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Mid-sized Korean groups pave way for PEFs' stalled exits kedglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kedglobal.com Daily Mail and Mail on Sunday newspapers.
(Courtesy of Taihan Electric Wire Co.) The $5.4 billion fund has completed five divestitures over the past six months, estimated to have produced a combined 1 trillion won in proceeds, including both the investment principal and capital gains. The firm s aggressive divestments were in contrast to other private equity firms in Korea, which have opted to sit back until their portfolio companies achieve higher valuations with the receding of the pandemic. IMM PE was founded in 2006 by Chief Executive I.J. Song, an accountant. It focuses on Korea and Korea-related investment opportunities, with 30 investment professionals TAIHAN ELECTRIC WIRE The exit deal for Taihan Electric Wire Co. highlighted IMM PE s turnaround strategy. IMM PE took over a 71.51% stake in the country s No. 2 electric wire manufacturer for around 300 billion won in 2015. The company s reckless business diversification had aggravated its financial conditions, landing in the hands of c ....
Shinsegae buys Korean online fashion mall from IMM PE kedglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kedglobal.com Daily Mail and Mail on Sunday newspapers.
tipFebruary 18, 2021 5 The Overhead Conductor Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2021 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Overhead Conductor market growth. The materials that conduct electricity are known as electric conductors. The medium used to carry electrical energy across two adjoining electricity network is called as overhead conductors. They easily travel from one atom to another atom with the help of voltage. Overhead conductors are utilized in electric power distribution and transmission to transmit electrical energy along with vast distances. The overhead conductor consists of one or more than one conductor suspended by poles or t ....
Taihan Electric Wire s cable products South Korea-based IMM Private Equity is set to announce shortlisted candidates for the sale of Taihan Electric Wire Co. next week. The deal has drawn attention from around 10 global business groups and private equity firms that have joined the race to acquire the country s second-largest electric wire maker. The company s largest shareholder IMM PE will be exiting five years after its initial investment in 2015. The PE firm plans to sell a 67.54% stake, including stakes held by its special-purpose company and Hana Bank, according to investment banking sources on Feb. 5. The deal will eventually depend on its price. Last month, the sell-side sold a 6.7% stake in Taihan Electric Wire in the over-the-counter market to attract buyers. The company’s share price, which stood at around 800 won last October, recently surged to around 1,400 won ($1.25). This pushed up the sale price, initially hovering around 700 billion won, to ....