Lee & Ko provided efficient legal service involving Hana Financial Investment and Hahn & Company launching KRW 1 trillion fund to acquire full stake in Hahn & Co Marine Infrastructure Holdings. from the existing PEFs formed and managed by Hahn & Co.
Hahn & Co Marine Infrastructure Holdings holds 100% of the issued and outstanding shares in the capital of H-Line Shipping. Lee & Ko advised Hana and Hahn & Co as acquirers in this transaction, providing advice on a wide array of legal issues including reviewing the deal structure, performing due diligence, drafting and negotiating for the equity purchase agreement, drafting and negotiating for the Co-GP agreement governing the management and operation of Hahn & Co Marine Infrastructure Holdings and H-Line Shipping, post-closing.
Due to Lee & Ko’s excellent legal service, on May 8, 2020, (i) equity purchase agreement among the existing PEFs, Hana and Hahn & Co to sell and purchase 100% stake of Hahn & Co Marine Infrastructure Holdings at a total purchase price of USD 800,000,000, and (ii) Co-GP agreement governing the management and operation of Hahn & Co Marine Infrastructure Holdings and H-Line Shipping was successfully signed.
[Pulse] Hana Financial, Hahn & Co to create $1.5 bn fund to own Korea’s bulk carrier H-Line