TPG acquires 61% stake in Lotte Rental from Lotte Group affiliates for $925 million
Type: Acquisition · Technology: Transport · Country: South Korea · Value: $925M · Announced: 2026-08-12
US private equity firm TPG agreed to acquire a 61% stake in Lotte Rental, South Korea’s largest car-rental company, from two affiliates of Lotte Group for KRW1.31tn ($925m). The transaction values Lotte Rental at approximately $925 million based on the exchange rate at the time of the announcement. Lotte Rental operates one of South Korea’s biggest vehicle-rental businesses and is listed on the Seoul stock exchange. The deal forms part of Lotte Group’s broader effort to strengthen its balance sheet and generate liquidity, with proceeds supporting its financial position and providing capital for its core hotel operations. Lotte Group spans retail, hospitality, and chemicals, and has been focusing investment on key growth areas. The acquisition represents TPG’s latest material investment in the Asian market, targeting an established South Korean platform in the mobility and consumer services sector.
Counterparties
- TPG (Buyer)
- Lotte Group (Parent Company)
- Lotte Rental (Seller)
📈 The Sherpa Signal — one notable infrastructure deal a day.