Samil PwC announced on the 22nd that it has signed a memorandum of understanding (MOU) with New Paradigm Investment, a startup scale-up specialized accelerator, to promote mergers and acquisitions (M&A) for startups.
Samil PwC and New Paradigm Investment will establish a joint cooperation system to promote the strategic growth of startups. To this end, they plan to collaborate in various fields, including the establishment and execution of M&A strategies, the provision of accounting, tax, and financial services, linking investor networks, and post-growth support.
YIDO Lee, head of the Samil PwC Unicorn Support Center, noted, “Recently, in the startup ecosystem, M&A has firmly established itself as a strategic means not merely as an exit strategy but as a way to enter new markets and secure core competencies,” and added, “We will continue to provide concrete support so that startups can professionally address management challenges they encounter at each stage of growth.”
Park Je-hyun, co-CEO of New Paradigm Investment, emphasized, “M&A is a comprehensive growth tool that enables startups to leap to become ‘game changers’ in the market,” and added, “Through this agreement, we will help the structural growth of startups.”
Meanwhile, the Samil PwC Unicorn Support Center is a startup consulting platform that launched in 2021. It provides integrated services, including investment attraction consulting, management consulting, and accounting and tax audits, aiming to establish a foundation for scaling up in the startup ecosystem.