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.
KTB Investment & Securities Co. Ltd. and the Military Mutual Aid Association’s (MMAA) investment firm have recently closed a 91.5 billion won ($82 million) fund to acquire an Airbus A330-300 model for lease to Singapore Airlines. The South Korean brokerage&hellip
The National Pension Service (NPS) will further increase the proportion of overseas investment with a higher share of global equities, according to its asset allocation plan for the 2017-2022 period. Global equities will make up around 25% by end-2022, versus&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip