BDA Partners is pleased to announce that its client, Doosan Heavy Industries & Construction Co Ltd (\u201cDHIC\u201d), has agreed to divest Doosan Engineering & Construction Co Ltd (\u201cDoosan E&C\u201d), a leading Korean construction company, to a private equity consortium jointly established by Q Capital Partners, SkyLake Equity Partners, Woori Private Equity, Eugene Asset Management, Shinyoung Securities, and a Doosan affiliate.<\/p>\n\n\n\n
Doosan E&C is a mid-to-large scale construction company, engaged in housing and civil engineering, based on its prominent apartment brand \u201cWe\u2019ve\u201d. It has consistently been listed within the top 10 in Korean construction companies, over the last 10 years. Helped by the recent boom in real estate, Doosan E&C quickly regained profitability in H1 2021, showing significant progress in improving its operations through a decrease in unsold housings, an increase in order backlog, and the sale of insolvent business sites.<\/p>\n\n\n\n
BDA Partners acted as advisor to Doosan on the transaction. <\/p>\n\n\n\n
Howard Lee, Partner and Head of Seoul at BDA Partners, commented: \u201cWe\u2019re proud to have advised Doosan on this successful divestment. This sale reinforces BDA\u2019s strong record in the construction industry, contributes to the re-positioning strategy of Doosan Group, and demonstrates the depth of our relationships and experience in the Korean M&A market, connecting a construction company with private equity firms which specialize in business restructuring.\u201d<\/p>\n","protected":false},"featured_media":11954,"template":"","class_list":["post-11949","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n