Acquisition of KES Environmental Development by E&F PE

Lee & Ko advised E&F Private Equity (“E&F PE”) in its acquisition of KES Environmental Development Co., Ltd. (the “Company”), the operator of the sole private waste landfill in the Seoul Metropolitan Area, from JV Partners (the “Transaction”). The Transaction was executed through acquisition by E&F PE of existing and newly issued shares of the Company, resulting in an acquisition of approximately 99.4% equity stake in the Company in the aggregate. The total transaction value, combining the purchase price for existing shares and subscription price for new shares, was approximately KRW 174 billion.

Lee & Ko successfully contributed to the completion of the Transaction by providing comprehensive legal services to the buyer, including structuring analysis, legal due diligence on the Company, negotiation and execution of the Share Purchase Agreement and Share Subscription Agreement, and transaction closing.