PwC performed vendor due diligence on the sale of Daesung Industrial Gases Co., Ltd. for MBK Partners Inc.

PwC Korea Deals Transaction Service team is pleased to announce the sale of Daesung Industrial Gases Co., Ltd.'s stake in MBK Partners Inc. to Macquarie Group Ltd.

Daesung Industrial Gases Co., Ltd. was founded as a joint venture between Daesung Industries and Air Liquide, a French company, in 1979 and has become the No.1 supplier of industrial and specialty gases in Korea.

Macquarie Infrastructure and Real Assets(MIRA)'s Macquarie Asia Infrastructure Fund, the buyer of this deal, invests in a variety of energy and infrastructure assets across Asia. 
Macquarie Group Ltd. has been investing infrastructures such as roads, power plants and oil storage in India, the Philippines, Singapore and China.

The PwC Korea Deals Transaction Service team, led by Dae-Joon Park and Nack-Pil Sung, performed vendor due diligence for MBK Partners Inc. and successfully closed the transaction.