Hanyang Securities. (Photo: Hanyang Securities)

 

 

[Alpha Biz= Kim Jisun] South Korean private equity firm KCGI has successfully completed the acquisition of a 29.6% stake in Hanyang Securities, marking the conclusion of a major M&A deal nearly 10 months after participating in the initial bidding process in August 2023.



On June 18, KCGI announced that it had acquired 3,766,973 shares at KRW 57,500 per share, totaling KRW 216.7 billion. The deal had faced delays due to a tax investigation that temporarily halted the financial regulator’s approval process for a change in controlling shareholder status. Following the conclusion of the investigation in May, the Financial Services Commission (FSC) granted final approval on June 11.



Jung Tae-doo, KCGI’s Co-CEO and founding member, led the entire acquisition process, from negotiating with Hanyang Foundation to coordinating investor recruitment, handling the tax audit, and navigating regulatory approvals.



KCGI leveraged its extensive experience in financial sector deals—including Korea Land & Housing Trust, Woori Bank’s privatization, KT Capital, HK Savings Bank, and the successful 2023 acquisition of Meritz Asset Management—to complete the transaction.



KCGI plans to transform Hanyang Securities from a small-to-mid-sized brokerage into a mid-tier player with over KRW 1 trillion in capital. The firm aims to restructure the company’s business portfolio and strengthen its asset management division by entering the retail bond market to expand its individual customer base.

 

 

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