Lee & Ko successfully advised Affirma Capital through its PEF, Ascenta V, in subscribing for redeemable convertible preferred shares of Metanet TPlatform (“Metanet”) which represent 20% of the total issued and outstanding shares of Metanet for an aggregate subscription price of KRW 112 billion.

Lee & Ko, acting as sole lead counsel of Affirma Capital, advised Affirma Capital throughout the entire process of the transaction from due diligence to the negotiations and execution of the definitive agreements such as the share purchase agreement, the shareholders agreement and other key transaction documents.

Lee & Ko will continue to advise Affirma Capital until the completion of this transaction, including advisory services ranging from the formation of the joint investment fund and special purpose vehicle for the transaction as well as filing and submission of the business combination report.