Blackstone is in advanced negotiations to acquire Juno Hair, South Korea's largest premium salon group, for $590 million, aiming to leverage its growth potential beyond its domestic market.

Information on the Target

Juno Hair is the largest premium salon group in South Korea, boasting over 180 salons and a workforce of more than 3,000 employees. Founded in 1982, the company has established itself as a prominent name in the beauty industry, known for its direct ownership model and an in-house stylist training academy. These elements have enabled Juno Hair to maintain high service quality and foster a loyal customer base.

In the previous year, Juno Hair reported revenues of approximately 300 billion won, with an EBITDA of 37 billion won. The anticipated acquisition by Blackstone, valued at $590 million, implies a valuation exceeding 20 times EBITDA, which is considered a premium in Korea’s salon franchise sector. This indicates Blackstone's confidence in Juno Hair's potential for scalability beyond South Korea.

Industry Overview in South Korea

The beauty services industry in South Korea is highly fragmented, composed of numerous small to medium-sized salon operators. Despite the vast numbe