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TPG completes Lotte Rental acquisition

PUBLIC · TPGOct 30, 2026

Acquiring Company

TPG

Acquired Company

Lotte Rental

SomervilleSouth KoreaReal EstateReal Estate InvestmentReal EstateRental

Description

Lotte Group has completed the sale of Lotte Rental to TPG. The transaction transfers control of the car rental business from Lotte Group to the investment firm.

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Company Information

Company

TPG

Location

Creek Street

Somerville, Pennsylvania, United States

About

TPG Inc. operates as a leading global alternative asset firm with a focus on investment management across various sectors. The company engages in private equity, growth capital, and real estate investments, targeting a diversified portfolio that spans multiple industries and geographies. TPG is known for its strategic emphasis on creating long-term shareholder value and aligning its executive compensation with performance metrics to ensure accountability. Recent initiatives include significant long-term incentive awards to top executives, aimed at retention and incentivizing strong future performance. TPG’s investment philosophy revolves around a commitment to sustainability and responsible investing across the markets it serves.

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Frequently asked

Who acquired Lotte Rental?

Lotte Rental was acquired by TPG, based in Somerville. The deal was reported on October 30, 2026. TPG Inc. operates as a leading global alternative asset firm with a focus on investment management across various sectors. 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 October 30, 2026. Lotte Group has completed the sale of Lotte Rental to TPG. The transaction transfers control of the car rental business from Lotte Group to the investment firm. 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.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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