Stella Private Equity Becomes New Owner of Mirae ING...Main Contract Signed

Stella PE Selected as Preferred Bidder, to Acquire via Stella Innovation Acquisition Purpose Company

"Proven Fundraising Capability, Clear Value Enhancement Plan, and Executive Expertise to Execute"

Stella Private Equity Co., Ltd. (hereinafter “Stella PE”), led by CEO Kim Changgeun, has been selected as the new acquirer of Mirae ING, a KOSPI-listed company, and its affiliated listed firms. Following the acceleration of the sale process, the selection of the preferred bidder and the signing of the main contract proceeded rapidly, resulting in the so-called 'package deal' being finalized.

According to the investment banking (IB) industry on March 16, EX Co., Ltd., the largest shareholder of Mirae ING, and Namgung Kyeon, Chairman of Namsanmulsan, reportedly signed a Share Purchase Agreement (SPA) with Stella PE on this day for the sale of their controlling stakes. The actual acquisition entity is Stella Innovation Investment Purpose Company, established by Stella PE.

The sale price, which had drawn significant market attention, was set at 120 billion won. This amount is in the mid-range of the previously expected deal size of between 100 billion won and 140 billion won, as estimated by the IB industry.

The rapid conclusion of this transaction is attributed to Stella PE's strong fundraising capabilities and its clear business strategy post-acquisition.

In particular, the expertise of Chairman Lee Suhyeong, who leads Stella PE, is also said to have inspired confidence in the deal. Chairman Lee, a graduate of Seoul National University School of Law, previously served as Group General Counsel at Hancom and is currently CEO of AK Partners Asset Management. He is regarded as a figure with diverse experience and networks spanning law and finance.

An industry insider commented, "Given that this was a large-scale deal involving multiple listed companies, the sellers placed the highest priority on the certainty of funding," adding, "Stella PE's fundraising ability has been verified, and both the value enhancement (value-up) plan after the acquisition and the nominated board director candidates who can execute it received positive evaluations."

The acquisition of Mirae ING is essentially regarded as a holding company-type deal, as it secures management rights over several listed subsidiaries simultaneously. With the signing of the main contract, Stella PE is expected to begin in earnest the process of streamlining the complex governance structure and strengthening the competitiveness of each affiliate.

Meanwhile, Stella PE has announced its plan to establish itself in the capital market as a 'model capital provider' that does not remain a simple financial investor but directly participates in the growth stage of companies. Leveraging its experience in both law and investment operations, the company aims to manage risks while achieving tangible results.

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