Mega-deals of the Week: Interline and Kyobo Life


June 1, 2012

The deals of the week are Interline Brands, a USD 1.1 billion private equity transaction involving Goldman Sachs Capital and P2 Partners.


The other transaction underway is the buyout of Kyobo Life in deals worth up to USD1.4 billion, as reported by Reuters. Daewoo International Corp and state-run Korea Asset Management Corp are offering about a one-third stake in the life insurance company in two separate sales. Many of the bidders are private equity consortia.


Interline said that the deal had full support of shareholders and that in addition to equity from funds managed by GS Capital Partners and P2 Capital Partners, it anticipated that certain members of management would invest a portion of proceeds from the transaction into the new entity.


GS Capital Partners and P2 Capital Partners secured debt financing from Goldman Sachs and Bank of America.

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