Locus Capital Partners (Locus), a M&A advisory firm, is pleased to announce that Dongbu Group consortium acquired Daewoo Electronics. 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 acted as an exclusive financial advisor to Dongbu Group by managing and executing the entire deal process together with accounting, tax, and legal advisors.