Korea's ACE Equity buys stake in semiconductor testing player
ACE Equity Partners, a Korean private equity firm that operates on a project fund basis, has agreed to invest KRW205 billion ($174 million) in local semiconductor testing specialist Tesna.
The GP will acquire approximately 2.1 million shares from existing shareholders for KRW50,000 apiece, according to a filing. It will also subscribe to 1.16 million newly issued shares at a price of KRW43,091...
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