Synergy IB Investment "Formation of the First New Article Fund in 2021"

[Asia Economy Reporter Yoo Hyun-seok] Synergy IB Investment, a financial affiliate of Synergy Partners Group, announced on the 29th that it acquired 17 billion KRW of the 2nd series convertible bonds of Ninetech through the NH Synergy SoBuJang New Technology Investment Fund, established jointly with NH Investment & Securities, a co-executive partner.

Synergy IB Investment set up a total of 36 new blind and project new technology funds last year alone. The scale of the newly established new technology funds was approximately 210 billion KRW. Synergy IB Investment plans to actively execute investments in the SoBuJang sector this year.

As Synergy Partners' new technology finance affiliate, Synergy IB Investment has been focusing investments on sectors such as listed mezzanine, secondary battery companies including EcoPro and EcoPro BM, as well as green new deal and 4th industrial sectors including Samkang M&T.

A company official stated, “Based on extensive experience in executing numerous investments in small and medium-sized enterprises across various fields such as SoBuJang, green new deal, and 4th industry, we highly evaluated Ninetech’s growth potential and decided to invest. The new technology fund was established as an extension of the customer value recovery project with NH Investment & Securities that began last year.” The official added, “We are continuing to create the value of trust in the capital market together with major financial institutions.”