Macquarie may team up with LG CNS to acquire TmaxSoft Potential consortium could emerge as frontrunner in bidding race for software provider

Translated by Ryu Ho-joung 공개 2021-11-24 08:26:33

이 기사는 2021년 11월 24일 08:25 더벨 유료페이지에 표출된 기사입니다.

Macquarie Korea Asset Management may join forces with LG CNS, in which the private equity firm is the second largest shareholder, to acquire TmaxSoft, South Korea’s number one player in the enterprise software market.

TmaxSoft and sale adviser Samjong KPMG last month shortlisted four bidders interested in acquiring a controlling stake in the company.

Among those to have advanced to the final round of bidding are cloud managed service provider Bespin Global and private equity investors MBK Partners, SkyLake Equity Partners and Macquarie. They have been conducting detailed due diligence over the past weeks.

Macquarie is being seen by some as the frontrunner in the bidding race for TmaxSoft, with the Australia-headquartered firm potentially considering teaming up with LG CNS as it seeks to create synergy between the two South Korean companies.

Macquarie specializes in investments in energy and infrastructure companies and smart infrastructure investments. In 2020 it acquired a minority stake in LG CNS, the system integration services arm of LG Corp, forming a partnership based on their shared vision for future growth.

As part of a bolt-on strategy, Macquarie and LG CNS may expand their partnership to jointly take over TmaxSoft, which many observers think would be the most efficient structure. The possibility cannot be ruled out that LG CNS may want to directly acquire a stake in TmaxSoft in partnership with Macquarie.

If Macquarie wins the bidding war, it is likely to fund the acquisition from its fifth South Korean fund, Macquarie Korea Opportunities Fund V, which closed at 650 billion won ($546.7 million) earlier this year.

The largest shareholder in LG CNS is LG Corp, with roughly a 50% stake. Macquarie is the second largest shareholder of the company, with about a 35% stake.

TmaxSoft and Samjong KPMG are expected to receive final bids from the shortlisted bidders in December, with the preferred buyer for the company expected to be chosen as early as the end of this year. (Reporting by Seon-young Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >

더벨 서비스 문의


유료 서비스 안내
주)더벨 주소서울특별시 중구 무교로 6 (을지로 1가) 금세기빌딩 5층대표/발행인성화용 편집인이진우 등록번호서울아00483
등록년월일2007.12.27 / 제호 : 더벨(thebell) 발행년월일2007.12.30청소년보호관리책임자김용관
문의TEL : 02-724-4100 / FAX : 02-724-4109서비스 문의 및 PC 초기화TEL : 02-724-4102기술 및 장애문의TEL : 02-724-4159

더벨의 모든 기사(콘텐트)는 저작권법의 보호를 받으며, 무단 전재 및 복사와 배포 등을 금지합니다.

copyright ⓒ thebell all rights reserved.