Shinhan Securities leads M&A of Trench Group

South Korea's Shinhan Securities announced on Friday that it participated as the lead underwriter in the merger and acquisition deal of Trench Group, the world's leading manufacturer of high-voltage transmission network components based in Germany, and completed the deal.

Shinhan Securities secured the position of the sole lead underwriter among Korean institutions in this Trench Group acquisition financing, providing 50 million euros ($53.9 million) of funds out of the total acquisition financing.

Shinhan Securities proposed fundraising to the global buyout private equity fund Triton Partners, the sponsor, immediately after the M&A contract was signed, and directly proceeded with major contract period negotiations and contract drafting.

Shinhan Securities, which has been accelerating the localization of global corporate finance business since last year, concluded acquisition financing contracts in New York and London by directly receiving assignments locally.

Shinhan Securities explained that the Trench Group acquisition financing deal was also an opportunity provided only to a limited number of investment institutions in London.

Write to Eui-Myung Park at uimyung@hankyung.com