Cleary Gottlieb is representing MBK Partners in the sale of Daesung Industrial Gases Co. Ltd. (Daesung Industrial Gases) to Macquarie Infrastructure and Real Assets.
The transaction, which was announced on December 16, 2019, is expected to close in the first quarter of 2020, subject to customary closing conditions including regulatory approvals.
Established in 1979, Daesung Industrial Gases is a leading industrial gas producer 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.
Established in March 2005, MBK Partners is the largest private equity firm in Korea and one of the largest private equity groups in the Asia-Pacific region with more than $15.7 billion in capital under management (according to the official website of MBK Partners).