Blackstone to Invest in South Korean Hair Care Business Juno (1)

Blackstone Inc. agreed to make a significant investment in South Korean premium hair care business Juno.

The US alternative asset manager will partner with Juno founder Yun-Seon Kang to help boost growth and global expansion, according to a statement on Tuesday. She will continue in her role as chief executive officer.

While the statement didn’t disclose financial terms of the deal, people familiar the matter said Blackstone is buying a majority stake in Juno in a deal valuing the company at about 800 billion won ($575 million).

A representative for Blackstone declined to comment on the terms, while Juno wasn’t ...