The Firm represented Woori Blackstone Korea Opportunity Private Equity Fund I, a Korean private equity fund operated under joint general partnership between The Blackstone Group and Woori Private Equity, in its minority investment in NS Shopping Co., Ltd., the 5th largest home shopping company in Korea. The investment was jointly made with Shinhan BNP Paribas Asset Management Co., Ltd.
Established in 2001, NS Shopping is a South Korean operator of a cable television shopping channel and an Internet shopping mall, with main focus on food and agricultural products. NS Shopping is part of the Harim Group, a leading processor of poultry and other food products in Korea.
The Simpson Thacher team for the transaction included Jin Hyuk Park, Richard Lin and Iksoo Kim (M&A) and David Vann and Étienne Renaudeau (Antitrust).
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