ICG invests $200m in Korean injection molding company
Intermediate Capital Group (ICG) has invested $200 million for a substantial minority stake in Yudo China Holdings, a Korea-headquartered plastic injection molding specialist, as part of efforts to consolidate the business ahead of an IPO.
This will be the fifth investment from ICG’s third Asia fund, which closed last year at $691 million. Following this transaction, it will be 60% deployed. Additional contributions will come from co-investors...
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