[Alphabiz=(Chicago) Reporter Kim Jisun] Global private equity fund (PEF) KKR has bet 400 billion won on TY Holdings, the holding company of Taeyoung Group.
The move is aimed at securing the stability of the management of Taeyoung Construction, an affiliate of Taeyoung Group.
According to the investment banking (IB) industry on the 17th, KKR will purchase 400 billion won in corporate bonds issued by TI Holdings. The funds raised through KKR are supported by Taeyoung Construction. In this regard, TY Holdings decided to lend 400 billion won to Taeyoung Construction for four years from the 26th.
KKR is a global investment company based in New York, USA, founded in 1976. It entered into a strategic partnership with TY Holdings in 2020.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
