PwC performed financial due diligence on R+S Group GmbH and Hansol Demark ApS for Hansol paper Co., Ltd.
PwC Korea Deal 6 team is pleased to announce the sale of shares in R+S Group GmbH and Hansol Denmark ApS to Harbour Investment.
R+S Group Gmbh is a Germany-based thermal paper processing and distribution company, acquired by Hansol Paper Co., Ltd. in 2015. Hansol Denmark APS, founded in 2013 to acquire Schades Holdings A/S which is the largest thermal paper processing and distribution company in Europe. It also is one of Hansol Paper's European subsidiaries. Hansol Paper Co., Ltd decided to sell both companies following declining business synergy.
Harbour Investment, Germany-based investment firm, acquired shares of R+S Group GmbH and Denmark ApS.
The PwC Korea Deal 6 team, led by Sung-Kun Jung, provided financial due diligence and successfully closed the transaction.
