Announced
Financials
Sources
Tags
Disposal
Friendly
South Korea
Restaurants and Bars
Acquisition
Private Equity
Private
Domestic
Single Bidder
coffee shops
Majority
Pending
Synopsis
KG Group, a chemical-to-financial conglomerate, agreed to acquire a majority stake in Hollys Coffee, a specialty coffee company headquartered in South Korea, from IMM Private Equity, a private equity investment firm, for $124m. The coffeehouse is expected to advance its mobile services with the help of KG Group’s other subsidiaries in the mobile sector.
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