M&A Deal Summary

The Blackstone Group Acquires Geo-Young

On April 30, 2019, private equity firm The Blackstone Group acquired distribution company Geo-Young

Acquisition Highlights
  • This is The Blackstone Group’s 2nd transaction in the Distribution sector.
  • This is The Blackstone Group’s 1st transaction in South Korea.
Investment Fate
  • Geo-Young was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2019-04-30
Target Geo-Young
Sector Distribution
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Geo-Young

Seoul, South Korea
Geo-Young is a wholesale distributor of pharmaceutical drug products in Korea. Geo-Young serves more than 250 multi-national and domestic pharmaceutical and medical device companies, distributing to more than 11,000 pharmacies, hospitals, and clinics through its nationwide logistics network. Geo-Young was founded in 2002 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 255 of 362
Sector: Distribution M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 67 of 81
Country: South Korea M&A 1 of 2
Year: 2019 M&A 8 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 GatewayRail

New Delhi, India

GatewayRail is an intermodal operator that provides rail transport service through its inland container depots at Gurugram, Faridabad, Ludhiana, Ahmedabad, and Domestic Container Terminal (DCT) at Navi Mumbai. GatewayRail was formed in 2007 and is based in New Delhi.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Cloverleaf Cold Storage Co.

Sioux City, Iowa, United States

Cloverleaf Cold Storage is a family owned cold storage warehouse and processing company. Cloverleaf Cold was founded in 1952 and is now the 8th largest public refrigerated warehouse company in North America, as reported by the International Association of Refrigerated Warehouses, an industry trade group. Cloverleaf Cold has operations in eight states from the Midwest to the Southeastern US.

Sell -