M&A Deal Summary

Lotte Co. Acquires Himart Co.

On July 6, 2012, Lotte Co. acquired retailer Himart Co. from Affinity Equity Partners and Intermediate Capital Group

Acquisition Highlights
  • This is Lotte Co.’s 2nd transaction in the Retail sector.
  • This is Lotte Co.’s 2nd transaction in South Korea.

M&A Deal Summary

Date 2012-07-06
Target Himart Co.
Sector Retail
Buyer(s) Lotte Co.
Sellers(s) Affinity Equity Partners
Intermediate Capital Group
Deal Type Add-on Acquisition

Target

Himart Co.

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.

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Buyer(S) 1

Buyer

Lotte Co.

Tokyo, Japan

Category Company
Founded 1948
Sector Food
DESCRIPTION


DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: South Korea M&A 2 of 2
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-25 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.

Buy $235M

Seller(S) 2

SELLER

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.


DEAL STATS #
Overall 12 of 24
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 14
Country: South Korea M&A 6 of 10
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-08 First Engineering

Singapore, Singapore

First Engineering manufacturer of ultra high-precision moulds and plastic componets for high technology engineering applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 MPM Finance

Jakarta, Indonesia

MPM Finance is a provider of financing services that include capital financing, car, and motor financing, corporate financing, and investment in consumer finance, enabling customers to get multi-purpose financing services. MPM Finance is based in Jakarta, Indonesia.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 131 of 225
Sector: Retail M&A 8 of 10
Type: Add-on Acquisition M&A Deals 35 of 69
Country: South Korea M&A 1 of 2
Year: 2012 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-03 MACH

Contern, Luxembourg

MACH is a hub-based mobile communications exchange. MACH solutions shorten providers' time to market for new mobile applications, optimize service delivery to the mobile end-user, and accelerate the settlement of inter-operator financial liabilities. MACH enables the efficient flow of mobile traffic, of service validation, delivery and billing information, and of settlement transactions.

Sell €550M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Meyn Food Processing Technology BV

Oostzaan, Netherlands

Meyn supports the poultry industry in improving their productivity through improved yield, speed, labor productivity and reduced down time. Meyn invests extensively in R&D and has a global network for installation projects, with their own service technicians and parts distribution.

Sell -