Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Hyundai Hyms IPO Bookbuilding Results Analysis

Douglas Research Advisory

Event-Driven

<ul>
<li>The management ownership stake of Hyundai Hyms is up for sale. J&amp;P Private Equity firm which owns 52.88% stake in Hyundai Hyms has sent out teaser letters to potential buyers. </li>
<li>Including a management premium ranging from 30% to 50%, the potential acquisition price (including management premium) could be worth about 481 billion won to 555 billion won.</li>
<li>Since the second largest shareholder, HD Korea Shipbuilding &amp; Offshore Engineering (HD KSOE) (20.89% stake), has the right of first negotiation, the selling side must first negotiate with HD KSOE.</li>
</ul>


The management ownership stake of Hyundai Hyms is up for sale. J&amp;P Private Equity firm which owns 52.88% stake in Hyundai Hyms has sent out teaser letters to potential buyers. 
Including a management premium ranging from 30% to 50%, the potential acquisition price (including management premium) could be worth about 481 billion won to 555 billion won.
Since the second largest shareholder, HD Korea Shipbuilding &amp; Offshore Engineering (HD KSOE) (20.89% stake), has the right of first negotiation, the selling side must first negotiate with HD KSOE.


HD Korea Shipbuilding & Offshore Engineering (009540 KS)

HD Korea Shipbuilding & Offshore Engineering

M&A of Hyundai Hyms - Who Will Buy Controlling Stake?