Asia-focused private equity firm Baring Private Equity Asia (BPEA) has agreed to buy South Korean courier services provider Logen Logistics from Mirae Asset Private Equity, an international asset management firm, for roughly KRW160 billion (approximately US$139 million). The transaction will be structured through BPEA Fund V. Mirae Asset Private Equity acquired a 100 percent stake in Logen Logistics for KRW80 billion (approximately US$69 million) in December 2010.