Ropes & Gray, Gibson Dunn advise 1.5bn investment in Korean cement manufacturer

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Global investor Coller Capital and South Korean private equity firm Hahn & Company have jointly led a USD1.5 billion transaction for South Korean cement company Ssangyong C&E. Gibson Dunn advised Hahn & Co, while Ropes & Gray advised Coller Capital.

Coller Capital and its consortium were the largest investor group, while Hahn & Co deployed funds into Ssangyong C&E for the third time.

Ropes & Gray’s cross-office team was led by asset management partners Isabel Dische in New York and Vincent Ip in Hong Kong, private equity partners Lee Jaewoo in Seoul and Oliver Nip in Hong Kong, tax partner Dan Kolb in New York, litigation partner Brendan Hanifin in Chicago, and litigation counsel Steve Kaye in Boston.

Gibson Dunn’s team in Hong Kong was led by partners Albert Cho and Brian Schwarzwalder. Of counsel Loren Lembo in New York advised on tax aspects, while partners Arthur Long in New York advised on issues related to the Bank Holding Company Act and Michael Collins in Washington advised on matters involving the Employee Retirement Income Security Act.

The investment aims to strengthen Ssangyong C&E’s position through market consolidation, divest the company’s non-core assets to improve operational efficiency and strategically transform it into South Korea’s leading waste management group.

Hahn & Co specialises in buyouts and corporate restructuring, while Coller Capital provides liquidity solutions to private market investors, and acquires interests in private equity, private credit and other private markets assets.