[The Bell] 'Engineering School Graduate' CEO Choi Seong-ho Takes the Helm, Law Firm Veat Specializes in Startup and Venture Advisory
Article posted in 2022-01-11 11:32:25 | VEAT
Law firm Veat was introduced as a rare case in which it provided advisory services in a transaction worth 1.5 billion KRW, among the top new law firms. Please refer to the article ‘Hidden Helper in Petfriends’ Sale – Law Firm Veat’ for detailed article content.
It was revealed that Law firm Veat had provided advisory services as the seller’s advisor in the investment of IMM Private Equity and GS Retail in the Petfriends deal last year. This is considered a rare case where a new law firm is entrusted with advisory services in a transaction worth 1.5 billion KRW.
Amidst participation of Law firm Sejong and Samuk PwC as the acquirer’s advisory firms, Law firm Veat drew attention for its role as the seller’s advisor. In 2020, the domestic M&A legal advisory market was dominated by six firms, including Kim & Chang Legal Services · Law Firm Gwangjang · Law Firm Taepyeongyang · Law Firm Sejong · Law Firm Yuwon · Law Firm Hwau, accounting for 70% of the market share.
Law firm Veat is an IT and venture-focused law firm established in 2015 by Mr. Seongho Choi, a graduate of Seoul National University’s Computer Science Department. It has provided legal advice to approximately 786 companies, ranging from startups to unicorn companies.
The Deal article.
Law firm Veat has provided overall legal advice, including M&A Deal structure discussions and term sheet legal review, investment agreement drafting and review, and it successfully concluded a transaction worth 1.5 billion KRW, proving its expertise and reliability despite being a new law firm established for less than 10 years.
Moving forward, Law firm Veat promises to continue providing legal advice to startups and IT technology-based companies based on its rich experience and skills.
Thank you.