IMM Private Equity s star player Eugene Kim, CEO at Hanssem since August, has become the private equity firm s first female partner, the company announced Friday.
Hanssem, the country s largest furniture and home furnishing company, appointed Eugene Kim as the new CEO to improve profitability and foster a rebound, an industry official said, Wednesday.
IMM Private Equity (PE) launched a tender offer Thursday to purchase an additional 7.7 percent stake in Hanssem, or 1.81 million shares, aiming to increase its stake in the home furnishing company to 36 percent from the current 28.2 percent.
IMM PE set for large investments after successful divestments
Posted : 2021-04-05 15:54
By Park Jae-hyuk
Attention is being focused on the next investment target of IMM Private Equity (IMM PE), as the domestic private equity firm (PEF) completed successful divestments last week from W Concept and Taihan Electric Wire.
The PEF and Citigroup Global Markets Securities, the underwriter for the sale of W Concept, selected Shinsegae Group s e-commerce unit SSG.com as the preferred bidder to acquire the womenswear fashion platform, Thursday, and signed a share purchase agreement.
SSG.com will take over a full stake in W Concept ― 80 percent held by IMM PE and 20 percent held by ISE Commerce ― after the Fair Trade Commission approves the merger deal.