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피터빈트

Carlyle among suitors for KDB Capital

By Korea Herald

Published : March 28, 2016 - 10:55

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U.S. private-equity giant Carlyle is among the three suitors for KDB Capital, an equipment leasing and venture capital firm 99.9 percent owned by the state-run Korea Development Bank, local reports said Monday.

Also in the running are a local private equity fund set up by Seoul-based SK Securities and a nonfinancial company based in Korea. 

Korea Development Bank headquarters in Seoul (Yonhap) Korea Development Bank headquarters in Seoul (Yonhap)

The bank is selling its entire stake in KDB Capital whose book value is around 600 billion won ($514 million). The three have submitted their nonbinding bids for the shares in last week’s preliminary round of auction.

This is the second time that KDB has tried to sell its stake. Its previous attempt, in November, failed due to lack of interest from buyers. SK private equity was the sole bidder then.

Credit Suisse and Samil PwC are managing the sale.

The final bidding round is scheduled for May, KDB said.

By Lee Sun-young (milaya@heraldcorp.com)

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