This is a result of its strong effort to reorganize its business structure, among others, the acquisition of Cape Investment & Securities (formerly LIG Investment & Securities). Cape is also looking for another M&A opportunities.
According to industry sources on March 13, Cape Industries posted consolidated sales of 122.1 billion won last year, up 532.6 percent from a year ago. Its operating profit amounted to 6.1 billion won last year, a turnaround after three years of losses.
Its financial performance greatly improved last year thanks to the incorporation of Cape Investment & Securities as its subsidiary. Cape Investment recorded a net profit of 11.7 billion won last year, up 41.2 percent year on year. At present, Cape runs a total of nine subsidiaries, including a social casino game firm Socialinus.
Private equity firm KKR & Co. and the Public Officials Benefit Association (POBA) have put two commercial buildings in South Korea up for sale separately, in transactions expected to fetch a combined $1 billion and in what would be KKR’s&hellip
The Public Officials Benefit Association (POBA) will select two to three US private debt fund houses to make senior secured, direct lending of around $150 million to US mid-market companies with sales of $50 million to $1 billion. The amount&hellip
The Carlyle Group has offered 1.9 trillion won ($1.7 billion) in pre-arranged debt financing to potential bidders of its wholly-owned ADT Korea, in a move seen aimed at speeding up the sale of the country’s No. 2 securities service firm.&hellip