The acquisition battle for IGIS Asset Management, the number one real estate asset management company in Korea, has garnered significant attention as it has become a showdown between major domestic insurance companies such as Hanwha Life and Heungkuk Life. However, as the deal progressed, Hillhouse Investment, a foreign private equity firm based in Singapore, has emerged as a strong acquisition candidate by offering the highest price proposal. During bidding on November 11, Heungkuk Life Insurance offered KRW 1.5 trillion, while Hanwha Life and Hillhouse Investment submitted bids in the mid-KRW 900 billion range, making Heungkuk Life the strongest candidate for acquisition. However, the seller then seller decided to […]