Woori Investment Securities has completed its largest acquisition financing arrangement since its launch. It is expanding participation in big-ticket investment banking deals after boosting capital capacity through a 1 trillion won rights issue.

Woori Investment Securities said on Wednesday it completed on June 30 the acquisition financing arrangement for a deal in which a consortium led by STIC Alternative Asset Management and Korea Investment Private Equity is acquiring stakes in Ulsan GPS and SK Multi Utility.

The deal involves the acquisition of stakes in Ulsan GPS and SK Multi Utility, energy power plant assets of SK Group. The overall transaction is worth 1.6 trillion won.

Ulsan GPS is a combined-cycle power plant that can use both liquefied natural gas and liquefied petroleum gas as fuel. It has stable power generation capacity based on top-tier domestic facilities and low fuel procurement prices.

SK Multi Utility is a distributed energy operator that supplies power directly to tenant companies in the Ulsan Mipo National Industrial Complex. The Ulsan Mipo National Industrial Complex is regarded as the top region in production performance among national industrial complexes.

Woori Investment Securities worked with the consortium from a stage before the preferred bidder was selected. It provided financial solutions across the deal, including financial advisory, acquisition arrangement and investment, to support a stable conclusion of the acquisition.

A Woori Investment Securities official said the deal was a meaningful case that proved its competitiveness in the acquisition finance market. The official said the firm would actively participate in large transactions in acquisition finance as well, based on differentiated financial solutions.