[HEADLINE]
Curious Partners Invests 300 Billion Won in Ido Through Structured Deal
[BYLINE]
By Staff Reporter
[ARTICLE]
Curious Partners, a private equity fund (PEF) manager specializing in corporate restructuring, is making a 300 billion won structured investment in Ido.
According to investment banking (IB) industry sources on the 4th, Curious has completed key procedures including the main investment contract with Ido and will finalize the investment process by mid-month. Curious raised a total of 300 billion won, comprising 105 billion won from its blind fund, 45 billion won from a newly formed project fund, and 150 billion won in acquisition financing.
Curious secured investment stability through a tightly structured deal including minimum EBITDA targets, net debt reduction requirements, and call and put options. The firm plans to exit through Ido's initial public offering (IPO) or business unit spin-offs, targeting an internal rate of return (IRR) of 13%.
Founded in 2014, Ido operates four business segments: environment, infrastructure, golf and leisure, and real estate. Based on its specialized operations and maintenance (O&M) capabilities, the company is expected to post revenue of approximately 420 billion won and EBITDA of around 70 billion won this year.
With this investment, Ido will improve its financial structure by selling prime assets and reorganize its business around its core environment and infrastructure segments. The company had previously made large-scale investments for business expansion, which increased its debt burden. The maturity of existing redeemable convertible preferred shares (RCPS) also contributed to the decision.
Ido ultimately selected Curious as its new investor and decided to raise 300 billion won in fresh capital. The company plans to use the funds to relieve financial pressure and pursue structural improvement. Ido also intends to accelerate its IPO through asset sales and profitability enhancement. As part of this effort, the company sold Club D Geumgang, one of the assets slated for sale, for 90.5 billion won in September this year.
[DISCLAIMER]
This article was automatically translated from Korean using AI. For accuracy, please refer to the original article.
Original: [원문 URL]
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Meta Description: Curious Partners invests 300 billion won in Ido through structured deal combining blind fund, project fund, and acquisition financing, targeting 13% IRR via IPO exit.
Keywords: Curious Partners, Ido, private equity, structured investment, corporate restructuring, EBITDA, IPO, acquisition financing, Korea PEF
Hashtags: #PrivateEquity #CuriousPartners #Ido #KoreaPEF #StructuredFinance #CorporateRestructuring #IPO
Q&A:
Q: How much is Curious Partners investing in Ido?
A: Curious Partners is investing a total of 300 billion won, comprising 105 billion won from its blind fund, 45 billion won from a newly formed project fund, and 150 billion won in acquisition financing.
Q: What is Curious Partners' target return on this investment?
A: Curious Partners is targeting an internal rate of return (IRR) of 13%, planning to exit through Ido's IPO or business unit spin-offs.
