January 19, 2017 6:01 PM ET

Chemicals

Company Overview of Daesung Industrial Gases Co., Ltd.

Company Overview

Daesung Industrial Gases Co., Ltd. produces and sells various gases and related products in South Korea. The company provides industrial gases, such as oxygen, nitrogen, argon, and hydrogen; specialty gases for semiconductors, ultra-high purity gases, standard gases, gas mixtures, and other specialty gases. It delivers gases through pipe-line and on-site distribution systems. The company also designs, produces, imports, sells, and distributes gas facilities and equipment, such as gas generation systems, gas purifying facilities, cryogenic equipment, gas analyzers, gas application equipment, and specialty gas engineering products, including gas purifying, filling facilities, etc. In addition,...

Gwanhun-Dong 155-2

Jongro-gu

Seoul,  110-300

South Korea

Founded in 1979

Phone:

82 2 721 0800

Key Executives for Daesung Industrial Gases Co., Ltd.

Chief Executive Officer
Age: 74
President
Age: 69
Senior Managing Director
Age: 63
Managing Director
Age: 61
Managing Director
Age: 57
Compensation as of Fiscal Year 2016.

Daesung Industrial Gases Co., Ltd. Key Developments

Investors Reportedly Seeks To Acquire Daesung Industrial Gases

SK Holdings Co., Ltd. (KOSE:A034730) said it submitted a non-binding bid to buy Daesung Industrial Gases Co., Ltd. that has been put up for sale by The Goldman Sachs Group, Inc. (NYSE:GS) and others in a deal a source said could be valued at around $2 billion. Shareholders in Daesung Industrial Gases, including Goldman and Daesung Group Partners.Co.,Ltd., put up for sale the 100% stake in the firm earlier this year. Besides SK, The Blackstone Group L.P., KKR & Co. L.P. and The Carlyle Group LP also submitted non-binding bids, South Korean online media Money Today reported, citing unnamed industry sources. Goldman Sachs, Blackstone, KKR and Carlyle declined comment. A spokesman for SK Holdings could not be immediately reached for comment.

Blackstone Reportedly Considers Bid For Daesung Industrial

The Blackstone Group L.P. (NYSE:BX) is weighing a bid for Daesung Industrial Gases Co., Ltd. this is 48% owned by Goldman Sachs Group Inc (NYSE:GS), Pulse reported on November 24, 2016. In preparation for a potential bid, Blackstone recently retained BoA Merill Lynch as adviser, the South Korean business news portal said, citing multiple investment banking sources. BoA Merill Lynch was the party that provided Blackstone with materials on the deal and has contacted commercial lenders to arrange financing for the bid, the sources said.

Daesung Industrial Reportedly Up For Sale

Daesung Industrial Gases Co. is reportedly up for sale. A bidding race to take over Daesung Industrial Gases Co. whose sale price is estimated at about KRW 1.5 trillion. According to sources from the investment banking industry The Goldman Sachs Group, Inc. (NYSE:GS) and Daesung Group Partners.Co.,Ltd. the two largest stakeholders of Daesung Industrial Gases, aim to receive preliminary bids for the nation’s major industrial gas provider by early next month. The letter to invite buyers to the auction was sent out to more than 20 companies and private equity funds at home and abroad, of which about 10 have reportedly replied with intent. Competitors on the list are expected to include Korea’s SK Group, Linde Aktiengesellschaft and Praxair, Inc. (NYSE:PX) along with PEFs such as MBK Partners, The Carlyle Group LP (NasdaqGS:CG) and KKR & Co. L.P. (NYSE:KKR). The final list of preferred bidders would be unveiled around early December 2016. SK Group, who selected Credit Suisse as its deal advisor, has emerged as a strong contender.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 14, 2016
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