Deal of the Year, M&A Deal, Cross-border M&A Deal
Citigroup's $2 7 billion acquisition of Koram Bank from the Carlyle Consortium
Sellside adviser: Goldman Sachs, JPMorgan
Buyside adviser: Citigroup
This is a deal whose significance will grow in the coming years and will be looked back on as a seminal investment for South Korea The Koram Bank deal can trace its history all the way back to the financial crisis, and what it epitomizes - in a single transaction - is the depth of change Korea has gone through since 1998
Korea used to be one of the most closed economies in the world and in 1996 it would have been unthinkable that Citigroup would have been able...