Yulchon Advises LB Private Equity on Its Acquisition of Convertible Bonds Issued by Shoemarker
2019.01.17.
Yulchon LLC (“Yulchon”) successfully closed a transaction in which LB Private Equity Fund II (“LB PEF”) acquired convertible bonds issued by SMK T&I CO., Ltd., (formerly, Shoemarker Co., Ltd.) (the “Company”) from the existing bondholder, QCP Small and Medium Growth Private Equity Fund 2013, with an aggregate principal amount of KRW10.5 billion and also purchased convertible bonds newly issued by the Company with a face amount of KRW 10 billion. LB PEF also entered into the investors agreement and share kun-pledge agreement with the largest shareholder of the Company.
Yulchon advised on the entire process of the transaction including drafting and negotiating various transaction documents and closing of the transaction.
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