Overview

• The Seoul Bankruptcy Court authorized Homeplus to seek a buyer through a prepackaged merger prior to final approval of its rehabilitation plan.
• Samil PwC was appointed as lead sales adviser to coordinate due diligence and negotiate terms with prospective buyers.
• A due diligence report valued Homeplus’ liquidation at 3.7 trillion won, exceeding its 2.5 trillion won going-concern valuation by 1.2 trillion won.
• Homeplus holds total assets worth 6.8 trillion won, with substantial real estate interests underpinning its higher liquidation value.
• The prepackaged M&A aims to secure favorable terms for creditors and employees and normalize the company’s operations.