Hyundai LNG Shipping is negotiating a significant investment with Daishin Private Equity, which aims to acquire a stake in the company amid a growing demand for LNG in South Korea.

Information on the Target

Hyundai LNG Shipping Co. is a prominent player in the South Korean liquefied natural gas (LNG) shipping industry, with a significant operational history. The company has been pivotal in delivering natural gas shipments to Korea, serving under HMM (previously known as Hyundai Merchant Marine) since its nationalization in 2014. Hyundai LNG Shipping recently saw its sales increase from approximately 113.2 billion won in 2014 to 187.4 billion won last year, indicating robust financial growth and operational success.

The firm is currently fully owned by a consortium led by IMM Private Equity, which has put the company up for sale, aiming to fetch between 1.5 trillion and 2 trillion won. This sale is timed with the firm's ongoing discussions with Daishin Private Equity, which seeks to acquire a 10 to 20 percent stake in Hyundai LNG Shipping through a proposed investment of 100 billion won.

Industry Overview in South Korea

The LNG shipping industry in South Korea is experiencing a period of transformation, fueled by increasing demand for natural gas as a cleaner energy source. The country is one of the largest importers of LNG, wi