Deals
M&As
Orchestra PE seeks to sell Majesty Golf for around $275 mn
Majesty Golf Royale club set South Korea-based Orchestra Private Equity has placed Majesty Golf Co., a premium golf equipment maker and distributor, on the market. Industry watchers see this is as great timing given the sport's recent rise in
Dec 17, 2020 (Gmt+09:00)
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M&As
SK in talks to buy French biologics contract manufacturer
Courtesy of Yposkesi SK Holdings is in the early stages of negotiations to acquire France’s biologic contract manufacturing organization (C...
Dec 17, 2020 (Gmt+09:00)
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Pre-IPOs
Korean beauty chain draws Goldman, five domestic final bidders
Goldman Sachs Principal Investment Area (PIA) and five South Korean companies, including four private equity firms, have made final bids for a...
Dec 16, 2020 (Gmt+09:00)
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Pension funds
Ontario Teachers invests in Korean fried chicken brand valued at $1.7 bn
The Ontario Teachers' Pension Plan (OTPP) has agreed to invest 300 billion won ($275 million) in South Korea’s leading fried chicken bra...
Dec 16, 2020 (Gmt+09:00)
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Bond issues
KDB seeks up to $1 bn global bond issue in mid-Jan
Korea Development Bank (KDB) is planning to raise between $500 million and $1 billion in a dollar bond sale in mid-January, set to become the fi...
Dec 15, 2020 (Gmt+09:00)
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Shipbuilders
Three Korean consortiums in final bid for Hanjin Heavy
Hanjin Heavy Industries' Yeongdo Shipyard in Busan, South Korea South Korea’s Hanjin Heavy Industries & Construction Co. has drawn thre...
Dec 14, 2020 (Gmt+09:00)
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PEFs
CVC, TPG and Affinity Equity in bidding for JobKorea
JobKorea CEO Yoon Byung-jun CVC Capital Partners, TPG Capital and Affinity Equity Partners are among 10 preliminary bidders for the entire stake ...
Dec 14, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor says group chief to buy 20% of Boston Dynamics
Hyundai Motor Group Chairman Chung Euisun took the helm in October 2020. (Graphics by Jerry Lee) Hyundai Motor Group Chairman Chung Euisun has ag...
Dec 11, 2020 (Gmt+09:00)
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M&As
Hyundai Heavy tapped for Doosan Infracore purchase
Doosan Infracore excavator A few months after announcing plans to sell a 36.07% controlling stake, Doosan Infracore Co. has found its new home in...
Dec 10, 2020 (Gmt+09:00)
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Future Mobility
Hyundai Motor acquires Boston Dynamics from SoftBank for almost $1 bn
Hyundai Motor Co. has decided to acquire the US robotics firm Boston Dynamics Inc. from SoftBank Group for slightly less than 1 trillion won ($9...
Dec 09, 2020 (Gmt+09:00)
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Personal pensions
Korea’s personal pensions gamble with risky stocks for higher returns
South Korea’s individual pension fund holders are moving their money out of banks and insurance companies into brokerages in pursuit of hi...
Dec 08, 2020 (Gmt+09:00)
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M&As
Carlyle in final-stage talks to buy Korea’s No. 2 bakery chain
The Carlyle Group is in final stages of talks to buy South Korea’s No. 2 bakery chain Tous Les Jours from the country’s food and ent...
Dec 07, 2020 (Gmt+09:00)
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PEFs
MBK looks to exit China’s Apex Logistics for $1 bn
MBK Partners has begun the process to sell Apex Logistics, China’s leading air freight company, for about 10 times the amount of its inves...
Dec 04, 2020 (Gmt+09:00)
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M&As
Kakao Page to merge with Kakao M ahead of 2021 IPO
Kakao Page, popular mobile app offering original webtoons and web novels South Korea's largest mobile app operator Kakao Corp. is working to merg...
Dec 03, 2020 (Gmt+09:00)
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PEFs
MBK buys $228 mn stake in China’s No. 1 car rental firm
Beijing West Second Ring Road Financial Street (Courtesy of Getty Images Bank) MBK Partners has now become the second-largest shareholder in both...
Dec 03, 2020 (Gmt+09:00)
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IPOs
SK Bioscience begins listing process; enterprise value near $3 bn
South Korean President Moon Jae-in visits SK Bioscience to learn about COVID-19 vaccine development South Korea’s SK Bioscience Co., set to...
Dec 03, 2020 (Gmt+09:00)
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Hotel deals
Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal
Mirae Asset headquarters in central Seoul Mirae Asset Global Investments Co. will be able to recover a $580 million deposit it paid to Anbang Ins...
Dec 01, 2020 (Gmt+09:00)
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Airline acquisition
Seoul court clears way for Korean Air’s $1.6 bn Asiana deal
Korean Air Lines Co. will push ahead with its planned $1.6 billion acquisition of debt-laden Asiana Airlines Inc., the company said, after a Seo...
Dec 01, 2020 (Gmt+09:00)
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M&As
Celltrion finalizes $278mn acquisition of Takeda's primary care assets
South Korea's biopharmaceutical firm Celltrion Inc. has completed the $278 million acquisition of Takeda Pharmaceutical Company Ltd's primary ca...
Dec 01, 2020 (Gmt+09:00)
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M&A Deal briefs
IMM Private Equity to set up operation-focused unit
Sang-eun Lucia Lee This is the first in our bi-weekly Deal briefs series, covering the latest M&A deals and key events in South Korea’s...
Dec 01, 2020 (Gmt+09:00)
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Stake sale
Global oil refiners, local PEs among 7 bidders for SK Lubricants stake
SK Lubricants CEO Cha Gyu-tak unveils a new company slogan 'Make It Move, Make It Green' in October. Global oil refiners, strategic investors and...
Nov 30, 2020 (Gmt+09:00)
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PEFs
PEFs gaining clout in Korea’s broader M&A sectors
Private equity firms have been leading South Korea’s mergers and acquisitions markets in a broader range of sectors in recent years, repre...
Nov 30, 2020 (Gmt+09:00)
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Oil money
Saudi crown prince to be top shareholder of Seoul-listed gaming firm
SNK Corp.'s King of Fighters The Crown Prince of Saudi Arabia Mohammed bin Salman has agreed to buy 240 billion won ($217 million) worth of...
Nov 27, 2020 (Gmt+09:00)
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Airline restructurings
S.Korea's airline restructuring hits turbulence with activist fund opposition
South Korea’s airline restructuring is experiencing some turbulence after an activist group has filed an injunction threatening the propos...
Nov 27, 2020 (Gmt+09:00)
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Sovereign bonds
KRW bonds favored amid rekindled interest in riskier assets
Yeouido, the financial hub of South Korea SINGAPORE -- Global investors are returning to emerging market debt, including Korean won bonds, as the...
Nov 26, 2020 (Gmt+09:00)
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IPOs
Korea's top craft brewer seeks junior Kosdaq listing
Jeju Beer Co., South Korea's No. 1 craft beer maker, is preparing to become the country's first craft brewery to go public, buoyed by the rapid ...
Nov 24, 2020 (Gmt+09:00)
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M&As
Hyundai Heavy endures to be likely buyer of Doosan Infracore
Hyundai Heavy Industries Holdings Co., the world's largest shipbuilder, is one step closer to acquiring a 36.07% controlling stake in Doosan Infracore...
Nov 24, 2020 (Gmt+09:00)
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Pre-IPOs
Goldman Sachs joins race for Korea’s beauty store chain
Goldman Sachs Principal Investment Area (PIA) has entered the race for a stake in South Korea’s health and beauty franchise CJ Olive Young, beco...
Nov 23, 2020 (Gmt+09:00)
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IPOs
S. Korean COVID-19 test kit maker eyes listing next year
SD Bio Sensor, Inc., a South Korea-based manufacturer of COVID-19 test kits, is pushing to go public early next year, drawing market attention as a st...
Nov 19, 2020 (Gmt+09:00)
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Pre-IPOs
Anchor Equity, TPG invest $500 mn in Korean mobile banking app
Hong Kong-based Anchor Equity Partners has agreed to invest 250 billion won ($226 million) to buy new shares in South Korea’s KakaoBank, shortly...
Nov 17, 2020 (Gmt+09:00)
