The Nonghyup PE-Glenwood PE consortium purchased Tongyang Magic, one of the most coveted companies that was up for sale in the first half of 2014, for approximately KRW 300 billion. The deal closed at the end of July 2014. In light of the unique characteristics of PEFs and the fact that the transaction involved the sale of the assets of a company that was undergoing rehabilitation, Lee & Ko provided NH-Glenwood I Private Equity Fund with tailored legal advice so that the client’s exposure to any legal and commercial risks was minimized.