@soxx_i

Hanwha's Kim Dong-sun sells 'Five Guys' for around 60B KRW, making a 3x profit Private equity firm (PEF) H&Q Equity Partners has acquired the South Korean market operational rights for the American premium burger franchise Five Guys. Hanwha Galleria announced that it has selected H&Q Equity Partners as the preferred bidder and signed a Memorandum of Understanding (MOU) regarding the sale of shares. The target of the sale is a 100% stake in FG Korea, which holds the domestic operational rights for Five Guys. The sale price is expected to be between 60 billion and 70 billion KRW. Hanwha Galleria will achieve about a 3x profit through this sale.