Corstone Asia, Q Capital Partners to sell Norang Tongdak

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Corstone Asia, Q Capital Partners to sell Norang Tongdak - Korea Economic Daily

Quick Summary:

According to investment banking industry sources on Friday, Corstone Asia and Q Capital Partners decided to sell 100% of their stake in Norang Tongdak and appointed Samjong KPMG as the advisor for the transaction.

South Korean private equity firms (PEF) Corstone Asia and Q Capital Partners plan to sell Norang Tongdak, the Korean-style fried chicken franchise.

The two private equity firms acquired 100% of Norang Food through a special purpose company (SPC), Norang Holdings, in 2020.