Peritus Partners and NSN Co., Ltd. (KOSDAQ:A031860) agreed to acquire 32% stake in GB Holdings Co., Ltd. for KRW 3 billion on May 12, 2021. Peritus Partners and NSN Co., Ltd. will acquire 5.5 milion shares. GB Holdings Co reported total assets of KRW 6 billion, net loss of KRW 6 million and total common equity of KRW 6 billion for the year ending December 31, 2020.

The deal is expected to be completed by May 12, 2021. Samdo Accounting Firm acted as evaluation agency in the deal.