Acquiring Company
TPG
Acquired Company
Lotte Rental
Somerville
South KoreaReal EstateReal Estate InvestmentReal EstateRentalDescription
TPG is set to acquire Lotte Rental Co., South Korea's largest car-rental operator, for $920 million in an all-equity deal. This acquisition reflects TPG's strategy to expand its investment portfolio in the transportation sector. Lotte Rental is currently facing competition from Hankook & Company, which is considering a late bid. This deal highlights the competitive landscape of the car rental market in South Korea.
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Based on deal dataFrequently asked
Who acquired Lotte Rental?
Lotte Rental was acquired by TPG, based in Somerville. The deal was reported on August 11, 2026. Form Energy is developing a new class of cost-effective, multi-day energy storage systems that will enable a reliable and fully-renewable electric grid year-round. TPG is publicly traded (TPG) and operates in Real Estate.
When did TPG acquire Lotte Rental?
TPG's acquisition of Lotte Rental was reported on August 11, 2026. TPG is set to acquire Lotte Rental Co., South Korea's largest car-rental operator, for $920 million in an all-equity deal. This acquisition reflects TPG's strategy to expand its investment portfolio in the transportation sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lotte Rental do?
Lotte Rental is South Korea's leading car rental and leasing company. It provides a wide range of vehicle rental and leasing services to customers. The company is a subsidiary of the larger Lotte Group, which is involved in various sectors. It is privately held, operating in Real Estate, and is based in South Korea.