Park Jung-ho SK Square Vice Chairman Mentions "Possibility of Joint Management of SK Shieldus"

Park Jung-ho, Vice Chairman of SK Square. Photo by SKT

[Asia Economy Reporter Oh Su-yeon] SK Shieldus has raised the possibility of joint management while discussing trillion-won scale investment attraction with EQT Partners, a private equity firm affiliated with the Wallenberg Group.

According to the industry on the 15th, Park Jung-ho, Vice Chairman of SK Square, revealed this after meeting with Satya Nadella, CEO of Microsoft (MS), at a hotel in Gangnam-gu, Seoul, and speaking with reporters.

Vice Chairman Park said, "The joint management proposal came from the other party," adding, "The proposed conditions could be better than an IPO, so we will make a final decision after reviewing it."

SK Shieldus is currently in discussions with EQT Partners for investment attraction. According to the industry, EQT Partners is negotiating to acquire all of the 36.87% stake held by the Macquarie consortium. In addition, they are also considering acquiring a portion of SK Square's shares.

Originally, SK Shieldus planned to secure funds through an IPO this year, but withdrew the listing due to market conditions and other factors.

EQT Partners has consistently shown interest in the security sector. In 2008, it acquired Securitas Direct, the home security subsidiary of Sweden's largest security company Securitas, and successfully exited the investment by selling it in 2011. Last year, it acquired shares in the Israeli cybersecurity company CYE and also holds management rights.

This content was produced with the assistance of AI translation services.