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Shinhan joins in Australian firm's $85 mn refinance deal


4 HOURS AGO
(Courtesy of TEEG)
South Korea s Shinhan Investment Corp. has participated in a A$110 million ($85 million) refinancing package for Australia s Entertainment and Education Group (TEEG), marking its direct deal sourcing for global investors.
The refinancing was arranged for Sidney-based Quadrant Private Equity, a major shareholder of TEEG, the largest indoor entertainment center operator in Australia and Southeast Asia, according to the Maeil Business Newspaper on Apr. 29.
Shinhan secured the investment deal directly from Quadrant and sold down to unidentified global investors, using its network with the private equity firm. Back in late 2019, the Korean brokerage firm had joined in acquisition financing for Quadrant. At the time, Shinhan underwrote the Korean tranche of an undisclosed sum and sold down to domestic investors. ....

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