Transaction Structuring

An important first step to facilitate a successful M&A transaction is to develop an optimal structure for the transaction, accounting for the jurisdictions of the parties, the target company’s industry, the acquirer’s internal objectives and tax implications. At Kim & Chang, we pride ourselves on assisting our clients to arrive at transaction structures that provide the best results, in both domestic and outbound transactions.

Due Diligence

Our M&A lawyers collaborate with Kim & Chang’s other practice groups to conduct comprehensive due diligence, including reviews of tax, fair trade, real estate, labor and employment, environment, litigation and intellectual property matters. This interdisciplinary approach allows us to identify and resolve issues at an early stage and set the groundwork for a successful transaction from execution through post-merger integration.

Transaction Documents

With our extensive experience and know-how, Kim & Chang’s M&A lawyers service our clients in drafting, reviewing and negotiating transaction documents in Korean, English or other languages as necessary.

Closing

Our M&A Practice liaises closely with government authorities to facilitate necessary filing, registration and approval processes. Our large and experienced team of lawyers and other professionals, such as accountants and tax experts, obviates the need for our clients to engage third party service providers and enhances our ability to successfully close transactions without compromising confidentiality.

PMI (Post-Merger Integration)

Our M&A clients increasingly emphasize post-transaction integration, such as organizational restructuring, personnel matters, system integration and other measures to create shareholder value and maximize managerial performance. Our M&A Practice provides a comprehensive one-stop service for PMI matters, including assistance with successful PMI planning, in collaboration with Kim & Chang’s other practice groups.

Kim & Chang’s M&A clients include both strategic investors, such as major domestic and multinational companies, and financial investors, including private equity funds, venture capital funds, investment companies and pension funds.

We have handled many of the largest and most complex M&A transactions in Korea, including the vast majority of high-profile cross-border transactions. Our M&A Practice recently advised on the following transactions, among many others:

• Acquisition of Medit Corporation by MBK Partners

• Acquisition of a business unit of SK Chemicals by Hahn & Company

• Establishment of a joint venture between SK and Ford Motor Company, and related global merger control filing

• Sale of Cigna’s accident, supplemental health and life insurance businesses (including LINA Life Insurance Company), which had been operating in seven Asia-Pacific markets

• Acquisition by Brookfield Asset Management of industrial gas supply facilities and related assets for SK Hynix’s Icheon Plant

• Spinoff and establishment of holding company by POSCO

• Acquisition of equity interest in Samsung Bioepis by Samsung Biologics

• Purchase of Doosan Machine Tools by DTR Automotive Corporation

• Sale of Hugel by Bain Capital Private Equity

• Acquisition of equity interest in Hanssem by IMM Private Equity

• Acquisition of equity interest in SK E&S by KKR & Co.

• Acquisition of equity interest in GS Power by IMM Investment

• Acquisition of equity interest in IMG Technology Korea and IME Technology Luxembourg by STIC Investment

• Acquisition of a majority stake in Boston Dynamics by Hyundai Motors, Hyundai Mobis, and Hyundai GLOVIS

• Acquisition of Dongjin Textile and Kyungjin Textile by MBK Partners

• Sale of eBay Korea by eBay Inc.

• Issuance of new shares and sale of equity interest by Yanolja

• Sale of Starbucks Korea by Starbucks Inc.

• Acquisition of Taylor Made Golf Company by Centroid Investment Partners

• Acquisition of Hyperconnect by Match Group

• Acquisition of Ithaca Holdings by HYBE

• Sale of equity interest by Woowa Brothers

• Sale of Suzhou Samsung LCD and Suzhou Samsung Module by Samsung Display

• Sale of EMC Holdings by Affirma Capital Managers Korea

• Acquisition by SK Hynix of NAND memory business from Intel

• Acquisition of The Prudential Life Insurance Company by KB Financial Group

• Sale of Gas Station Business by SK Networks

• Formation of a joint venture company with Aptiv Technologies by Hyundai Motors Group

• Acquisition of Daesung Industrial Gases by Macquarie

• Sale of Woongjin Coway by Woongjin Thinkbig

• Sale of KCF Technologies by KKR

• Acquisition of Have&Be by Estee Lauder Cosmetics

• Sale of Lotte Card by Lotte Corporation

• Sale of Coway by MBK Partners

• Acquisition of Geo Young Corporation by the Blackstone Group

• Acquisition of Fluid Pressure & Controls business from Magna International by Hanon System

• Sale of Orange Life Insurance by MBK Partners

• Acquisition of SK Shipping by Hahn & Company

• Acquisition of Toshiba Memory Corporation by Consortium including participants from South Korea, the United States and Japan

• Acquisition of ADT Caps by Consortium of Macquarie Korea Opportunities Management - SKT

• Acquisition of CJ HealthCare by Korea Kolmar

• Acquisition of LS Mtron and LS Automotive by KKR

• Sale of Nanda by Individual Shareholder

• Acquisition of KUM by Aptiv

• Sale of Carver Korea by Bain Capital consortium

• Acquisition of printer business of Samsung Electronics by HP

• Acquisition of Modern House Home Living Business by MBK Partners

• Acquisition of Daesung Industrial Gases by MBK Partners 

• Acquisition of DoubleDown Interactive by DoubleU Games and Stic Investment 

• Acquisition of Hugel by Bain Capital 

• Acquisition of Hyundai Cement by LK Investment and Hanil Cement 

• Sale of Kyungnam Energy by Anchor Equity Partners 

• Acquisition of ABLE C&C by IMM Private Equity 

• Acquisition of Hyundai Securities by KB Financial Group 

• Acquisition of IFC Seoul by Brookfield Asset Management 

• Acquisition of Doosan Infracore’s machine tool business by MBK Partners 

• Acquisition of Mars Entertainment Group by CJ CGV 

• Sale of Lafarge Halla Cement by LafargeHolcim 

• Sale of equity interest in Ssangyong Cement by Taiheiyo Cement 

• Merger of Samsung C&T and Cheil Industries 

• Merger of SK C&C and SK Holdings 

• Acquisition of Halla Visteon Climate Control by Hahn & Company

• Purchase of equity interest in POSCO E&C by Public Investment Fund of the Ministry of Finance in the Kingdom of Saudi Arabia

• Acquisition of Tong Yang Life Insurance by Anbang Life Insurance

• Acquisition of Tong Yang Cement & Energy by Sampyo

• Acquisition of Oriental Brewery by Anheuser-Busch InBev 

• Genting’s formation of a joint venture to develop an integrated resort with Landing 

• Disposition of equity interest in ADT CAPS security business by Tyco Group 

• Acquisition of Woori Investment & Securities, Woori Aviva Life Insurance and Woori FG Saving Bank by NongHyup Financial Group

• Purchase of equity interest in Samsung Corning Precision Materials by Corning Incorporated 

• Acquisition of Kyongnam Bank by BS Financial Group