SK On has started attracting additional investment of 3 trillion won...Contact with BlackRock and MBK
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-02-15 04:21:21
[Alpha Biz=(Chicago) Reporter Kim Jisun] SK ON, which secured 2.8 trillion won in ammunition last year, will launch a free IPO worth up to 2.4 billion dollars (about 3 trillion won) at the beginning of the year. If the investment is successful, the cumulative investment will exceed 6 trillion won.
According to the investment banking (IB) industry on the 14th, domestic and foreign investors, including BlackRock, a global operator, and MBK Partners, a large private equity fund (PEF) operator, are currently coordinating investment conditions for issuing new shares with SK On. SK ON is said to be aiming to raise funds of up to 3 trillion won for these investors. The funding deadline is set for April.
BlackRock, which is discussing investment conditions with the company, is the world's largest operator with operating assets (AUM) of $8.59 trillion (about 1 trillion won), and has long expressed deep interest in investment in SK On. When SK ON bid for investment last year, BlackRock entered the competition with Carlyle and KKR. In the market, it is also mentioned that MBK Partners will jointly create funds with investors (LPs) of blind funds to participate in SK On investment. Separately, MBK Partners is expected to invest funds using Special Situation (SS) funds that invest in corporate special situations.
With about 2.8 trillion won in ammunition, the company will be able to secure 6.3 trillion won worth of investment if it succeeds in attracting additional investment.
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