• The following is the state of the major M&A deals in 2020.
TargetSellerSales AdvisorRelated News
Asiana AirlinesKumho Asiana Group, Korea Development BankCredit SuisseKorean Air to buy virus-hit Asiana, emerge as world’s 10th-largest airline (Yonhap, November 16, 2020)
Doosan InfracoreDoosan Heavy Industries & ConstructionCredit SuisseDoosan Infracore’s excavator sales in China on roll this year (Yonhap, December 15, 2020)
In-flight Meal and Duty-free BusinessesKorean AirKorean Air Sells In-flight Meal and Duty-free Businesses
(Business Korea,  August 26, 2020)
Kumho ResortKumho Asiana Group, Korea Development BankNH Investment & Securities, Deloitte AnjinSix non-bidding offers for Kumho Resort, but potential buyers are still unconvinced (Capital Connect, December 11, 2020)
Eastar JetEastar HoldingsDeloitte Anjin Yulchon, Heungkuk SecuritiesEastar to find new owner after Jeju scraps deal
(Yonhap, August 18, 2020)
CJ Rokin LogisticsCJ GroupMorgan StanleyCJ Logistics to accelerate CJ Rokin bidding after strong buyer interest (Capital Connect, November 11, 2020)
SK LubricantsSK InnovationCitigroup Global Markets Korea Securities S.Korea’s SK Innovation hires Citi for possible SK Lubricants sale (Reuters, August 13, 2020)
Heavy Industries & ConstructionKorea Development BankSamil PwC3 consortia submit final bids for Hanjin Heavy (Yonhap, December 14, 2020)
JobKoreaH&Q Asia PacificMorgan StanleyJobKorea seeks valuation of 750 billion won ahead of opening bidding round (Capital Connect, December 4, 2020)
IHQD’LiveBank of AmericaOn 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 EntertainmentHan Hee-sung Founder of Lezhin Entertainment) and othersKidari Studio expected to buy Lezhin Entertainment in $224 mln deal (Capital Connect, November 13, 2020)
CJ Olive YoungShinhan Investment, Credit SuisseHyundai eyes acquiring Olive Young stake (The Korea Times, Oct 23, 2020)
Shinhan Heavy IndustriesDaewoo Shipbuilding & Marine Engineering and othersKPMG KoreaSell-side due diligence is now being carried out. Preliminary bid for Shinhan is expected to take place in early 2021.
Women’s wear brandsE-Land GroupSamsung SecuritiesE-Land Group to phase out of women’s wear to focus on SPA, sportswear (Pulse, November 18, 2020)
EMC HoldingsAffirma CapitalCitigroup Global Markets Korea Securities, Standard Chartered SecuritiesSK E&C Takes over EMS Holdings to Enter Environmental Business (Business Korea, September 3, 2020)
Hyundai HCNHyundai Home ShoppingCredit SuisseSouth Korea’s Fair Trade Commission (KFTC) will review the Share Purchase Agreement signed on October 13, 2020.
D’LiveD’Live creditorsMerrill LynchKT sole bidder for cable TV operator D’Live (Pulse, November 9, 2020)
Doosan SolusDoosan Corp.Samil PwCDoosan inks preliminary deal to sell Doosan Solus (Yonhap, July 8, 2020)
Doosan Engineering & ConstructionDoosan Heavy Industries & Construction BDA PartnersDoosan speeds up disposal of affiliates but future still in the dark (The Korea Times, September 5, 2020)
AXA General InsuranceAXA GroupKPMG KoreaKyobo poised to take over AXA General Insurance (The Korea Times, September 20, 2020)

(Source: thebell)