HONG KONG :South Korean's IMM Private Equity has drawn interest from funds including KKR & Co, MBK Partners and Brookfield Asset Management for a minority stake in local industrial gas company AirFirst which it aims to sell for $1 billion, three people with knowledge of the deal said. The buyout firm is expec
HONG KONG :South Korean's IMM Private Equity has drawn interest from funds including KKR & Co, MBK Partners and Brookfield Asset Management for a minority stake in local industrial gas company AirFirst which it aims to sell for $1 billion, three people with knowledge of the deal said.
IMM PE acquired the South Korean assets of German industrial gases group Linde for $1.2 billion in 2019 and rebranded the company as AirFirst. Other potential bidders include BlackRock Inc and infrastructure-focused investment firm Stonepeak, said the sources.KKR, Brookfield and MBK declined to comment. BlackRock and Stonepeak did not immediately respond to requests for comment.
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