IMM Private Equity’s acquisition of Taihan Electric Wire

Overview:

• IMM Private Equity has acquired 71.5% of Taihan Electric Wire for W300 billion ($263 million).
• Taihan Electric Wire is Korea’s second largest manufacturer of electric wire and cable products.  
• The target company had undergone financial difficulties for many years and a group of its creditors became the controlling shareholders of the target via a debt-to-equity swap.  
• These institutions attempted a sale of its controlling shares since 2014 which eventually failed due to the financial unsoundness of the target.   

Katrin Kostadinova - Data analyst