Changchun advised KOSDAQ-listed Motrex Co., Ltd. on a transaction acquiring 100% of the issued shares of Jeonjin Heavy Industries Co., Ltd., Korea's leading manufacturer of concrete pump trucks, from KTB 2007 PEF and others for approximately KRW 261.6 billion.
Motrex formed a consortium with a private equity fund managed by Well to Sea Investment Co., Ltd. as general partner and acquired 100% of Jeonjin Heavy Industries' issued shares as a strategic investor (SI).
Changchun advised successfully across the transaction as a whole, including reviewing the transaction structure, negotiating with the financial investors (FI), drafting the related agreements and establishing a two-tier SPC structure.