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NEWS
Daelim gets a $61m injection
The South Korean motorcycle and auto parts manufacturer has a new major shareholder, in the form of a private equity firmA Singapore-based private equity and capital venture company has tipped $61m into South Korean motorcycle and auto parts maker Daelim Motor Co Ltd, via a new share issue.
The size of the stake in Daelim for Standard Chartered Private Equity is unknown, but the company generally likes to acquire a seat on the board of its portfolio companies, so we’re tipping it’s quite a large piece of the pie.
Established in 1978, Daelim Motor also makes Citi and Tact motorcycles, and supplies die-cast aluminium parts for engines and transmissions. It is part of the chemical and construction-focussed Daelim Group.
For more information on Daelim in Australia, visit www.daelimmotors.com.au.
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Written byBikesales Staff
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Please see our Editorial Guidelines & Code of Ethics (including for more information about sponsored content and paid events). The information published on this website is of a general nature only and doesn’t consider your particular circumstances or needs.
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