Macquarie expands infrastructure presence in Korea with S&I deal Australia-headquartered firm picked as preferred buyer for S&I’s facility management unit
Translated by Ryu Ho-joung 공개 2021-11-15 08:10:14
이 기사는 2021년 11월 14일 16:16 thebell 에 표출된 기사입니다.
Macquarie Korea Asset Management has been named as the preferred buyer for the facility management business split off from S&I Corp, a wholly owned subsidiary of LG Corp, further expanding its infrastructure presence in South Korea.The deal is expected to be worth about 400 billion won ($339 million), with Macquarie and LG expected to sign a share purchase agreement as early as this month.
Macquarie is said to have studied S&I’s facility management unit for over a year. Deutsche Bank, law firm Kim & Chang and accounting firm Samjong KPMG are advising Macquarie on the deal.
Other notable infrastructure deals involving Macquarie this year include its acquisition of Haeyang Energy and Seorabeol City Gas. The Australia-headquartered firm purchased a 100% stake in the two energy companies from Glenwood Private Equity for 798 billion won this summer.
Macquarie last month agreed to acquire Deokyang, the country’s biggest producer and supplier of hydrogen, with the transaction expected to close as early as the end of 2021. In 2020 it also bought Daesung Industrial Gases, the country’s biggest industrial gas supplier, for 2.5 trillion won from MBK Partners.
The firm’s fifth South Korean infrastructure fund, Macquarie Korea Opportunities Fund (MKOF) V, will be used to partially fund the acquisition of S&I’s facility management business. MKOF V recently closed with commitments of 650 billion won. The fund will also invest about 200 billion won in Deokyang. With these two deals alone, more than 50% of the fund’s commitments will be drawn down.
MKOF III, which closed at 745 billion won in 2014, also invested in diverse companies in the energy and infrastructure sectors, including Daejeon Cogeneration Plant, Clenco, Koentec, Saehan Environment and Horizon Taeyoung Korea Terminals. (Reporting by Seon-young Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 현대건설, '힐스테이트 죽림더프라우드' 분양 중
- [Red & Blue]새내기주 한싹, 무상증자 수혜주 부각
- 아이티센, 일본 IT서비스 시장 공략 '잰걸음'
- 소니드로보틱스, 온디바이스 비전 AI ‘브레인봇’ 공개
- (여자)아이들 '우기’, 초동 55만장 돌파 '하프밀리언셀러'
- [ICTK road to IPO]미국 국방산업 타깃, 사업 확장성 '눈길'
- [Red & Blue]'500% 무증' 스튜디오미르, IP 확보 '성장동력 발굴'
- [코스닥 주총 돋보기]피엔티, 이사회서 드러난 '중국 신사업 의지'
- [thebell note]XR 기술의 사회적 가치
- [Rating Watch]SK하이닉스 글로벌 신용도 상향, 엔비디아에 달렸다?