Corporate Press Release
Credit Suisse named Best M&A House and Best Brokerage House in Korea by The Asset
The Asset is a leading industry business publication in Asia Pacific and today’s announcement marks a continuation of the bank’s excellent track record in Korea. In addition to The Asset, Credit Suisse was also awarded Best Investment Bank in Korea in Euromoney’s Awards of Excellence as well as AsianInvestor’s Best Sell-Side Broker, Equities in Korea in 2013.
Chun Kee Lee, Korea CEO, said: “Today’s announcement reflects the excellent reputation we have maintained in Korea as a leading bank in a highly competitive environment. We are particularly thrilled to be named Best Brokerage House in Korea, where we have enjoyed a leading position as an equity broker to foreign institutional investors."
In the period under review, Credit Suisse executed a number of landmark transactions across mergers and acquisition and capital markets in Korea. In M&A, it acted as financial advisor to two of STX Offshore and Shipbuilding’s restructuring transactions in 2014: STX Europe’s sale of a 100% stake in STX Finland to a consortium consisting of Meyer Werft and the Finnish Government, and STX Offshore and Shipbuilding’s sale of a 100% stake in STX Canada Marine to VARD Marine. It also acted as an exclusive buyside advisor to BS Financial Group on its acquisition of a 56.9% stake in Kyongnam Bank for US$1.21 billion, as well as NH Financial Group’s acquisition of Woori Investment & Securities, Woori Aviva Life Insurance and Woori FG Savings Bank from Woori Financial Holdings for a total of US$1.03 billion.
In capital markets, Credit Suisse acted as joint bookrunner for Samsung Life Insurance’s combined US$791 million block trade in April and June 2014, as well as SK Hynix US$118 million block trade in April 2013. Apart from the Republic of Korea dual currency bond offering, it also acted as a joint bookrunner for the CHF225 million dual tranche bond issue for the Export-Import Bank of Korea, Korea East-West Power US$500 million unsecured notes offering and Kookmin Bank US$500 million senior unsecured floating rate notes to name a few.
The securities business at Credit Suisse Korea was established in 1995 and it comprises of core services including corporate finance, equity brokerage and trading, equity research and fixed income sales. As Korea’s top equity brokerage house in the last decade, clients have been benefiting from Credit Suisse’s outstanding distribution capabilities and aftermarket support.
Other house awards Credit Suisse has won across the region in The Asset’s Triple A Country Awards 2014 include Best Foreign Investment Bank and Best M&A House in Malaysia, Best Equity House in Indonesia, first time winner of Best Foreign Investment Bank in Philippines and Pakistan, Best Foreign Investment Bank and Best M&A House in Singapore and Best Foreign Investment Bank in Vietnam.