Coller Capital and Hahn & Company (Hahn & Co) have closed the largest GP-led transaction in Asia. The transaction is for Ssangyong C&E Co, Ltd (Ssangyong), a Korean cement manufacturer actively expanding into waste management businesses.
The transaction’s total size is approximately $1.5 billion. Coller Capital and its co-investors were the largest investor group and co-led the transaction alongside another leading global secondary player, while Hahn & Co, deploying funds into the company for the third time, is committing a significant amount of capital. The mix of investors in the continuation vehicle formed for this GP-led transaction is intended to help ensure strong alignment among all of the transaction’s counterparties.
Ssangyong is one of Hahn & Co’s most successful investments to date, and the transaction demonstrates its continuing long-term relationship with the Company.
