Singapore-based private equity firm Affirma Capital will acquire a 70% stake in South Korean steel manufacturer SeAH FS and a 50% stake in SeAH ESAB for $76.9 million, according to an announcement.
SeAH FS, a wholly-owned subsidiary of Korean diversified group SeAH Holdings, produces steel tubes for automobiles and home appliances. The company operates across Korea, China, Thailand, India, Indonesia, and Mexico.
