- The following is the state of the major M&A deals in 2020.
| Target | Seller | Sales Advisor | Related News |
|---|---|---|---|
| Asiana Airlines | Kumho Asiana Group, Korea Development Bank | Credit Suisse | Korean Air to buy virus-hit Asiana, emerge as world’s 10th-largest airline (Yonhap, November 16, 2020) |
| Doosan Infracore | Doosan Heavy Industries & Construction | Credit Suisse | Doosan Infracore’s excavator sales in China on roll this year (Yonhap, December 15, 2020) |
| In-flight Meal and Duty-free Businesses | Korean Air | – | Korean Air Sells In-flight Meal and Duty-free Businesses (Business Korea, August 26, 2020) |
| Kumho Resort | Kumho Asiana Group, Korea Development Bank | NH Investment & Securities, Deloitte Anjin | Six non-bidding offers for Kumho Resort, but potential buyers are still unconvinced (Capital Connect, December 11, 2020) |
| Eastar Jet | Eastar Holdings | Deloitte Anjin Yulchon, Heungkuk Securities | Eastar to find new owner after Jeju scraps deal (Yonhap, August 18, 2020) |
| CJ Rokin Logistics | CJ Group | Morgan Stanley | CJ Logistics to accelerate CJ Rokin bidding after strong buyer interest (Capital Connect, November 11, 2020) |
| SK Lubricants | SK Innovation | Citigroup Global Markets Korea Securities | S.Korea’s SK Innovation hires Citi for possible SK Lubricants sale (Reuters, August 13, 2020) |
| Heavy Industries & Construction | Korea Development Bank | Samil PwC | 3 consortia submit final bids for Hanjin Heavy (Yonhap, December 14, 2020) |
| JobKorea | H&Q Asia Pacific | Morgan Stanley | JobKorea seeks valuation of 750 billion won ahead of opening bidding round (Capital Connect, December 4, 2020) |
| IHQ | D’Live | Bank of America | On November 9, a consortium led by Sambon Electoronics signed a memorandum of understanding with D’Live creditors to buy IHQ. The acquisition is expected to be valued at about 100 billion won. |
| Lezhin Entertainment | Han Hee-sung Founder of Lezhin Entertainment) and others | – | Kidari Studio expected to buy Lezhin Entertainment in $224 mln deal (Capital Connect, November 13, 2020) |
| CJ Olive Young | – | Shinhan Investment, Credit Suisse | Hyundai eyes acquiring Olive Young stake (The Korea Times, Oct 23, 2020) |
| Shinhan Heavy Industries | Daewoo Shipbuilding & Marine Engineering and others | KPMG Korea | Sell-side due diligence is now being carried out. Preliminary bid for Shinhan is expected to take place in early 2021. |
| Women’s wear brands | E-Land Group | Samsung Securities | E-Land Group to phase out of women’s wear to focus on SPA, sportswear (Pulse, November 18, 2020) |
| EMC Holdings | Affirma Capital | Citigroup Global Markets Korea Securities, Standard Chartered Securities | SK E&C Takes over EMS Holdings to Enter Environmental Business (Business Korea, September 3, 2020) |
| Hyundai HCN | Hyundai Home Shopping | Credit Suisse | South Korea’s Fair Trade Commission (KFTC) will review the Share Purchase Agreement signed on October 13, 2020. |
| D’Live | D’Live creditors | Merrill Lynch | KT sole bidder for cable TV operator D’Live (Pulse, November 9, 2020) |
| Doosan Solus | Doosan Corp. | Samil PwC | Doosan inks preliminary deal to sell Doosan Solus (Yonhap, July 8, 2020) |
| Doosan Engineering & Construction | Doosan Heavy Industries & Construction | BDA Partners | Doosan speeds up disposal of affiliates but future still in the dark (The Korea Times, September 5, 2020) |
| AXA General Insurance | AXA Group | KPMG Korea | Kyobo poised to take over AXA General Insurance (The Korea Times, September 20, 2020) |
(Source: thebell)