Taekwang Industry’s M&A Strategy Shifts Toward Getting Its Money Back First

Taekwang Industry is drawing attention in South Korea’s M&A market for a change in how it approaches acquisitions. After buying Aekyung Industry and Dongsung Pharmaceutical, the company has joined the bidding for Nexflex.

The Nexflex contest has formed a four-party alliance involving Taekwang, a private equity firm, a securities company and a KOSDAQ-listed company. The headline points to a notable feature of Taekwang’s approach: it intends to recover its investment first rather than directly run the acquired business.

That approach contrasts with the company’s emergence as a major buyer in the domestic M&A market. The available text does not provide details of the bid, the proposed ownership structure or how Taekwang would recover its investment.