Skadden, Arps And Kim & Chang Are Advising Lone Star Funds On $3.5 Billion Deal
U.S. law firms, who are seeking expand their hold in Asia these day are viewing South Korea as a hot market. Lone Star Funds, a Dallas-based private equity firm has been in a legal dilemma for several years. In 2003, it bought a scheming risk in one of the country's major financial institutions for $1.5 billion. It has reached an altered agreement this week for selling 51 percent stake in Korea Exchange Bank to Hana Financial Group for $3.5 billion. Skadden, Arps, Slate, Meagher & Flom and South Korean firm Kim & Chang are representing Lone Star on the matter.