Ripplewood Bids For Daewoo
The private equity firm that until recently owned D&M Holdings is planning a return to the CE game. According to a report issued Thursday by the Stratecon Group, Ripplewood Holdings is preparing a bid to acquire the South Korean Daewoo Electronics Co.
Ripplewood is competing with an unnamed Russian investor over Daewoo, according to Stratecon. The creditors who currently own Daewoo are expected to choose a “preferred” bidder by Monday.