CBC-led Consortium’s Acquisition of Controlling Stake in Hugel

Ropes & Gray represented Bain Capital in the transaction.

Bain Capital completed the sale of its controlling stake in Hugel Inc., a leading biopharmaceutical company based in South Korea, to a consortium consisting of CBC Group, GS Holdings, IMM Investment and Mubadala Investment.

CBC Group, Asia’s largest healthcare-dedicated investment firm, commits to creating value and integrating global resources.

Mubadala Investment Company manages a global portfolio aimed at generating sustainable financial returns for the Government of Abu Dhabi. 

GS is comprised of GS Holdings and various subsidiaries and affiliates including GS Energy, GS Caltex, GS Retail, GS EPS, GS Global, GS E&R, GS Sports and GS E&C.

IMM is one of the leading Korean domestic investment firms with USD 4.7bn AUM. Since its inception in 1999, the firm has expanded its investment products from Venture Capital to Growth Private Equity and Infrastructure.

The cross-office and cross-practice Ropes & Gray team was led by private equity partner Jaewoo Lee (Picture) and included commercial and securities litigation partners Peter Welsh and Anne Johnson Palmer, private equity partner Oliver Nip, leveraged finance partner Jackie Kahng, mergers and acquisitions partner Michael Beauvais, litigation & enforcement partners Nick Berg, Andrew Dale and Geoffrey Atkins, IP litigation partners David Chun and Matthew Rizzolo, labor and employment partner Megan Bisk, tax partner Elaine Murphy, life sciences regulatory & compliance of counsel Al Cacozza, antitrust counsel Deidre Johnson, and associates Keun Shin, Ethan Kim, Monica Mleczko, Ethan Weinberg, Christa Millard, Rory Skowron, Haley Eagon, Viacheslav Iavorskyi, Denise Sohn, Derek Yee and Brandon Sisson.

Involved fees earner: Geoffrey Atkins – Ropes & Gray; Michael Beauvais – Ropes & Gray; Nicholas Berg – Ropes & Gray; Megan Bisk – Ropes & Gray; Albert Cacozza – Ropes & Gray; David Chun – Ropes & Gray; Andrew Dale – Ropes & Gray; Haley Eagon – Ropes & Gray; Viacheslav Iavorskyi – Ropes & Gray; Deidre Johnson – Ropes & Gray; Anne Johnson Palmer – Ropes & Gray; Jackie Joohee Kahng – Ropes & Gray; Ethan Kim – Ropes & Gray; Jaewoo Lee – Ropes & Gray; Christa Millard – Ropes & Gray; Monica Mleczk – Ropes & Gray; Elaine Murphy – Ropes & Gray; Oliver Nip – Ropes & Gray; Matthew Rizzolo – Ropes & Gray; Keun Shin – Ropes & Gray; Brandon Sisson – Ropes & Gray; Rory Skowron – Ropes & Gray; Denise Sohn – Ropes & Gray; Ethan Weinberg – Ropes & Gray; Peter Welsh – Ropes & Gray; Derek Yee – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Bain Capital;