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New Deal


Announced

Fubon Financial to acquire a 24% stake in Hyundai Card from Affinity, GIC and AlpInvest for $442m.

Financials

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Transaction Value£319m
Consideration TypeCash
Capital Owned-
Capital Bid For24%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Pending

Financial Data and Systems

Friendly

South Korea

credit card services

Cross Border

Private

Private Equity

Single Bidder

Majority

Synopsis

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Fubon Financial, a full-service financial holding company engaging in financial planning, banking, securities, futures and insurance, agreed to acquire a 24% stake in Hyundai Card, a provider of credit card services, from private equity firms Affinity, GIC and AlpInvest, for $442m. Fubon became one of the major shareholders of Hyundai Card, its representatives are also expected to join the card firm's board of directors in the near future, replacing those sent by previous investors.

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