Industry Newsroom

BPEA Acquires Acuon Capital from J.C. Flowers & Co.

Baring Private Equity Asia (BPEA) has acquired South Korea-based consumer finance and leasing company Acuon Capital, facilitating an exit for financial services-focused buyout firm J.C. Flowers & Co. Acuon, which mamnages a USD3.9 billion loan portfolio, was formed through the merger of three South Korea-based lending businesses. The company plans to use its partnership with BPEA to accelerate its growth as an alternative lender. Financial details of the transaction were not disclosed.