GS Consortium Submits Bid Application for Medit Acquisition

[Asia Economy Reporter Oh Hyung-gil] GS announced on the 24th that it submitted a bid application on the 24th to acquire shares of the domestic dental oral scanner company 'Medit'.

The acquisition amount for Medit is known to be in the 3 trillion KRW range, with the GS-KKR consortium and global PEF KKR participating in the acquisition battle.

Industry insiders believe that the GS consortium is highly likely to be selected as the preferred negotiation partner.

GS stated, "There is no confirmed decision yet regarding the acquisition of Medit or the acquiring party."

Medit, established in 2000, is a domestic native company possessing 3D dental oral scanner technology. It was founded by Jang Min-ho, a professor of mechanical engineering at Korea University and a graduate of the Massachusetts Institute of Technology (MIT). Later, Unison Capital acquired 50%+1 share of the company at the end of 2019 for about 320 billion KRW, taking over management rights.

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