- Type
-
Deals & Cases
- Published on
- 2010.03.31
Lee & Ko acted as counsel to the lenders in respect of a leveraged-buyout financing for the acquisition of Kumho Rent-a-Car Co., Ltd. The deal drew substantial market attention as Korea Telecom, Korea’s leading telecommunication company, acquired Korea’s largest car rental company, Kumho Rent-A-Car. As a result, Korea Telecom’s expansion into differing industries is being closely monitored. Lee & Ko advised Hana Daetoo Investment Bank, Hana Bank, Military Mutual Aid Association, KT Capital Co., Ltd. and Shinhan Capital Co., Ltd. The borrower, Korea Rental Investment, Inc., was advised by Bae, Kim & Lee. The size of the financing was KRW 70,000,000,000 and the deal closed on March 31, 2010.