Pe Firm Carlyle Group Invests $200m


Pe Firm Carlyle Group Invests $200m

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Lotte Rental is the number one automotive rental company in Korea. Lotte Rental has 220 branches and sales offices nationwide and operates 210,000 automobiles. We maintain a HOLD score with a new target price of Bt28 (+6% from Previous TP at 26.5) derived from 35xPE’22E, which is close to the major listed home-improvement players in Thailand.

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It relies in Pangyo, South Korea, and has over 500 workers. It focuses on delivering an extensive range of mobility providers via its Kakao T mobile app. These services include taxi-hailing, private driver, electric bike hiring, parking, and navigation. It can also be developing its autonomous driving expertise. Post this funding, Kakao Mobility would leverage Carlyle’s industry know-how and international network to expand into new territories and pursue organic and inorganic growth alternatives.

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