Pi Capital Advises South Korea’s Yesco on Investing $75 Million into a Merchant Cash Advance Company in the U.S.

NEW YORK, May 11, 2017 /PRNewswire/ — Pi Capital International LLC (“Pi Capital”) is pleased to announce that it acted as exclusive financial advisor to Yesco Co., Ltd. of...

NEW YORK, May 11, 2017 /PRNewswire/ — Pi Capital International LLC (“Pi Capital”) is pleased to announce that it acted as exclusive financial advisor to Yesco Co., Ltd. of South Korea in initiating, structuring and advising on a Secured Loan Facility for a leading merchant cash advance company (the “Company) based in New Jersey. The $75 million transaction was completed in several tranches with the latest one closed in April 2017. The Company is utilizing this facility to support the growth of its merchant cash advance business. 

“Pi Capital understood the transaction dynamics and helped us navigate multiple challenges and complexities to achieve a successful outcome. We believe we have created a unique partnership with the Company,” said CJ Kim, Chief Investment Officer of Yesco.

“This is a good demonstration how outbound Korean capital can be deployed in a unique and attractive investment in the U.S. and we are pleased we were able to bring this opportunity to our Korean client,” said Matthew Yoon, Managing Director and Head of Pi Capital’s investment banking services in Asia.

About Yesco Co., Ltd.
Yesco is one of the leading gas distribution companies in Korea and supplies city gas to northeastern part of Seoul and Gyunggi province. Yesco is part of LS Group which is one of the largest conglomerates in South Korea.

About Pi Capital International LLC
Pi Capital provides financial advisory services to corporations, governments and financial sponsors enabling its clients to make and execute the strategic decisions needed for success in domestic and global markets. Pi Capital’s services include advising on mergers and acquisitions, recapitalizations and restructurings, and raising private capital. The firm’s global network of clients and capital providers spans North America, Asia, Latin America and EMEA. Pi Capital’s team consists of experienced international bankers, familiar with cross border complexity and cultural nuances, delivering transaction, sector and product expertise. Pi Capital offers access to alternative investment and non-traditional pools of capital. Today, Pi Capital focuses on the financial institutions, industrials, automotive and energy sectors. All regulated activities are conducted through its affiliate, Marco Polo Securities Inc. (member FINRA/NFA/SIPC).

Further information on Pi Capital is available at www.picapitalllc.com.

About Marco Polo Securities, Inc.
Marco Polo Securities Inc. is a U.S.-registered broker dealer offering global execution, regulatory and distribution capabilities. Marco Polo was the pioneering platform in building cross border electronic trading infrastructure to enable global institutional flows and the firm’s regulatory and distribution partnership with local securities firms currently encompass 80 countries. Marco Polo provides a unique distribution and regulatory network for capital raising and wealth management in the global markets. Marco Polo is a member of FINRA, NFA and SIPC.

Further information on Marco Polo is available at www.mpsecurities.com

Pi Capital International LLC
Taylor V. James
Chief Administrative Officer
(347) 670-1530

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SOURCE Pi Capital International LLC

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