Locus Capital Partners (Locus), a cross-border M&A advisory firm, is pleased to announce that Consortium of Dongbu Group and its financial investor has acquired Daewoo Electronics Corp. (Daewoo Elec). Locus advised Dongbu Group in the transaction.
Founded in 1974, Daewoo Elec has been one of global brands for white electronic products and offers various consumer electronic products including refrigerator, washing machines, kitchen appliances, vacuum cleaners, etc.
Through this transaction, Dongbu Group is glad to expand its business to consumer electronics market and expects synergy between Daewoo Elec and Dongbu’s affiliates including Dongbu Steel Co., Ltd., Dongbu HiTek Co., Ltd., etc.
Locus managed and executed the deal processes including identification of financial investors, management of investment conditions and terms, financial advisory for MOU & SPA, etc. successfully.