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Hahn & Co. acquires controlling stake in Namyang Dairy Products
Continued corporate-level blunders since 2013 have fueled a nationwide public backlash against the dairy company
Chae-yeon Kim and Jong-kwan Park 3 HOURS AGO
South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares owned by the company’s former chairman Hong Won-sik and his family, at 310.7 billion won ($278.4 million).
Namyang Dairy Products is one of the country’s largest dairy and beverage producers. The dairy company generated a revenue of 948 billion ($848 million) in 2020 but still posted a net operating loss of 77.1 billion won ($69.1 million).
Hana, ECP signs $300 mn infra investment partnership
To look for debt deals in N. America, Europe and OECD countries
A-young Yoon 5 HOURS AGO
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(Source: Getty Images Bank)
South Korea s Hana Financial Investment Co. has signed a $300 million strategic partnership with US energy infrastructure-specialized firm ECP to invest in debts.
Under the partnership, they will deploy up to $300 million to debt investments across various infrastructure facilities in North America, Europe and other OECD countries, according to ECP s statement issued earlier this week.
They will look across various structures including senior, subordinated, and unitranche bonds. This partnership will allow us to support a wider range of borrowers across the return spectrum, said Mahmud Riffat, Principal and Co-Head of Credit at ECP. in the statement.