Private equity firms the Carlyle Group, MBK Partners, Affinity Equity Partners and Corsair Capital are among the groups shortlisted to help finance Hana Financial Group’s acquisition of Korea Exchange Bank, Reuters said, citing a report by online news service MoneyToday. Hana is planning a $1 billion share sale to help fund its $4.1 billion acquisition of KEB.
(Retuers) South Korea’s Hana Financial Group Inc. has shortlisted bidders in a $1 billion share sale to help finance its planned acquisition of Korea Exchange Bank, local media reported.
Carlyle Group, MBK Partners, Affinity Equity Partners, Corsair Capital and two local brokerages had made the list of bidders, Online media outlet MoneyToday said on Wednesday.
A Hana spokesman said he was checking the report.
The country’s fourth-largest finance services firm by assets plans to fund about one-fourth of its $4.1 billion purchase of KEB via the share offering. (Reporting by Ju-min Park; Editing by Chris Lewis)