Affinity, BRV support Shinsegae e-commerce spin-out
Affinity Equity Partners and BRV Capital Management are supporting a spin-out of assets owned by South Korean retail conglomerate Shinsegae Group, which will see more than KRW1 trillion ($940 million) invested in a new e-commerce unit.
The agreement involves the online businesses of Shinsegae Department Store and E-mart, a discount store chain operator. Last year, the two businesses, Shinsegae Mall and E-mart Mall, each generated more...
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