TPG said on Tuesday it had named Sanghoon Lee as a partner and head of South Korea as the US private equity firm plots its return to the active buyout market.
The former Samsung executive and Morgan Stanley private equity investor hasn’t officially started yet and will be based in Hong Kong. He will report to Tim Dattels the managing partner of TPG Capital Asia.
“We see Korea, in particular, as a country poised for growth with untapped opportunities across multiple industries,” said Dattels in a statement.
TPG has recently made tentative steps to return to Korea, from which it withdrew in 2007 after...