Carlyle in Talks to Buy Chung Ho Nais for About 800b Won: Daily

Carlyle Group is in exclusive talks to acquire South Korean water purifier maker Chung Ho Nais for ~800b won, Korea Economic Daily reports, citing unidentified people in the investment banking industry.

• Family members of the founder decided to sell the stake to fund inheritance taxes estimated at nearly 300b won following the death of the company’s founder
• Value estimated at ~800b won for full stake
• Carlyle recently signed an MOU and is conducting due diligence to acquire 100% of the firm along with its filter and component manufacturing affiliates
• The two parties aim to sign share purchase agreement and ...