Emerging markets-focused alternative asset manager The Rohatyn Group (TRG) has agreed to sell South Korean fried chicken restaurant franchisor BHC Group back to its founder in a transaction that reportedly values the company at KRW600 billion (approximately US$536 million). NH Investment & Securities is providing debt financing to facilitate the sale while North Asia-focused private equity fund manager MBK Partners’ credit and special situations unit will cover the mezzanine tranche. Citi Venture Capital International (CVCI), which was later acquired by TRG, invested US$100 million for a majority stake in BHC in 2013.