Hyundai Scion Turns to Wealthy Clans, LBOs for Impact Fund
- Sylvan Capital targets education, environment for deals
- Fund has backing from UOB and other conglomerates, Sylvan says
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In the world of finance, leveraged buyouts are sometimes seen as controversial -– the domain of fictional villain Gordon Gekko from “Wall Street” -– where firms borrow large sums of money to buy their targets.
But Kyungsun Chung, a grandson of the Hyundai Motor Co. empire founder Chung Ju-Yung, is hoping to combine leveraged buyouts with his connections to some of Asia’s most powerful clans to drive impact investments that generate a profit but also do environmental, social and governance good.