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New York, NY, December 18, 2020 --(PR.com)-- BDA Partners is pleased to announce that its client,
Hyosung Corporation (“Hyosung”), has sold Hyosung Capital to ST Leaders Private Equity, an emerging
Korean financial sponsor.
Hyosung Capital is the specialized credit finance unit of Hyosung, focused on leasing and rental
businesses across multiple sectors. Hyosung Capital offers a diversified portfolio of traditional lease and
rental services to alternative investments, based on best-in-class risk management and core competence in
new market development.
Hyosung Capital achieved a record profit in Q3 2020, notwithstanding the COVID-19 pandemic, driven
by a well-balanced portfolio and outstanding credit management.
The sale was valued at greater than US$340m for 97.5% in Hyosung Capital, after strong competition
from several bidders. The final price is equivalent to more than 1.0x book value at the closing date.
BDA Partners was the exclusive financial advisor to Hyosung on the transaction.
Charlie Maynard, Senior Managing Director and co-founder of BDA Partners, commented, “We’re very
pleased to have worked for Hyosung to help consummate this transaction, and to secure attractive terms
for a key client. We are pleased that BDA has added real value for Hyosung by achieving a strong
outcome. We will continue to do so, going forward.”
Howard Lee, Managing Director and Head of Seoul at BDA Partners, commented, "We’re proud to have
advised Hyosung Corporation on its successful divestment. The transaction continues the strong
momentum for our FIG practice, and demonstrates the depth of our relationships and experience in the
Korean M&A market, connecting blue chip corporates with the most ambitious private equity firms. BDA
Partners has successfully driven this transaction to close in a tight timeframe, under strict parameters.
This highlights BDA’s strengths in optimising the sale process and achieving a premium result."
Deal Team
Charlie Maynard, Senior Managing Director, London
Howard Lee, Managing Director, Seoul
Ryan Jung, Director, Seoul
Denis Shin, Vice President, Seoul
Brian Lee, Vice President, Seoul
Josh Moon, Analyst, Seoul
Sung Won Kim, Analyst, Seoul
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businesses. The Hyosung Group comprises over 50 subsidiaries and has an extensive global
manufacturing and sales network around the World. www.hyosung.com
BDA Partners has strategic partnerships with William Blair, a premier global investment banking
business, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with
US$150bn of assets. www.bdapartners.com
US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc., a broker-dealer
registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the
Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorized and
regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd. is licensed
and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated
activities to professional investors.
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Contact Information:
BDA Partners
Euan Rellie
212-265-5300
Contact via Email
www.bdapartners.com
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