KKR commits $723m to Korean shipping services business
KKR has made a pre-IPO investment of KRW800 billion ($723 million) in Hyundai Global Service (HGS), the aftersales marine services arm of Korean shipbuilder Hyundai Heavy Industries Holdings (HHIH).
The private equity firm has agreed to take a 38% stake at a valuation of approximately KRW2 trillion, according to a statement. The commitment comes from its Asia private equity fund. KKR is currently...
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