PE firms lose out in bid for Samsung’s procurement arm
Online shopping mall operator Interpark has been named the preferred bidder for Samsung Group’s procurement arm iMarketKorea, beating private equity bidders including KKR and MBK Partners. The Interpark was previously said to be leading a consortium of investors, including private equity firm H&Q
The nine Samsung affiliates that together hold a 58.7% stake in the firm plan to hold a board meeting to approve the selection, Reuters reported, citing local media. Based on iMarketKorea's trading price...
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