IMM PE invests $190m in Korean cable TV operator T-Broad
IMM Private Equity has acquired an approximately 21% stake in T-Broad Holdings, South Korea’s second-largest cable operator by subscriber numbers, for KRW200 billion ($190 million).
The deal is structured as two tranches - KRW100 billion in common stock and KRW100 billion in convertible preferred shares - and values the company at a price-to-earnings (P/E) ratio of less than 10x....
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