Shinhan offers $77 mn debts in merger of Vistra, Tricor

South Korea's Shinhan Investment & Securities Co. said on Wednesday that it has led the merger of financial services firms Vistra and Tricor in Hong Kong, providing 100 billion won ($76.8 million) in senior secured debts for the deal and sold the securities to limited partners.

Vistra and Tricor operate in over 50 countries across Asia, Europe, and the Americas. With more than 9,000 employees, they manage the assets of global corporate and fund customers. Through the merger, the new entity has become the second-largest player in the fund & corporate service (F&CS) industry.

F&CS encompasses services required throughout the entire corporate and fund lifecycle, including global expansion consulting, overseas entity establishment and management, mergers and acquisitions, asset securitization, initial public offerings (IPOs), and new share issuances.

Shinhan has executed the lending under the commission of Hong Kong-headquartered PE firm BPEA EQT.

Since 2019, Shinhan's Hong Kong office has partnered with BPEA EQT in five deals, including the acquisition finance for Virtusa Corp, a global information technology services company, and Hexaware Technologies, a global IT consulting and solutions provider.

"We will continue to discover outstanding overseas acquisition finance deals by collaborating with global financial institutions and domestic institutional investors," a Shinhan Investment & Securities source said. 
 
Write to Eui-Myung Park at uimyung@hankyung.com