近日，美国私募巨头黑石集团宣布，已和韩国高端护发公司JUNO达成投资协议。 根据黑石发布的信息，本次投资将通过黑石旗下私募股权基金完成。交易完成后，JUNO公司创始人姜允善（音译）将继续担任首席执行官，并与黑石共 同推动全球业务扩张。不过，本次交易金额尚未披露。 估值或达42亿 "韩版沙宣"获投 截自黑石集团官网 据了解，素有"韩版沙宣"之称的JUNO，近年来持续走红，2024年全年销售收入突破15亿元。伴随K-beauty文化影响力不断扩张并风靡欧美，JUNO也成功 吸引了国际资本的密切关注，那么，黑石到底看中了JUNO什么？ 而根据此前外媒报道，黑石计划收购JUNO公司（含旗下沙龙连锁品牌Juno Hair），交易估值预计达8000亿韩元（约合人民币41.6亿元），或创下今年韩 国美发行业最大投资。彼时参与竞购者还有KKR、TPG等多家全球私募基金。 JUNO引得资本关注，与其独特的商业模式不无关系。据其官网介绍，JUNO成立于1982年，是韩国头部美发沙龙连锁企业，拥有超过180家门店和3000余 名员工，并已连续10年蝉联韩国产业品牌影响力指数美发美容门店类冠军。 JUNO旗下有三大业务板块，分别是沙 ...

Core Viewpoint - The hair care market is becoming a significant opportunity for both domestic and international companies, with increasing investments and acquisitions in this sector [1][2][9]. Investment and Acquisition Activities - In 2023, notable acquisitions include L'Oréal's purchase of Color Wow and Kid's King's acquisition of the hair care brand Si Yu for 1.65 billion yuan [1]. - Blackstone is in negotiations to acquire Juno Hair, South Korea's largest high-end salon chain, for approximately 590 million USD (around 4.233 billion yuan), which would be one of the largest acquisitions in the personal care services industry in Korea [2][5][7]. Financial Performance and Valuation - Juno Hair reported sales of approximately 300 billion KRW (around 1.572 billion yuan) last year, with an EBITDA of 37 billion KRW (around 194 million yuan) [4]. - The proposed acquisition valuation for Juno Hair is over 20 times its EBITDA, which is considered unusually high for the Korean salon industry [2][5]. Market Growth and Trends - The global shampoo market is projected to grow from 34.46 billion USD (approximately 247.185 billion yuan) in 2023 to 56.54 billion USD (approximately 405.567 billion yuan) by 2032, with a compound annual growth rate (CAGR) of 5.71% [9]. - The Chinese hair care market has expanded from 43.39 billion yuan in 2017 to 65.5 billion yuan in 2023, with expectations to reach 82.79 billion yuan by 2027 [13]. Competitive Landscape - Major international beauty brands, including L'Oréal and Proya, are actively entering the hair care market, with L'Oréal's professional hair product division experiencing continuous sales growth [11][14]. - Domestic brands are focusing on launching new hair care products, with significant growth reported in high-end segments [14][17]. Emerging Opportunities - The scalp care segment is identified as a potential growth area, with a significant increase in consumer interest and market size for anti-hair loss products, projected to grow from 2.332 billion yuan in 2018 to 7.636 billion yuan in 2022 [18]. - Companies are shifting their focus from traditional hair care solutions to innovative scalp and hair management products, indicating a trend towards more specialized offerings in the market [17][18].