Euh Ho-sun, an executive director at Goldman Sachs’ Seoul office, handed in his resignation recently to establish his own private equity firm (PEF), according to industry sources and media reports.
Better known as the son of former KB Financial Group Chairman Euh Yoon-dae, he has advised on large-scale acquisition deals and various capital markets transactions, including those involving Samsung and Hyundai Motor Group.
He supervised the U.S. investment bank’s advice on Hyundai Motor Group last year, regarding the group’s acquisition of a controlling stake in the world’s leading robotics firm, Boston Dynamics, for $880 million.
With his understanding of Samsung as a former employee of the top Korean conglomerate’s brokerage arm, Samsung Securities, Euh also took part in Goldman Sachs’ handling of the initial public offering (IPO) of Samsung SDS in 2014, Samsung Display’s acquisition of shares in Corning in 2013 and Samsung Life Insurance’s IPO in 2010.
Based on his 14-year track record at Goldman Sachs, Euh is expected to start his new career after a three-month prohibition of competitive transaction period. If he establishes his own firm, he will join his previous colleagues, who decided to enter the private equity industry.
Source: Korean Times
