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STIC Investments signs deal with facility management firm Gold Bricks

2018/05/16 18:11

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SEOUL, May 16 (Yonhap) -- STIC Investments, a South Korean private equity firm, said Wednesday it inked a deal with Gold Bricks FMS as its first investment with its multi-million-dollar fund.

The pact came after the company developed the "STIC Pan Asia 4th Industry Gross" private equity fund by raising 320 billion won (US$296.4 million).

Its first development target is Gold Bricks FMS (GBFMS), which is the sole firm in the country that provides integrated facility management services to businesses, the equity firm said.

On the back of the strong presence in the global market, GBFMS offers a wide range of services, including business contingency plans and risk management, it added.

"GBFMS will strengthen its services to global companies based on financial stability ... It also plans to further expand its business into the Asia-Pacific region, including the Japanese and Vietnamese markets," STIC Investments said in a release.

Officials of STIC Investments and Gold Bricks FMS pose for a photo after signing an investment contract on May 16, 2018. (Yonhap) Officials of STIC Investments and Gold Bricks FMS pose for a photo after signing an investment contract on May 16, 2018. (Yonhap)

graceoh@yna.co.kr

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