Korea Technology Finance Corporation (KOTEC) will expand the number of private intermediary organizations to assist small and medium-sized enterprises in mergers and acquisitions (M&A) from 10 to 15. The newly included intermediary organizations are Moments Investment Consulting, Deep Search, Law Firm DLJG, Accounting Firm Forest, and WMD.
Korea Technology Finance Corporation (KOTEC) announced on the 11th that it has selected 'M&A Partners' to promote M&A activities for small and venture enterprises. M&A Partners is a private specialized institution that establishes a joint brokerage cooperative system with KOTEC and provides customized brokerage services to small and venture enterprises through a public-private partnership M&A platform.
KOTEC comprehensively evaluated the M&A brokerage performance, capabilities, and appropriateness of the brokerage work of the agencies that applied through a recruitment announcement in June and ultimately selected 5 agencies. With this additional selection, the number of M&A Partners collaborating with KOTEC has expanded from the previous 10 to 15.
KOTEC provides one-stop support for all processes of M&A, from identifying small and venture enterprises' M&A needs to consulting, brokering, and financing, through its M&A platform. With the expansion of M&A Partners, KOTEC plans to further strengthen the public-private joint brokerage network to support small and venture enterprises in effectively pursuing M&A.
Lee Sang-chang, a director at KOTEC, said, "Through the expansion of M&A Partners, I hope more small and venture corporations can utilize private expertise and field know-how," and noted, "KOTEC will continue to expand cooperation with private specialized institutions and actively support enterprises to achieve substantial M&A results through field-centered assistance."