TPG Korea

TPG hires Korea dealmaker from Goldman

The private equity firm is once more scoping out deals in Korea, returning to the market of its blowout success KFB.

TPG has hired Lee Seung-june from Goldman Sachs to help the private equity firm source deals in South Korea, according to people familiar with the move.

During Lee’s eight years at Goldman, the executive director focused on financial institutions as well on MA. 

TPG chalked up a spectacular success in the South Korean market with its investment in nationalised Korea First Bank KFB, which it cleaned up after the 1997 Asian financial crisis.

TPG acquired roughly half of KFB in 1999 for W500 billion and then more then doubled its money when it sold the bank onto Standard Chartered in 2005....

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