Lee & Ko represented all shareholders of Daesung Industrial Gases Co., Ltd. in its sale of 100% shares in Daesung Industrial Gases Co., Ltd. held by The Goldman Sachs Group, Inc. and Daesung Group Partners. The acquirer of the shares is Korea Industrial Gas Holdings, Inc., a special purpose company established by MBK Partners IV, Inc. Lee & Ko’s speedy and accurate legal advice led to the successful execution of the SPA 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 attracted the market’s attention as the target company was Daesung Industrial Gases Co., Ltd., the biggest South Korean industrial gas producer currently expanding its business overseas by establishing its subsidiary and making direct investments in China. Despite the tight schedule required for this transaction, Lee & Ko provided a speedy 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 SPA, and handling tens of supplementary agreements simultaneously, which led to the successful closing of the transaction.