. Imm Rosegold IV Private Equity Fund, managed by IMM Private Equity, Inc. completed the acquisition of 30.21% stake in Hanssem Co., Ltd. from a group of shareholders.
April 31, 2022
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IMM Private Equity, Inc. signed a memorandum of understanding to acquire a 30.21% stake in Hanssem Co., Ltd. (KOSE:A009240) from a group of shareholders for KRW 1.1 trillion on July 14, 2021. Imm Rosegold IV Private Equity Fund, managed by IMM Private Equity, Inc. entered into a share purchase contract to acquire a 30.21% stake in Hanssem Co., Ltd. (KOSE:A009240) from a group of shareholders on October 25, 2021. Sellers include Jo Chang-geol, the largest shareholder, and 7 related parties. Under the transaction, IIM will acquire shares at a price of KRW 220,000 per share. Lotte Shopping Co. has been chosen by IMM Private Equity (IMM PE) over industrial and interior material giant LX Hausys as the fund's strategic partner and will invest KRW 299.5 billion in a fund IMM PE fund devoted to the Hanssem buyout. After signing this MOU, the final contents of the share transfer contract will be determined through due diligence and negotiations on specific transaction conditions. As of September 7, 2021, IMM expected to sign a stock purchase agreement with Hanssem next week. As of October 21, 2021, IMM expected to sign a stock purchase agreement with Hanssem next week. As of October 25, 2021 board of directors of Hanssem approved the transaction. Transaction is expected to close on December 31, 2021.
. Imm Rosegold IV Private Equity Fund, managed by IMM Private Equity, Inc. completed the acquisition of 30.21% stake in Hanssem Co., Ltd. (KOSE:A009240) from a group of shareholders on April 1, 2022.
Hanssem Co Ltd is a Korea-based company primarily engaged in the manufacture and sale of kitchen and interior furniture. The Company operates its business through three segments: the Kitchen Furniture segment, the Interior Furniture segment and the Other segment. The Company provides furniture used for kitchens, bedrooms, living rooms, bathrooms and other spaces, such as beds, book cases, desks and sofas, chairs, dressers and others. It also provides allied furniture packages and related materials, as well as remodeling services. It is also engaged in the provision of real estate consulting services, and sales of other food. The Company distributes its products through shopping malls, internet shopping malls, sales agencies and interior alliance stores, as well as to overseas markets.
. Imm Rosegold IV Private Equity Fund, managed by IMM Private Equity, Inc. completed the acquisition of 30.21% stake in Hanssem Co., Ltd. from a group of shareholders.