SCPE takes 49% stake in Doosan Industrial Vehicle
Standard Chartered Private Equity (SCPE), has taken 49% stake in South Korea’s largest forklift manufacturer Doosan Industrial Vehicle (DIV) for undisclosed sum. Sources indicate the deal is worth about $230 million.
The forklift unit was spun out from construction equipment maker Doosan Infracore and the parent company will retain a controlling 51% stake in DIV. SCPE is said to have entered the fray because Doosan...
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