Anchor PE Joins Yulgok Aircraft Parts Deal, Expanding Race to Four Bidders

Hong Kong-based private equity fund manager Anchor Equity Partners, known as Anchor PE, has joined the acquisition race for Yulgok, an aircraft parts company. According to a May 12, 16:07 report by Radar M, Maeil Business Newspaper’s paid capital markets outlet, the sale process has expanded into a four-way contest. The key point of the report is that Yulgok, a company tied to aircraft components, is now drawing competition among multiple acquisition candidates. Anchor PE’s entry may raise the level of competition in the process. However, the reported facts are limited to its participation and the formation of a four-way race. Source: mk.co.kr