Twitter LinkedIn
    Saturday, February 4
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Private equity firms enter prelim bids for $6 bln stake in Hanon Systems
    Deals

    Private equity firms enter prelim bids for $6 bln stake in Hanon Systems

    June 23, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Private equity firms Carlyle Group CG.O and Bain Capital, as well as auto suppliers Valeo VLOF.PA and Mahle were among those that entered non-binding bids to buy a stake in South Korea’s Hanon Systems 018880.KS worth 6.6 trillion won ($5.81 billion) as of Tuesday, South Korean media reported.

    The bidders are looking into acquiring about a 70% stake of auto supplier Hanon Systems on sale by majority shareholder, local private equity firm Hahn & Company, as well as second-largest shareholder Hankook Tire & Technology Co Ltd 161390.KS, newspaper Korea Economic Daily reported on Tuesday citing unnamed investment banking sources.

    A spokesperson for Mahle declined comment. A spokesperson for Hanon Systems could not be immediately reached. Spokespeople for Carlyle, Bain and Valeo did not have an immediate response.

    Read more/Source: Nasdaq

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    EQT Infrastructure acquires Madison Energy Investments

    December 22, 2022

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Recent Rule Changes Spark New Wave of Private Equity Ownership in Pro Sports

    November 29, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    Warner Music acquires David Bowie’s songbook for about $250m

    January 4, 2022

    Sentinel Capital Partners recapitalises TranSystems

    April 2, 2021

    Colgate Energy plans first major U.S. oil producer IPO since 2018

    December 16, 2021

    KKR Announces First Debt Investment by KKR Real Estate Select Trust

    August 27, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?