Dongbu Corporation Consortium’s Acquisition of Hanjin Heavy Industries & Construction

Yoon & Yang advised Dongbu Corporation Consortium, which consists of Dongbu Corporation, Echoprime Marine Private Equity Fund, and NH-OPUS Corporate Financial Stability Private Equity Fund on the transaction.

Dongbu Corporation Consortium announced its acquisition of Hanjin Heavy Industries & Construction (“HHIC”) from Korea Development Bank and other shareholders. This transaction is meaningful because the Consortium’s acquisition of 66.85% of HHIC’s shares is expected to facilitate business normalization and end monitoring by creditor financial institutions. 

Dongbu Corporation constructs office buildings, hospitals, sports facilities, educational buildings, and apartment complexes. The Company also contracts civil engineering projects, such as dams, tunnels, subways, harbors, and water supply facilities. 

Yoon & Yang’s M&A team consisted of Kim Sangman (Picture), Yun Youngkyun, Park Ki Man, Park Yang Jin, Lee Se Bin, Kim Chang Hun, Hong Jung Mo, Kim Soomin, Hah Sung Hoon, Sun Min, Jung Ji Hye.

Involved fees earner: Park Ki Man – Yoon & Yang; Kim Chang Hun – Yoon & Yang; Jung Ji Hye – Yoon & Yang; Hong Jung Mo – Yoon & Yang; Sun Min – Yoon & Yang; Kim Sangman – Yoon & Yang; Lee Se Bin – Yoon & Yang; Kim Soomin – Yoon & Yang; Hah Sung Hoon – Yoon & Yang; Park Yang Jin – Yoon & Yang; Yun Youngkyun – Yoon & Yang;

Law Firms: Yoon & Yang;

Clients: Dongbu Corporation;

Sonia Carcano

Author: Sonia Carcano