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Korea Corporate Governance Improvement Fund (KCGI) plans to acquire Meritz Asset Management, as it was recently selected as a preferred bidder by Meritz Financial Group and NH Investment & Securities, the manager for the sale.
Edelman represents Amgen as it moves to acquire Horizon Therapeutics
Macquarie Asset Management was revealed to have been among the few potential buyers that participated in the main bid to acquire LOCA Mobility, a subsidiary of Lotte Card. LOCA Mobility operates various traffic solution services, including pre-paid cards, city bus management systems (BMS) and bus information systems (BIS).
Korea's first-generation venture capital firm Daol Investment, formerly known as KTB Network, has been put up in the M&A market, as its parent company aims to secure liquidity amid market uncertainties.
Due to the soaring global interest rates and concerns over a recession, private equity firms (PEFs) are finding it hard to make successful exits from some of the projects they previously invested in within their portfolios. That's because unfavorable external factors, including curtailed asset prices, slashed corporate valuations, the bearish moves of stock markets and slowed M&A transactions due to the increased costs of financing, are all wreaking havoc on the PEFs in their search for potential buyers to make successful exits from some of their long-held companies.