Acquiring Company
Texas Pacific Group
Acquired Company
Lotte Rental
San Francisco
South KoreaFinancial ServicesReal EstateReal Estate InvestmentLendingReal EstateRentalDescription
The Korea Fair Trade Commission has approved Texas Pacific Group's acquisition of Lotte Rental, the top car rental company in South Korea. This acquisition marks the end of Lotte Rental's 11-year affiliation with Lotte Group. The commission determined there were no concerns about competition, as the firms operate in unrelated industries. TPG is now set to gain managerial control without any monopolistic implications.
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Based on deal dataFrequently asked
Who acquired Lotte Rental?
Lotte Rental was acquired by Texas Pacific Group, based in San Francisco. The deal was reported on September 1, 2026. Texas Pacific Group (TPG) is a leading global private equity firm. It specializes in leveraged buyouts and growth capital investments. Texas Pacific Group is privately held and operates in Financial Services.
When did Texas Pacific Group acquire Lotte Rental?
Texas Pacific Group's acquisition of Lotte Rental was reported on September 1, 2026. The Korea Fair Trade Commission has approved Texas Pacific Group's acquisition of Lotte Rental, the top car rental company in South Korea. This acquisition marks the end of Lotte Rental's 11-year affiliation with Lotte Group. 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.
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