Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Event-Driven

<p>Finally, after an extensive buyout deal negotiation, Dongwon Group's Dongwon Industries (006040) and Dongbu Express' owner consortium (KTB PE and Q Capital Partners) reached to an agreement on this buyout deal. In this agreement, Dongwon Industries agreed to pay ₩425bil (about ₩45bil lower than the initial price they had agreed on) for full stake in Dongbu Express from the consortium led by KTB PE and Q Capital Partners. As a result, KTB PE and Q Capital Partners made around ₩100bil in profits in two and half years (33.3% ROI - about 14% annualized ROI).</p>

Finally, after an extensive buyout deal negotiation, Dongwon Group's Dongwon Industries (006040) and Dongbu Express' owner consortium (KTB PE and Q Capital Partners) reached to an agreement on this buyout deal. In this agreement, Dongwon Industries agreed to pay ₩425bil (about ₩45bil lower than the initial price they had agreed on) for full stake in Dongbu Express from the consortium led by KTB PE and Q Capital Partners. As a result, KTB PE and Q Capital Partners made around ₩100bil in profits in two and half years (33.3% ROI - about 14% annualized ROI).

Dongwon Industries' Dongbu Express Acquisition Is Finalized - Deal Summary

South Korea

Dong Won Co., Ltd. owns and operates coal mines in South Korea.  The Company's products include hard coal for industrial and household uses.  Dong Won also develops overseas oil and gas fields, especially in South America.

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Dongwon Co Ltd (003580 KS)

Dongwon Industries' Dongbu Express Acquisition Is Finalized - Deal Summary

Finally, after an extensive buyout deal negotiation, Dongwon Group's Dongwon Industries (006040) and Dongbu Express' owner consortium (KTB PE and Q...

Sanghyun Park

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52-week Range

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