NH Investment & Securities Co., a brokerage unit of South Korea’s NongHyup Financial Group, has joined the financing syndicate behind Carlyle Group Inc.’s 2-billion-euro ($2.4 billion) deal to buy Siemens AG’s mechanical and electrical drives unit and expects a return of 5 percent per annum.

The Korean brokerage pooled about 300 billion won ($267.9 million) from domestic institutional investors to back the $2 billion buyout of German machinery maker Flender under Siemens by global private equity firm Carlyle Group, according to sources from the investment banking industry on Thursday.

NH Investment was the only Korean name to join the debt financing team of top-tier global banks, including Goldman Sachs, RBC, Commerzbank and Bank of China

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Source: Pulse News

By Kang Doo-soon and Lee Soo-min