[Alpha Biz= Reporter Kim Jisun] MBK Partners announced on the 26th that it has secured an 86% ownership stake, including convertible bonds and bonds with warrants, in Connect Wave through the public tender offer that ran until the 24th.
In the first public tender offer, MBK Partners secured around 80% of the stake, and through the second public tender offer, it has increased the likelihood of successfully delisting the company.
Recently, private equity funds (PEFs) have completed voluntary delisting of listed companies through first and second public tender offers and continuous purchases.
Following this precedent, MBK Partners plans to conduct the second public tender offer at the same price as the first public tender offer (18,000 KRW) as early as next week to protect the rights of minority shareholders.
Additionally, MBK Partners plans to take prompt measures for delisting in accordance with relevant regulations if a sufficient level of ownership is secured through the second public tender offer, regardless of the results of the first public tender offer.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
