Carlyle poaches Affinity MD to head up Korea operations
The Carlyle Group has appointed Sanghyun Lee as managing director with responsibility for the private equity firm’s South Korean investment activities. Lee joints from Affinity Equity Partners, where he also served as Korea-focused managing director. He will continue to be based in Seoul.
Lee led Affinity into a number of transactions, including TheFaceShop, South Korea's third-largest cosmetics brand. The private equity firm reportedly paid $60 million for the asset in 2005 and exited...
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