Locus Capital Partners (Locus), a M&A advisory firm, is pleased to announce the sale of Bucheon Hi-Parking, a subsidiary of Hi-Innoservice. Hi-Innoservice is one of the largest parking lot operators in South Korea. Locus advised Bucheon Hi-Parking in this transaction.
Hi-innoservice liquidated the Bucheon Hiparking to raise additional capital for its new business.
AJ-Park, a leading car park management company in South Korea, expects great synergies in widening its business portfolio throughout the transaction.
Locus acted as an exclusive financial advisor to Bucheon Hiparking by managing and executing the entire deal process together with accounting, tax, and legal advisors.