SEOUL, Jan 2 : Bain Capital is shopping for a 43.66 per cent stake in South Korea’s Echo Marketing, which owns native activewear model Andar, from its founder and one other shareholder for 216.6 billion received ($150.14 million), Echo stated in a regulatory submitting on Friday.
The U.S. funding agency can be making a young provide for the remaining roughly 56.4 per cent stake in Echo Marketing, the Korean firm stated, on the identical worth of 16,000 received per share.
Shares of Echo Marketing jumped 30 per cent to 13,910 received on Friday after the news of the deal.
($1 = 1,442.6800 received)