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JKL Partners Launches Hundreds of Billions Fund to Acquire HMM

Business / 폴 리 / 10/26/2023 02:07 AM
 

 

[Alpha Biz=(Chicago) Reporter Paul Lee] JKL Partners, which has taken over HMM (011200) with Harim (136480) Group, has raised hundreds of billions of won.

According to the investment banking (IB) industry on the 26th, JKL Partners has recently actively contacted domestic and foreign institutional investors and is seeking to create a project fund to acquire HMM (financing after determining investment targets). The IB industry expects the total size to be between 500 billion won and 600 billion won.

The sale side plans to proceed with the main bidding on the 23rd of next month and then select the preferred bidder. Harim and JKL Partners are speeding up their funding earlier. Pan Ocean, a subsidiary of Harim Holdings (003380), sold its 5.85% stake in Hanjin Kal to Hoban Construction to raise 162.8 billion won. 

 

Considering that Harim's cashable assets are about KRW 1.1 trillion as of the end of June, it is estimated that the cash available for the successful creation of the fund by JKL Partners will easily exceed KRW 1 trillion.

 

 

AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)

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