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Carlyle Group’s investment into Kakao Mobility

다음
Type
Deals & Cases
Published on
2021.03.31

Lee & Ko advised Carlyle Group, one of the world’s largest asset management firms specializing in private equity, in its successful signing of the share subscription agreement on February 18, 2021 to subscribe to newly issued shares of Kakao Mobility, a platform transportation business provider within the Kakao Group. Since this deal involved Carlyle Group, one of the world’s largest investors, investing in a subsidiary of Kakao Group, the largest platform business service provider in Korea, this deal received spotlight from the media even before the signing of the agreement, and closing is expected to occur in later March 2021.  This deal also involved the signing of a shareholders agreement with multiple interested parties such as the existing financial investors of the target Kakao Mobility and other potential investors such as Google that were investing together or simultaneously with this deal, and therefore coordinating and resolving issues in an efficient manner was the key to success. Lee & Ko provided effective legal services to make possible the efficient processing and signing of this deal within a short period of time. 

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