BDA Partners among top advisors, as Korean M&A rebounds

Korea’s M&A market showed encouraging signs of recovery during 3Q24, with optimism surrounding potential interest rate cuts and restructuring efforts from large conglomerates driving increased deal activity. PE funds aggressively pursued M&A opportunities, which led to a notable rise in high-value transactions. Five deals exceeded KRW1 trillion (US$750m) in 3Q24, compared to just one in 1H24.

Among the highest profile transactions during this period was the KRW2 trillion (US$1.5b) acquisition of Ecorbit, underscoring Korea’s active deal environment. BDA Partners played a key role in the transaction, advising the buyer, IMM Consortium, working across the table from UBS and Citi. This involvement has led BDA Partners to secure its place near the top of the M&A league tables for corporate acquisitions with a total transaction value of KRW 2.07 trillion in 3Q24.

This surge in large-scale deals reflects growing confidence in the market, as both local and international players capitalise on the improving financial advisory landscape. With interest rates expected to decline, even more M&A opportunities are likely to emerge, particularly in sectors such as waste management and semiconductors. BDA Partners, with its extensive experience, is well-positioned to navigate high-value transactions, as the market outlook remains positive.

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