The stake is one that Dongbu Group handed over to a group of financial investors to raise funds of 135.6 billion won when it acquired Daewoo Electronics in 2013. At present, the stake is held by KTB Private Equity and SBI Private Equity.
According to industry sources on March 14, Aucma and Jabez Partners launched a negotiation with Dongbu Group and financial investors to take over the 49.4-percent stake in Dongbu Daewoo Electronics. The price of the stake is estimated at 180 billion won.
The remaining 50.6-percent stake is held by Dongbu HiTek (18.4%), Kim Joon-ki, chairman of Dongbu Group (9.2%), Dongbu Corp. (6.6%), and Dongbu Lightec (1.8%). At present, Dongbu Daewoo Electronics runs a total of six production units and 30 sales units in about 40 countries worldwide.
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip
Four South Korean institutional investors will acquire 100 billion won ($88 million) worth of senior debts secured on two US gas-fired power plants from CIT Bank, in a rare secondary debt investment for domestic investors. The unidentified Korean institutions, including insurance&hellip