SCPE now owns 18.6% of the shares following the conversion of exchangeable and convertible bonds upon their maturity.
Dasan Networks serves blue chip clients such as Korea Telecom, SK Broadband, and LG U Plus and its international clients include Softbank Broadband, PCCW, BSNL and Deutsche Telecom.
SCPE COO Andrew Dawson said that despite challenging market conditions, Dasan has taken the necessary measures to ensure that it grows from strength to strength on the international stage. It recently made a key acquisition and critical hires to best position itself to capture opportunities outside Korea.
"The company continues to expand its client base in Europe and Japan and is making inroads in large emerging markets such as China, India, Indonesia and South Africa. We endorse the management’s international expansion strategy and are committed to supporting its expansion efforts," added Dawson.
