Paul Hastings Advised HD Hyundai Marine Solution On Its $545 Million IPO

Paul Hastings Advised HD Hyundai Marine Solution On Its $545 Million IPO

Paul Hastings LLP advised HD Hyundai Marine Solution on its successful $545 million (KRW 742.3 billion) global offering and subsequent listing on the Korea Exchange.

J.P. Morgan, UBS, and KB Securities served as the joint global coordinators and joint bookrunners, with Hana Securities and Shinhan Securities acting as the joint bookrunners. The shares were priced at KRW 83,400 each, reaching the upper limit of the indicative range. Global Vessel Solutions, L.P., a special purpose entity fully owned by KKR, divested 4.45 million shares in the offering.

HD Hyundai Marine Solution, the flagship vessel aftermarket solution provider of the HD Hyundai Group, boasts a distinguished track record in delivering comprehensive solutions to its global clientele. Having serviced over 6,000 vessels and 2,000 customers across more than 100 countries since 2016, the company stands as a leader in the industry.

Proceeds from the IPO, earmarked for mergers and acquisitions, investments in inventory management, adoption of new technologies, and general corporate purposes, underscore HD Hyundai Marine Solution's commitment to strategic growth and innovation.

Partner Iksoo Kim led the Paul Hastings team, supported by Partner Dong Chul Kim, Associate Sye Myung Kim, and Attorney David Park, in facilitating this transaction.

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