Macquarie PE acquires minority stake in LG CNS Independent directors recommended by Macquarie PE are to be appointed early next year
Translated by Ryu Ho-joung 공개 2019-12-13 08:00:00
이 기사는 2019년 12월 13일 08:00 thebell 에 표출된 기사입니다.
Macquarie Korea Opportunities Investment (Macquarie PE) has acquired a 35 percent stake in LG CNS, an information and communications technology solutions affiliate of LG Group, aiming to raise enterprise value before pursuing the company’s listing in the coming years, which could be one of available exit routes for the private equity firm.Macquarie PE has signed a deal to buy 35 percent of LG CNS from LG Corp last week, sources familiar with the matter said on Monday. This came after LG Corp announced its decision to sell a minority stake with an aim to enhance business competitiveness earlier this year.
With the sale, LG Corp’s stake in LG CNS has reduced to around 50 percent from 85 percent, though it is still the affiliate’s largest shareholder. Macquarie PE, now the second largest shareholder of LG CNS, has gained board seats to play its role in adding the company’s value.
In its recent regular organization overhaul, LG Group has realigned business units of both LG Corp and LG CNS, which involved personnel changes. Two independent board members recommended by Macquarie PE are expected to be appointed at the beginning of next year when the transaction completes. This would likely improve board efficiency as well as transparency, given that currently LG CNS’ board of directors consists of three members without any independent directors.
LG CNS provides system integration services and IT solutions to enterprise customers. It has a stable revenue base, with sales from transactions with its affiliates, including LG Electronics and LG Uplus, accounting for more than 60 percent of the company’s 2018 revenue. Partnership with Macquarie PE is part of efforts by the company to find future growth engines.
LG CNS is particularly focusing on areas like smart cities, smart factories and renewable energy infrastructure, seeking to make headway into overseas markets. These are exactly the specialized areas of Macquarie PE, which is working on integrating next generation technologies – such as AI, 5G and IoT – into its portfolio companies, raising the expectation of synergy between the two parties.
Macquarie PE reportedly submitted its proposal to LG Group, which contains its plan to raise LG CNS to a global player in system integration markets by leveraging its expertise and experience.
(By reporter Kim Hye-ran)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- CJ그룹, 글랜우드PE에 판 CJ올리브영 지분 되사온다
- 고려아연, 강남 영풍빌딩 떠난다…행선지는 종로구
- 태광·트러스톤, 대타협…주주제안 모두 수용
- 송영록 메트라이프 대표 "본사 차원 MS AI 활용 논의"
- [저축은행 이사회 돋보기]SBI저축 사내이사진, 홀딩스 영향력 '주목'
- [보험사 IFRS17 조기도입 명암]라이나생명, 보장성 집중해 쌓은 킥스 300% '철옹성'
- [보험사 IFRS17 조기도입 명암]MG손보, 대체투자·실적 악화로 킥스비율 하락세
- [보험사 IFRS17 조기도입 명암]미래에셋생명, 이유 있는 자신감…순익·지급여력 껑충
- [저축은행 이사회 돋보기]SBI저축, 이사회 의장직 이어온 '홀딩스 이사진'
- [보험사 IFRS17 조기도입 명암]삼성생명, 부채감소 효과 톡톡…건전성 높아졌다