본문
Yoon & Yang advises Happycall on its sale to Goldman Sachs and EastBridge Partners
- Recent Matters
- 2016.09.01
A founder of Happycall, one of the largest cookware manufacturers in South Korea, Hyun Sam Lee agreed to sell Happycall to US Investment bank, Goldman Sachs and a domestic private equity fund, EastBridge Partners, thereby transferring his shares and managerial rights of the company. Happycall holds considerable market shares in South Korea’s cookware products, such as frying pans, double-sided pans, stainless-steel pots and high-speed blenders. Yoon & Yang advised Happycall on the sales of the 90% shares of Happycall and the managerial rights to Goldman Sachs and EastBridge Partners.
The total value of sales amounted to KRW 180 billion, in which Goldman Sachs invested KRW 40 billion and EastBridge Partners invested KRW 50 billion respectively. It was a very significant M&A deal in Korea as the no. 1 cookware manufacturer was sold to the global and domestic investors. - Practices
- #Mergers & Acquisitions
