The private equity (PE) division of Korea Investment Partners was selected as the preferred bidder for the acquisition of MNC Solution.
According to the investment banking (IB) industry on the 12th, UBS, the sell-side advisor for MNC Solution, selected Korea Investment & Securities Co. PE as the preferred bidder that day and signed an MOU. The stake for sale is a 73.78% controlling equity held by the Socius–Well to Sea Investment consortium.
Earlier, the sell-side conducted a preliminary bid through the 27th of last month and received letters of intent (LOIs). Multiple financial investors (FIs) and strategic investors (SIs) were said to have participated.
The predecessor of MNC Solution is the defense division of Doosan Mottrol, which Doosan Group sold in 2021. After the Socius–Well to Sea Investment consortium acquired it for 453 billion won, it executed a spin-off into Motrol, the civilian division handling hydraulic parts for heavy equipment, and MNC Solution, the defense division. Doosan Bobcat later bought back Motrol for 242 billion won.
Based on the closing price that day, MNC Solution's market capitalization was 1.1863 trillion won. With the prolonged Russia-Ukraine war and escalating tensions between the United States and Iran, the share price has surged about 70% over the past year.