Lee & Ko represented all the shareholders of Daesung Industrial Gases Co., Ltd. in its sale of 100% shares in Daesung Industrial Gases Co., Ltd. held by Goldman Sachs Group, Inc. and Daesung Group Partners. The acquirer of the shares was Korea Industrial Gas Holdings, Inc., a special purpose company established by MBK Partners IV, Inc. Lee & Ko’s timely and accurate legal advice led to the successful execution of the share purchase agreement on February 24, 2017 and its successful closing on March 24, 2017. In addition to the fact that this deal was the largest M&A transaction in the first half of 2017 (with the deal value amounting to approximately KRW 2 trillion), this transaction became well-known in the market since the target company was Daesung Industrial Gases Co., Ltd., which is the largest South Korean industrial gas producer. And Daesung Industrial Gases Co., Ltd. was expanding its business overseas by establishing its subsidiary and making direct investments into China. Despite the tight schedule required for this transaction, Lee & Ko provided timely and accurate legal advice in identifying potential legal and regulatory problems for Daesung Industrial Gases Co., Ltd. both domestically and internationally, negotiating the terms of the share purchase agreement, and drafting/advising on multiple supplementary agreements simultaneously, which led to the successful closing of the transaction.