Lee & Ko M&A team advised S&I Corporation (LG Group’s wholly-owned subsidiary) on the sale of its shares held in Serveone (representing 60.1%) to Affinity Equity Partners, a global private equity fund, which resulted in a successful signing on February 26, 2019. This transaction involved a spin-off of S&I Corporation’s MRO business and the sale of 60.1% of the spun-off entity to a financial investor. Lee & Ko managed to provide effective advice throughout this entire transaction from the spin-off stage to the drafting/negotiation of the share purchase agreement and the shareholders agreement, based on the high level of expertise and experience of Lee & Ko’s M&A team in cross-border M&A transactions.
[Pulse] LG’s S&I sells 60.1% stake in MRO unit Serveone to Affinity Equity