MBK Partners, 2 Chinese firms vie for CJ Cheiljedang’s $4 bn bio business

Quick Summary:

GROUPWIDE RESTRUCTURINGCJ Cheiljedang, the flagship unit of Korea’s food-to-entertainment conglomerate CJ Group, has put up its bio business for sale in line with the parent group’s restructuring efforts to revive sagging sales at its two growth pillars: food and entertainment.CJ ENM Co.is Korea’s top entertainment company.

According to investment banking industry sources on Thursday, MBK and China’s two biotech firms – Guangxin Group and Meihua Group – are in the final competition stage, conducting due diligence on CJ’s bio business.

North Asia-focused private equity firm MBK Partners and two leading Chinese biotechnology firms are vying for the management control of CJ Cheiljedang Corp.'s bio business in what would be the largest M&A deal in South Korea this year.

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Article Details

Category: Economy

Markets: South KoreaBrazilChinaIndonesia

Topics: Meihua Company Firms Food Cheiljedang Business Sales Guangxin Group Sources Trillion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 11:13:44 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Korea Economic Daily

News ID: 26110493

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