JKL pockets $150m from Pan Ocean block

South Korean private equity firm JKL Partners has raised W170.3bn ($150.3m) after offloading a chunk of shares in Pan Ocean Co, with an early non-deal roadshow putting the deal on a solid footing.

  • By Jonathan Breen
  • 14 Sep 2017

The vendor, operating through its unit Poseidon 2014, launched an overnight sale of 27.2m shares in the Korean shipping transport company on Wednesday evening after the local markets closed.

When sole bookrunner Bank of America Merrill Lynch began taking orders, it was confident about getting enough demand, thanks ...

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