Blackstone to acquire 70% of Juno Hair for KRW 400bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $276m
- Stake
- 70%
- Implied 100%
- $394m
- Revenue
- $207m
- Op. income
- —
- Multiples
- PSR 1.9x
Deal value ÷ stake (structure unconfirmed)
2024 연결 · Single report, unverified
2024 연결 · Single report, unverified
On implied equity value
- Target
- Juno Hair · Hair salon chain (beauty services)
- Buyer
- Blackstone · FI
- Seller
- Founder Kang Yun-seon (owner side)
- Structure
- —
- Announced
- Sep 2, 2025
- Closed
- —
- Stage
- Signed
Target
Juno Hair, founded in 1982, is a hair salon chain with about 180 mostly company-operated stores and roughly 3,000 staff across five entities including Juno, Juno Beauty, Juno Depot and Juno Academy. It operates in Singapore, Vietnam and the Philippines; combined 2024 revenue was reported at about KRW 300 billion with EBITDA of about KRW 37 billion.
Deal rationale
Blackstone Korea PE head Kook Yu-jin said Blackstone would 'partner with visionary founders through its global scale, operating expertise and network'; Hankyung reported that global expansion potential was why Blackstone accepted the valuation. Per Dealsite, the process began as a minority sale to a domestic PE but the founder's son pushed for global investors to support overseas growth, turning it into a control deal; founder Kang Yoon-sun keeps 30% and remains CEO.
| Revenue | $207m |
| Operating income | — |
| EBITDA | $26m |
| Net income | — |
2024 연결 · Single report, unverified (not yet checked against DART)
Reported multiples
- EV/EBITDA 20.0x EV 약 8000억원, 2024년 5개사 합산 EBITDA 약 370억원 기준, '20배 넘는'으로 보도 source ↗
Press coverage
- 딜사이트 (2025-09-22): “준오헤어 지분 70%를 약 4000억원에 인수하는 최종 계약을 체결했다.”
- 한국경제 (2025-09-02): “업계에 따르면 매각가는 기업가치(EV) 기준 8000억원으로 알려졌다.”
- 헤럴드경제 (2025-09-01): “블랙스톤이 프리미엄 헤어케어 브랜드 준오헤어 경영권 인수 계약을 체결했다고 2일 밝혔다.”
- 딜사이트 (2026-01-20): “▲블랙스톤의 준오헤어 인수(8000억원)”
- SBS Biz (2025-09-02): “양측은 구체적인 금액을 밝히지 않았으나, 업계에서는 인수가가 최대 8천억원”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.