M&A Deal Summary

Lotte Acquires Buy The Way

On January 25, 2010, Lotte acquired retailer Buy The Way from Unitas Capital for 235M USD

Acquisition Highlights
  • This is Lotte’s 1st transaction in the Retail sector.
  • This is Lotte’s largest (disclosed) transaction.
  • This is Lotte’s 1st transaction in South Korea.

M&A Deal Summary
Date 2010-01-25
Target Buy The Way
Sector Retail
Buyer(s) Lotte
Sellers(s) Unitas Capital
Deal Type Add-on Acquisition
Deal Value 235M USD

Target

Buy The Way

Seoul, South Korea
Buy The Way, Inc. is a chain of convenience stores in a fast growing industry in Korea with over 1,500 stores located nationwide.

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Buyer(S) 1

Buyer

Lotte

Tokyo, Japan
Category Company
Founded 1948
Sector Food
DESCRIPTION

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (South Korea) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-06 Himart

Seoul, South Korea

Himart Co. Ltd. is a Korea-based company specialized in retail of household appliances. The Company distributes audio and video systems, household electronic products, computer hardware and software, portable digital electronic products and other household appliances.

Buy -

Seller(S) 1

SELLER

Unitas Capital

Hong Kong, China
Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unitas Capital is a private equity firm focused on buyouts and growth capital investments in medium-to-large sized businesses across Asia. Unitas targets opportunities throughout Australia & New Zealand, Greater China, Korea, Japan and Singapore. Areas of interest include branded consumer, retail and industrial manufacturing/services. Unitas dates back to 1999 (when it was part of and known as J.P. Morgan Partners Asia) and has offices in Hong Kong and Shanghai.

DEAL STATS #
Overall 5 of 13
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 3 of 6
Country (South Korea) 3 of 4
Year (2010) 1 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Beijing Leader & Harvest Electric Technologies

Beijing, China

Beijing Leader & Harvest Electric Technologies Co. Ltd. ("Leader Harvest") designs, manufactures and distributes medium-voltage variable frequency drives ("MV VFDs") for motors used in the power generation, metallurgical, and cement sectors. Leader Harvest is the largest supplier of MV VFDs in China in terms of revenue. Leader Harvest also supplies inverters to wind turbine manufacturers in China.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-11 Generac

Waukesha, Wisconsin, United States

Generac is a designer and manufacturer of a range of generators and other engine powered products. Generac was established in 1959 and is based in Waukesha, Wisconsin.

Sell -
Mergr

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