Morgan Stanley in control deal for Korean paper maker
Morgan Stanley Private Equity Asia (MSPEA) has agreed to buy a majority stake in South Korean bathroom tissue producer Monalisa for KRW91.4 billion ($84.2 million). The seller is Kwang-ho Kim, the company’s CEO, who will also exit two unlisted entities to the private equity firm.
According to a regulatory filing, MSPEA will buy 24.1 million shares in Monalisa for KRW3,785 apiece, taking the 66% interest held by Kim and his affiliates. The unlisted entities are Monalisa Daejeon...
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