• Thu. Aug 18th, 2022

Hahn & Co creates $1.5 billion continuation fund for cement maker Ssangyong C&E

ByRandall B. Phelps

Jul 26, 2022

South Korean private equity firm Hahn & Company completed Asia’s largest GP-led secondary transaction to date with the formation of a $1.5 billion continuation vehicle for cement producer Ssangyong C&E.

Coller Capital and its co-investors co-led the transaction and were the largest group of investors.

Hahn & Co. is rolling out funds to the company for the third time. He said Ssangyong continues to deliver on the company’s core investment through market consolidation, divestment of non-core assets and strategic transformation.

Peter Kim, Partner and Head of Asia at Coller Capital, said: “We are delighted to co-lead this transaction in partnership with a blue chip company such as Hahn & Co. and to invest in one of trophy assets from Hahn & Co.

“Our first-hand expertise in Korea, along with our strong relationship with Hahn & Co., enabled us to undertake extensive due diligence and execute this large and complex transaction. We look forward to further utilizing our expertise to develop the private equity secondary market in Korea. »

Scott Sang-Won Hahn, CEO of Hahn & Co, added, “This partnership with Coller Capital and a leading global secondary player represents a significant milestone in Korean private equity and shows how private equity firms can be long-term successful owners. companies capable of transforming businesses and industries.

Hahn & Co reportedly closed its third $2.7 billion buyout fund and $500 million co-investment fund in 2019.

The company was founded in 2010 by former Morgan Stanley executive Scott Hahn. It has $5.6 billion in assets under management according to its website.

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