LOCUS ADVISES SALE OF OCEAN C&I

Locus Capital Partners (Locus), a M&A advisory firm is pleased to announce that major shareholder of Ocean C&I sold their 100% stake to Taihan Cable & Solution. Locus acted as a sole financial advisor to Ocean C&I’s shareholders in this transaction.

Established in 2008, Ocean C&I specializes in submarine cable installation and engineering services. The company has participated in numerous offshore wind power projects both in Korea, including the Southwest Sea, and overseas, such as in Venezuela and the Philippines.

Taihan Cable & Solution, Korea’s largest power cable manufacturer, has acquired 100% of Ocean CNI’s shares. Through this acquisition, Taihan will be able to directly execute the entire value chain for submarine cables – spanning design, manufacturing, transportation, installation, and maintenance. Leveraging this capability, the company plans to actively pursue turnkey bids, including high-voltage direct current (HVDC) projects, both domestically and globally.

In this transaction, Locus successfully provided full-spectrum M&A advisory services, including company valuation, overall due diligence management, coordination of accounting and legal advisors, and negotiation of price and investment terms through to closing.