Korean lenders vie for a piece of M&A pie by joining financing

26-Jan-2021 Intellasia | PulseNews | 6:52 AM Print This Post

Banking majors are vying hard for a share in the vibrant mergers and acquisitions (M&A) activities in Korea.

The buyout race over Korea’s dominant job search site Jobkorea has drawn the country’s major banks and securities firms to join the financing.

MBK Partners prepping the final bid in late February has brought NH Investment & Securities onboard. CVC Capital Partners is teaming up with Samsung Securities and Hana Bank. Affinity Equity Partners is said to be in talks with KB Kookmin Bank, Shinhan Bank, and Shinhan Investment.

Hahn & Company’s project to refinance loans of around 2 trillion won ($1.8 billion) related to Hanon Systems, a local supplier of automotive thermal and energy management solutions it acquired in 2015, has attracted heated attention from lenders. Its refinancing project, co-managed by NH Investment & Securities and Samsung Securities, reportedly has been overbooked in the initial stage. The firm’s refinancing project on SK Shipping also drew strong demand.



Category: Korea

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