Mastern Partners Buys 10% Stake in Preedlife from VIG Partners
September 8, 2021
Mastern Partners, the private equity unit of Mastern Investment Management, has purchased a 10% stake in South Korea's largest funeral services provider Preedlife for about 50 billion won. The minority stake sale to Mastern, together with a recently completed 150 billion won recapitalization, will help diversify Preedlife's investment portfolio into alternative assets and allow VIG Partners to return capital to its limited partners.
- Buyers
- Mastern Partners
- Targets
- Preedlife
- Sellers
- VIG Partners
- Industry
- Healthcare Services
- Location
- Seoul, South Korea
- Transaction Type
- Recapitalization
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