이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
According to the investment banking industry Friday, the conglomerate that runs a range of retail, food and entertainment business has recruited a foreign investment bank to advise on the bid that has around 10 other contenders. NH Private Equity Fund and Glenwood PE and their bank NH Investment & Securities Co. leading the sale of their stakeholding in Tongyang sent out invitations to the interested parties including CJ Group, IMM Private Equity, Stic Investments, Affity Equity Partners, Carlyle Group, Bain Capital and CVC Capital Partners.
CJ would have a good chance as all other bidders are private equity funds. But funds could pull in companies in China and Europe to make their bid favorable.
The home appliance maker and rental firm has been registering a solid growth thanks to steady growth in rental services. Its net profit last year skyrocketed by 1660 percent to 17.6 billion won on year from 1 billion won in 2014. Sales also rose 10 percent to 390.3 billion won from 354.4 billion won in the same period.
The preliminary bidding would take place once NH Investment & Securities will receive letters of intent until August 11.
By Kang Doo-soon and Kim Hyo-hye
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]