Sono Hospitality completed the acquisition of 14.9% stake in TWAY from JKL Partners for KRW105.6bn.

Synopsis

Sono Hospitality, a leisure and infrastructure company, completed the acquisition of 14.9% stake in TWAY, a South Korean low-cost airline, from JKL Partners, a private equity firm, for KRW105.6bn.

Principals

target

Tway Air

bidder

Sono Hospitality

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Market Context

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Seller Team (1)

hong-geun jun

CEO at TWAY AIR

Manager

target

Deal

£ 60 M

Total Value

Vendor Team (3)

jang geun jung

CEO at JKL PARTNERS

Investor

vendor

Deals

£ 308 M

Total Value

youngjin lee

Managing Director and Head of Investment Banking, South Korea at DC Advisory

Financial Advisor

vendor

Deals

£ 621 M

Total Value

jihun kim

Director at DC Advisory

Financial Advisor

vendor

Deals

£ 241 M

Total Value

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