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Announced

MBK Partners and Mirae Asset Daewoo to acquire 28.57% stake in CJ Group for $286m.

Financials

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Transaction Value£221m
Consideration TypeCash
Capital Owned-
Capital Bid For29%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private Equity

South Korea

Single Bidder

Entertainment

cinema chain

Public

Minority

Friendly

Acquisition

Pending

Synopsis

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MBK Partners, a private equity firm, and Mirae Asset Daewoo, an investment bank, agreed to acquire a 28.57% stake in CJ Group, a cinema chain, from CGI Holdings, a South Korean conglomerate, for $286m. The buyers will be given drag-along rights, which would allow them to sell shares under the same condition as a majority stakeholder, while CJ CGV will have a call option, or the rights to buy stocks in CGI Holdings.

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