Standard Chartered Private Equity In Dasan Swap

Standard Chartered Private Equity (SCPE) says it has become the second-largest shareholder in Dasan Networks, a telecom network solutions provider in Korea listed on KOSDAQ.  SCPE now owns 18.6% of the shares following the conversion of exchangeable and convertible bonds upon their maturity.

Headquartered in Bundang, Korea, Dasan is the incumbent leader in Korea’s telecom network equipment and solutions industry. It serves blue chip clients such as Korea Telecom, SK Broadband, and LG U Plus. Dasan is described as one of the first telecom network companies to successfully penetrate international markets such as Japan and India. Its international clients include Softbank Broadband, PCCW, BSNL and Deutsche Telecom.

Andrew Dawson, chief operating officer at SCPE, comments: “Despite challenging market conditions, Dasan has taken the necessary measures to ensure that it grows from strength to strength on the international stage. It recently made a key acquisition and critical hires to best position itself to capture opportunities outside Korea.”

“The company continues to expand its client base in Europe and Japan and is making inroads in large emerging markets such as China, India, Indonesia and South Africa. We endorse the management’s international expansion strategy and are committed to supporting its expansion efforts.”