[Alpha Biz=(Chicago) Reporter Paul Lee] KB Securities will participate in the sale of Simon & Schuster, one of the three largest publishing companies in the United States, as a takeover financing company.

According to the investment banking (IB) industry and KB Securities on the 20th, KB Securities has decided to raise $150 million (about 203.8 billion won) in acquisition financing in a deal to sell Simon & Schuster to KKR, a global private equity fund operator.

The total amount of mergers and acquisitions (M&A) is $ 1.62 billion, of which acquisition financing is $ 1.21 billion.

Simon & Schuster is the third-largest publisher in the United States and has a contract with best-selling writers such as Stephen King, who wrote "The Misery" and "The Shawshank Escape", Colin Hoover and Walter Isaacson, and currently holds more than 36,000 book intellectual property (IP).

The demand for the acquisition financing was three times the amount of recruitment, and KB Securities is reportedly the only Korean financial company to participate thanks to its network with overseas IBs and abundant overseas acquisition financing track records.

 

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