IMM agrees $124m exit from Korea's Hollys Coffee
IMM Private Equity is set to exit its approximately 94% stake in Korean food and beverage chain Hollys Coffee to local digital payments services provider KG Inicis for KRW145 billion ($124 million).
KG Inicis is controlled by KG Group, which also owns KFC Korea. The KOSDAQ-listed company will acquire Hollys in an all-cash transaction, according to a filing. Rival bidders reportedly included SPC Group,...
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