Attorney Jang Jae-young, who has led the M&A advisory institutional sector at Shin & Kim LLC, was appointed managing partner on the 13th. Shin & Kim on the day elevated a total of six attorneys, including Jang, to managing partner, establishing a 13-partner leadership structure.
New managing partner Jang, a 29th class graduate of the Judicial Research and Training Institute, worked at Yoon & Yang LLC before joining Shin & Kim LLC in 2005. Jang currently heads the corporate advisory·M&A group and is regarded as an expert steering mergers and acquisitions, joint ventures, and business restructuring transactions for domestic and overseas corporations and private equity funds.
In particular, observers said Jang's presence stood out in the rebalancing effort that SK Group has been pursuing recently. Jang helped SK ecoplant sell its environmental subsidiaries Renewus·Renewon·Renew Energy Chungbuk to KKR for about 1.8 trillion won last year. Although it was a high-difficulty transaction that required streamlining a complex ownership and business structure, Shin & Kim LLC closed the deal, taking on a key role in improving SK Group's financial structure.
SK Innovation's financing transaction is also cited as a representative case. During the process in which Narae Energy Service and Yeoju Energy Service raised 3 trillion won last year through a third-party paid-in capital increase, Jang was known to have led the deal to closure.
Beyond SK Group deals, Jang has handled and closed the privatization of Woori Bank, Dongwon Industries' acquisition of Dongbu Express, Mirae Asset Global Investments and FILA Holdings Corp.'s acquisition of Acushnet (Titleist), the sale of SKC Kolon PI, the sale of Haitai Confectionery's ice cream business unit, and the comprehensive share swap between Shinhan Financial Group and Orange Life.
Jang is among the youngest M&A attorneys serving as managing partner at major domestic law firms. At Lee & Ko, managing partner Moon Ho-joon, who oversees the M&A institutional sector and is a 27th class graduate of the Judicial Research and Training Institute, is closest in age to Jang.