Shinhan Investment Corp Completes Overseas Senior Acquisition Financing Sell-Down for Hong Kong Subsidiary

Shinhan Investment Corp. announced on the 15th that it has completed the sell-down of approximately KRW 100 billion in senior acquisition financing, in which it participated as the lead arranger overseas.

The merged companies, Vistra and Tricor, rank second globally in the Fund & Corporate Service (F&CS) industry, which provides services such as global expansion consulting, overseas subsidiary establishment and management, M&A, asset securitization, IPOs, and new share issuance throughout the corporate and fund lifecycle.

This deal involves senior acquisition financing loans related to the merger of Vistra and Tricor, the second largest companies in the global F&CS market. The senior merger loan was directly sourced from BPEA EQT, a global private equity (PE) firm based in Hong Kong.

Shinhan Investment Corp.'s Hong Kong branch has built a strong track record by closing five deals with BPEA EQT since 2019. It has strengthened its local deal sourcing network in Hong Kong by successfully arranging acquisition financing for global IT service company Virtusa Corporation and global IT consulting and solutions provider Hexaware Technologies, among others.

Vistra and Tricor operate in more than 50 countries across Asia, Europe, and the Americas, providing these services. Over 9,000 employees manage assets for global corporate and fund clients.

Through this merger, the companies will secure the position of the second largest player globally by revenue, enabling the provision of advanced services required throughout the corporate and fund lifecycle through synergy effects. It is expected to have superior competitiveness compared to other companies in terms of country and service coverage.

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