PwC provided M&A advisory service on the sale of LG CNS Co., Ltd. for LG Group

PwC Korea Deals Transaction Service team is pleased to announce the sale of LG CNS Co., Ltd.'s shares in LG Group to Macquarie PE.

LG CNS Co., Ltd., a System Integration(SI) affiliate of LG Group, provides total IT solution such as IT consulting, construction and operation of system and outsourcing.
LG CNS Co., Ltd. has been leading the IT service market in Korea based on new technology such as cloud, AI, block chain and big data, and its in-house development platforms such as smart factory and smart city.

The buyer, Macquarie PE, has a strong overseas network with various experiences in global IT investments and has strengths in investments which involve smart logistics, infrastructure and real estate.
Macquarie PE is now the second largest shareholder of LG CNS Co., Ltd. after LG Corp.

The PwC Korea Deals Transaction Service team, led by Dae-Joon Park and Chang-Dae Choi, provided M&A advisory service for LG Group and successfully closed the transaction.