aftermath of MBK Partners Ltd.’s handling of Homeplus Co., a Korean retailer that filed for court receivership, sources said.

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Article Details

Category: Economy

Markets: South Korea

Topics: Private Capital Global Stake Classys Sources Block Trade Korean Company Bain

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 16:55:40 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 392 words

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Sentences: 19 lines

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Copyright Owner: © Korea Economic Daily

News ID: 28808052

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