Locus Capital Partners (Locus), a M&A advisory firm, is pleased to announce the sale of HiteJinro’s 30% stake in Pernod Ricard Korea Imperial to Allied Domecq Holdings, the largest shareholder. 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 acted as an exclusive financial advisor to HiteJinro by managing and executing the entire deal process together with accounting, tax, and legal advisors.