Home Private Equity SK networks to Sell SK rent-a-car to Global Private Equity Firm Affinity

SK networks to Sell SK rent-a-car to Global Private Equity Firm Affinity

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The logo of SK networks
The logo of SK networks


On April 16, SK networks announced through the electronic disclosure system that it has selected Affinity Equity Partners, a Hong Kong-based private equity fund (PEF) manager, as the preferred bidder for the sale of its subsidiary, SK rent-a-car, which is the second-largest car leasing company in South Korea. Additionally, it disclosed the signing of a memorandum of understanding (MOU) to facilitate negotiations for the main contract.


The expected sale amount is estimated to be around 850 billion won. However, there may be potential variations during the negotiation process regarding specific terms and conditions in the future.


SK networks has identified the AI sector as a core growth area and is focusing its capabilities in that direction. The company has recently decided to sell its stake in SK rent-a-car to further stabilize its financial structure and utilize the proceeds from the sale as funds for future growth initiatives.


SK networks plans to strengthen its efforts to support smooth processes, including due diligence, while simultaneously enhancing endeavors to develop AI-centric business models and secure new growth engines.

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