The Carlyle Group has agreed to buy a 33.5 percent stake in Hyundai’s cable TV unit for about $168.6 million, from Hyundai Department Store Co. Ltd.

The investment company has been wheeling and dealing in the global broadband market. In August, the Carlyle Group and Providence Equity Partners (PEP) acquired UPC Sweden from Liberty Media for $427 million. Those two firms, with another partner, GMT, sold Dutch cable provider Casema for $2.6 billion to Multikabel in July. The Carlyle Group also backed Insight when it went private at the end of last year.

The South Korean department store said it turned to the Carlyle Group for its expertise in broadband, as well as for the investment capital.