Carlyle recruits Goldman Sachs banker as Korea head

Kim, who will start work in March 2020, spent nearly 20 years at Goldman, latterly serving as head of M&A for Asia ex-Japan. Before that, he rose through the ranks in Korea as an executive director for corporate finance, head of investment banking, and co-country head.

“We see compelling opportunities, driven by restructurings within the corporate sector, multinationals and chaebols looking to divest non-core businesses, and generational changes. John will be a strong addition to the team as we continue to increase our investment in Korea,” Greg Zeluck, co-head of Carlyle’s Asia buyout team, said in a statement.

The firm has been operating in Korea for 20 years and had deployed more than $1.5 billion of equity in the country as of June 2019. Last year, Carlyle sold ADT Caps, a local security monitoring and dispatch business, to SK Telecom and Macquarie Group for an enterprise valuation of KRW2.97 trillion ($2.7 billion). It bought the business from Tyco International for $1.93 billion in 2014.

Carlyle is currently deploying its fifth pan-Asian buyout fund, which closed last year at $6.55 billion.

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• Topics
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