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New Deal


Announced

Macquarie Group to acquire Sorabol City Gas and Haeyang Energy from Korea Energy Holdings for $714m.

Financials

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Transaction Value£505m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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energy and gas

Single Bidder

Private

Gas Distribution

Domestic

Friendly

Acquisition

Pending

gas distribution

South Korea

Private Equity

Minority

Synopsis

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Macquarie Group, an investment firm, agreed to acquire Sorabol City Gas and Haeyang Energy, two providers of gas distribution services, from Korea Energy Holdings, a provider of financial services, for $714m. Following the acquisition, Macquarie Group will own 16 portfolio companies associated with Korea’s infrastructure assets such as toll roads, a harbor and a subway line.

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