.
MergerLinks Header Logo

New Deal


Announced

Baring Private Equity Asia withdrew its offer to acquire a 54% stake in PI Advanced Materials from Glenwood Private Equity for $1bn.

Financials

Edit Data
Transaction Value£827m
Consideration TypeCash
Capital Owned-
Capital Bid For54%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

plastics films

Majority

Private Equity

Plastics

Cross Border

South Korea

Single Bidder

Acquisition

Friendly

Public

Failed

Synopsis

Edit

Baring Private Equity Asia, an Asian private equity firm, withdrew its offer to acquire a 54% stake in PI Advanced Materials, a manufacturer and distributor of polyimide films, from Glenwood Private Equity, an investment service in Seoul, South Korea, for $1bn. The move is expected to spark considerable conflict between the two private equity firms over the responsibility for the contract termination.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US