Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

It was reported today in the local media that MBK Partners plans to sell <a href="https://www.mk.co.kr/news/stock/view/2019/05/317527/" target="_blank">Doosan Machine Tools</a> (DMT), which is estimated to be valued about 2.5 trillion won to 3 trillion won. MBK owns a 100% stake in Doosan Machine Tools which specializes on manufacturing high precision machines and machine tools for various industries including auto, aerospace, telecom, and energy. In 2016, MBK purchased Doosan Machine Tools for 1.1 trillion won, including 0.43 trillion won in equity financing and 0.7 trillion won in debt financing. The timing of this sale of Doosan Machine Tools is interesting since this is happening at a time when it appears that MBK may also be very interested in acquiring NXC Corp. One of the key competitors of Doosan Machine Tools is <a href="https://www.smartkarma.com/entities/12283" target="_blank" data-smartkarma-citation="entities:12283:1">Hyundai Wia (011210 KS)</a>. Despite the poor share price performance of Hyundai Wia in the past five years, its share price is up 20% YTD. With Doosan Machine Tools that is now up for sale, there may be a greater spotlight on Hyundai Wia as well.

It was reported today in the local media that MBK Partners plans to sell Doosan Machine Tools (DMT), which is estimated to be valued about 2.5 trillion won to 3 trillion won. MBK owns a 100% stake in Doosan Machine Tools which specializes on manufacturing high precision machines and machine tools for various industries including auto, aerospace, telecom, and energy. In 2016, MBK purchased Doosan Machine Tools for 1.1 trillion won, including 0.43 trillion won in equity financing and 0.7 trillion won in debt financing. The timing of this sale of Doosan Machine Tools is interesting since this is happening at a time when it appears that MBK may also be very interested in acquiring NXC Corp. One of the key competitors of Doosan Machine Tools is Hyundai Wia (011210 KS). Despite the poor share price performance of Hyundai Wia in the past five years, its share price is up 20% YTD. With Doosan Machine Tools that is now up for sale, there may be a greater spotlight on Hyundai Wia as well.

Korea M&A Spotlight: MBK Partners Plans to Sell Doosan Machine Tools

South Korea

Hyundai Wia Corp. manufactures automobile parts. The Company also produces machine tools, robots, presses, industrial machinery, and aircraft parts.

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Korea M&A Spotlight: MBK Partners Plans to Sell Doosan Machine Tools

It was reported today in the local media that MBK Partners plans to sell Doosan Machine Tools (DMT), which is estimated to be valued about 2.5...

Douglas Kim