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    Home»Deals»NH Investment finances Carlyle’s $2 bn deal to buy Siemens mechanical drives unit
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    NH Investment finances Carlyle’s $2 bn deal to buy Siemens mechanical drives unit

    February 26, 20211 Min Read
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    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

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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