Nasdaq-listed global investment firm Carlyle has agreed to acquire up to 100% of Chung Ho Group, a leading Korean home and healthcare appliance ( HHA ) rental platform.

Equity for the investment will come from investment funds affiliated with Carlyle Asia Partners ( CAP ), its Asia buyout platform. The transaction is between Carlyle and the members of the Joung family, the company’s current shareholders. Terms of the deal were not disclosed.

Founded in 1993 by its late chairman Dr H.D. Joung, Chung Ho has evolved from a water purifier manufacturer into a vertically integrated HHA rental platform, with operations spanning finished-product rental, filter and component manufacturing, and in-house installation and after-sales services.

The company serves a large, recurring customer base through a nationwide service network. It has built a strong reputation for innovation in premium water purifiers, air purifiers, bidets, mattresses, and other HHA products.

Carlyle believes Chung Ho is well-positioned to benefit from long-term consumer demand for health and wellness-related home appliances and the continued adoption of subscription-based products and services.

Carlyle intends to support the company by investing further in its brand as well as product innovation capabilities to continue providing customers with reliable, high-quality services.

Icksoo Jung, head of Carlyle Korea for CAP, comments: “This succession‑driven investment underscores Carlyle’s ability to provide solutions in complex ownership and succession transitions for founder‑led businesses in Korea. Carlyle has a deep understanding and strong expertise in navigating such transitions, which we believe will become increasingly important in the Korean market.”

The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals and closing conditions.

Carlyle has a long-standing presence in Korea, having invested more than US$4 billion in the market over the past two decades. Notable investments in Korea include ADT Caps, KB Financial Group, Kakao Mobility, A Twosome Place, Hyundai Glovis, and KFC Korea.