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Heirless private SMEs flooding S Korea s M&A market

Heirless, baby boomer SME owners in search of buyers As baby boomer owners are retiring, their offspring opt to inherit cash instead of family business By An automotive parts plating plant in Incheon, South Korea The son of a South Korean manufacturing company s owner, with a Ph.D degree in engineering, has refused to take over his father s business and instead chose to work for an IT company. The daughter of another small Korean manufacturer s founding family is demanding cash instead of shares in her father’s company because she wants to continue her career as a professional doctor. The two companies are among the small to medium-sized enterprises (SMEs) whose founding families have recently asked a top accounting firm to find buyers.

Mid-sized Korean groups pave way for PEFs stalled exits

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.

GIC set to buy stake in Starbucks Korea for $700 mn

GIC set to buy stake in Starbucks Korea for $700 mn The sovereign wealth fund may consider Starbucks Korea s IPO as an exit option By Singapore s sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse chain s parent company for 800 billion won ($700 million), according to investment banking sources. As part of the upcoming deal, Seattle-based Starbucks Corp. is selling its remaining 20% stake in the South Korean joint venture to E-Mart Inc. which will eventually end up with a 70% stake in Starbucks Korea. E-Mart is Shinsegae Group s supermarket chain. 

Apparel retailer F&F joins in $1 7 bn TaylorMade deal

Apparel retailer F&F joins in $1 7 bn TaylorMade deal
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.

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