Overview

• Blackstone said affiliated funds signed a definitive agreement for a significant stake in Juno Hair, citing explosive global demand for Korean beauty services.
• Founder Kang Yun-seon will remain chief executive and partner alongside Blackstone to steer the next phase of growth.
• Financial terms were not disclosed, though reports during negotiations indicated a full-brand valuation of up to 800 billion won.
• Juno operates more than 180 salons nationwide with over 3,000 staff and runs the Juno Academy to train stylists.
• The company has outlets in Singapore, Vietnam and the Philippines with master-franchise deals in Japan and Thailand, and it becomes Blackstone’s fourth private equity investment in Korea.