KIB Private Equity Co., Ltd, KIB CURO Second Acquisition Purpose Company completed the acquisition of a 37.359021% stake in Curo Co.,Ltd. from CUROCOM Co., Ltd., GNCO Co., Ltd., Q Capital Partners Co., Ltd., Qyuro F & B Co., Ltd. and Dongjun Kim
July 12, 2023
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KIB Private Equity Co., Ltd, KIB CURO Second Acquisition Purpose Company agreed to acquire a 37.359021% stake in Curo Co.,Ltd. (KOSE:A015590) from CUROCOM Co., Ltd. (KOSDAQ:A040350), GNCO Co., Ltd. (KOSDAQ:A065060), Q Capital Partners Co., Ltd. (KOSDAQ:A016600), Qyuro F & B Co., Ltd. and Dongjun Kim for KRW 51.9 billion on May 11, 2023. The transaction is expected to close on July 13, 2023. As of December 31, 2023, Curo Co.,Ltd generated total asset of KRW 192 billion, sales of KRW 105 billion and net income of KRW 11.3 billion.
KIB Private Equity Co., Ltd, KIB CURO Second Acquisition Purpose Company completed the acquisition of a 37.359021% stake in Curo Co.,Ltd. (KOSE:A015590) from CUROCOM Co., Ltd. (KOSDAQ:A040350), GNCO Co., Ltd. (KOSDAQ:A065060), Q Capital Partners Co., Ltd. (KOSDAQ:A016600), Qyuro F & B Co., Ltd. and Dongjun Kim on July 13, 2023.
GNCO CO. LTD. is a Korea-based company mainly engaged in the manufacturing and sale of casual apparels. The Company manufactures and sells womenâs and menâs casual apparels including outwear and underwear, and accessories including bags, shoes, ties, jewelries, gloves, among others under five brands, including Thursday Island, which is a urban vintage casual brand mainly for women; T.I FOR MEN, which is a men's casual brand mixing the formal and casual style; ELOQ, which is a unisex casual brand; LOUDMUT, a womenâs casual brand, and PHENOM, which is a concept store brand specializing in selling imported accessories in Northern European style. It distributes its products through distribution agencies, departments and online shopping malls www.gncostyle.com. In addition, the Company is involved in financial investment business.
KIB Private Equity Co., Ltd, KIB CURO Second Acquisition Purpose Company completed the acquisition of a 37.359021% stake in Curo Co.,Ltd. from CUROCOM Co., Ltd., GNCO Co., Ltd., Q Capital Partners Co., Ltd., Qyuro F & B Co., Ltd. and Dongjun Kim
GNCO CO., LTD. 
