Suitors circle South Korean laundry chain Cleantopia in $500m+ sale process
South Korean private equity firm JKL Partners is preparing a shortlist of bidders for the sale of Cleantopia, the country’s largest laundry franchise operator, in a deal that could value the business between KRW700bn and KRW800bn ($504m-$576m), according to a report by the Korean Economic Daily citing investment banking sources.
