Jong-kwan Park

Jan 16, 2025 | kedglobal.com | Jong-kwan Park

Affirma Capital, a Singapore-based private equity firm, turned Hwasung Cosmetics into an emerging original design manufacturer (ODM) for global beauty product brands through aggressive investment in research and development during the COVID-19 period and active marketing to overseas customers.

Jan 13, 2025 | kedglobal.com | Jong-kwan Park |Jun-ho Cha

Macquarie Asset Management has embarked on a process to sell off its full stake in South Korea’s third-largest industrial gas producer DIG Airgas Co. in what would be the country’s largest buyout deal this year. According to sources in the investment banking industry on Sunday, the asset management division of Australia’s Macquarie Group is expected to send out a letter this week to invite global IBs to join a bid to lead a deal to sell its 100% stake in DIG Airgas.

Jan 8, 2025 | kedglobal.com | Jong-kwan Park |Jun-ho Cha

The battle over Korea Zinc Inc.'s management control between Korea Zinc Chairman Choi Yun-birm and the Young Poong Corp.-MBK Partners alliance has been protracted for months, with the zinc and lead smelter’s shares fluctuating violently. Amid the hustle and bustle, Kim Kwang-il, vice chairman of MBK Partners, a private equity firm focused on Northeast Asia, sees Korea Zinc’s corporate value at 30 trillion won ($20.6 billion) in four years if the world’s No. 1 zinc smelter is properly managed.

Dec 10, 2024 | kedglobal.com | Jong-kwan Park |Ji-eun Ha

Affinity Equity Partners aims to develop the leading South Korean car rental companies into mobility service providers to create additional profitability, the head of the private equity firm’s operations in the country said on Monday. Affinity was selected as a preferred bidder to buy a 60.67% stake in Lotte Rental Co., South Korea’s top car leasing firm, in a deal estimated at around 1.5 trillion won ($1.1 billion) from troubled Lotte Group, investment banking industry sources said.

Dec 2, 2024 | kedglobal.com | Jong-kwan Park |Jun-ho Cha

Blackstone, Carlyle Group and MBK Partners have joined the race to purchase the bio business of CJ CheilJedang Corp., the world’s largest producer of feed amino acids, according to people familiar with the matter. Some four to five private equity groups, including the three buyout firms, will carry out due diligence on the bio division, worth an estimated 6 trillion won ($4.3 billion), of the largest food maker in South Korea.