Singapore PE firm Affirma Capital to acquire S Korean steel makers for $76.9m

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.

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