This article was displayed on the ChosunBiz MoneyMove (MM) site at 4:24 p.m. on Feb. 27, 2026.
As the Stick Alternative Asset Management–Korea Investment Private Equity (PE) consortium was selected as the preferred bidder for the sale of a minority stake in SK Group's Ulsan GPS and Multi-Utility (MU), Hana Securities is expected to join Korea Investment & Securities Co., the existing acquisition financing arranger, as a lender.
According to the investment banking (IB) industry on the 27th, the Stick–Korea Investment & Securities Co. PE consortium, which is seeking to acquire a minority stake in Ulsan GPS and SK MU, is pushing a plan to appoint two securities firms as acquisition financing arrangers. Multiple securities firms have been approached, and Hana Securities is said to be a strong candidate to participate.
Hana Securities previously appeared as the acquisition financing arranger for the IMM consortium (IMM Investment–IMM Credit & Solutions), which took part in the bidding.
The Stick–Korea Investment & Securities Co. PE consortium is currently in full swing to attract equity investors. Of the total acquisition amount of 1.5 trillion–1.6 trillion won, it decided to raise more than half through acquisition financing and fill the remainder with equity. Hana Securities is understood to be considering not only arranging the acquisition financing but also making an equity investment.
With Stick Alternative Asset Management holding the lead in the consortium, Stick's equity contribution ratio is expected to be higher than that of Korea Investment & Securities Co. PE. If Korea Investment & Securities Co. PE puts up more capital, participation by Korea Investment & Securities Co. as an acquisition financing arranger could spark conflict-of-interest concerns.
The Stick–Korea Investment & Securities Co. PE consortium did not secure the full amount of the letter of commitment (LOC) required at the main bidding stage. It is said to have agreed to submit the remaining LOC within this month. The goal is to sign a stock purchase agreement (SPA) in April.