Global private equity fund (PEF) Macquarie will acquire the real estate management division of S&I Corporation, a subsidiary of LG Group.
According to the business community on the 11th, S&I Corporation selected Macquarie PE as the preferred bidder to sell its 60% stake in the FM division earlier in the day. The transaction price is known to be in the late 400 billion won range.
The two sides plan to sign a stock trading agreement (SPA) within the year. Earlier, Macquarie PE, IMM PE, Ido-KB Securities PE Consortium, and Affinity PE participated in the bidding.
S&I Corporation was established in 2018 when it was divided into the Consumable Materials Purchase division in Subone.
Repair and manage factories and office buildings of LG Group affiliates. FM division sales account for about 30% of S&I Corporation's total sales.
Reporter Lee Ji-sun stockmk2020@gmail.com
