Recent Advisory Engagements
Recent advisory cases
A selection of M&A engagements Samjong KPMG has advised on — across sales, acquisitions, and fundraising — showcasing accumulated experience and expertise.
Sale of Jungbu Country Club — A Prestigious Golf Course Owned by Aekyung Group
| Company | Aekyung Jugbu Country Club (AK Holdings) — One of the most prestigious golf courses in Korea |
|---|---|
| Industry | Golf Course and Leisure |
| Scope | Sell-side Advisor |
| Period | 2025 |
Lead Partner
Hyungju, Kim
Deal Type
Controlling Stake Sale
Counterparty
The Siena Group (Business Transfer)
Deal Size
Undisclosed
Summary
Under a mandate from AK Holdings, advised on the sale of Jungbu Country Club, held by Aekyung Jungbu Country Club, to Siena Group through a business transfer.
Key Points
- With market value falling short of the target price, focused on strategic investors valuing bolt-on synergies over returns-driven financial investors
- Drew out bids above initial expectations through active marketing and persuasive negotiation
- Navigated multiple hurdles, including due diligence, to close the transaction as a business transfer
- Resolved early uncertainty around the financial soundness improvement plan, securing an advantageous position for subsequent M&A transactions
Full Description
In 2025, Samjong KPMG, through joint marketing with Deal Advisory Division 5, won a mandate from AK Holdings Co., Ltd. to advise on the sales of Aekyung Industrial Co., Ltd. and Aekyung Jungbu Country Club Co., Ltd., and provided sell-side advisory services on the sale of Jungbu Country Club, held by Aekyung Jungbu Country Club Co., Ltd. and its related parties, to Siena Group through a business transfer.
Although market value fell short of the company's target price, Samjong KPMG focused its marketing on strategic investors (SIs) that would value post-acquisition bolt-on synergies, rather than returns-driven financial investors (FIs), and conducted an active campaign. As a result, persuasive negotiation in the final stages drew out bids above initial expectations, surprising the market. While the deal faced several hurdles on the way to closing, including due diligence, it ultimately resolved early uncertainty around the company's financial soundness improvement plan — laying the groundwork for an advantageous position in other M&A transactions to follow.