Locus Capital Partners (Locus), a cross-border M&A advisory firm, is pleased to announce the sale of 30% the equities of Pernod Ricard Korea Imperial Co. Ltd. (Pernod Ricard Korea) that HiteJinro Co., Ltd. (HiteJinro) owns to the largest shareholder of Pernod Ricard Korea, Allied Domecq Holdings. Locus advised HiteJinro in this transaction.
Established in 1992, Pernod Ricard Korea manufactures hard and compound liquor and offers various liquors including whisky, wine, champagne, white spirit, and anise based spirit. Before this transaction, Allied Domecq Holdings and Hitejinro owned 70% and 30% of equities of Pernod Ricard Korea respectively.
HiteJinro is glad to improve its financial structure by sale of non-core asset through this transaction.
Locus managed and executed the entire deal processes including Identification of buyer’s interest, valuation, price & SPA negotiation, etc. successfully.