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Transactions - APRIL 26, 2022

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Gaw Capital Partners and IMM Investment enter into agreement to tap into Korea IDC Business

by Andrea Zander

Gaw Capital Partners has entered into various agreements with IMM Investment Corp., a Korean private equity firm, for Gaw Capital to make a strategic investment in Dreammark1 and form a mutual strategic partnership to grow Dreamline Co.

The partnership will further expand the Dreamline telecommunications business and is the first step for Gaw Capital to tap into the Korea IDC market. Gaw Capital will continue to seek additional opportunities in South Korea, where IDC demand has been growing due to the government’s policy of moving into cloud computing.

Established in 1997, Dreamline operates businesses in the ICT field based on the technology and expertise it has accumulated over the past 20 years. The company operates a nationwide optical fiber network providing high-speed leased lines to enterprise and hyperscale customers as well as data center services via its subsidiary Dreammark1.

Established in 2016, Dreammark1 is an internet data center (IDC) operator

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