Corporate Team advises subsidiaries of Harim Group on KRW 111 billion sale of shares in NS Shopping
2012.11.16.
Yulchon advised Sunjin Holdings, Korea Thumb Vet, and Orpum, all subsidiaries of the Harim Group, on the sale of a 22% stake in NS Shopping at KRW 111.2 billion to Woori Bank, in its capacity as the trustee of Shinhan BNPP Mezzanine Private Security Investment Trust No.1, and Woori Blackstone Korea Opportunity Private Equity Fund I. Sellers maintained control over NS Shopping while acquiring capital for investment activities and improving their financial structure. In addition, the transaction contributed to the restructuring of Harim Group's governance.
Based on years of experience and knowledge, Yulchon was able to provide efficient and effective assistance throughout the entire transaction, including drafting and revising the Share Purchase Agreement and the Shareholder's Agreement as well as other relevant documents, advising on negotiations to set the price and closing of the transaction.
This transaction was handled by Jae Hyun Park, Yoon Young Hwang and Soo Yeon Choi.
