Sale of Kwangjin Chemical and The K Logitech to Affirma Capital

Lee & Ko advised individual shareholders of the in their sale of the existing shares of Kwangjin Chemical and The K Logitech to Affirma Capital for KRW 250 billion, and the Share Purchase Agreement was successfully executed on January 11, 2023. The transaction was between two PEF buyers comprised of individual sellers and a co-GP, and involved intense negotiations among the individual sellers and 2 PEF purchasers comprised of joint GPs, and the parties intensely negotiated with regard to sensitive matters such as the deal certainty and securing favorable representations and warranties provisions. Lee & Ko advised on not only the general legal issues related to the Share Purchase Agreement, but also the negotiation and execution of the Share Purchase Agreement and other agreements ancillary to the transaction.