Korea-focused private equity fund manager Hahn & Company has acquired a 79 percent stake in Korea-based SK Shipping for US$3.7 billion. Hahn will commit US$1 billion in equity to the deal, which includes the assumption of debt and a new capital injection of approximately US$1.4 billion. SK Shipping operates 92 vessels and will partner with Hahn to grow its core business of wet cargo and liquefied natural gas (LNG) transportation.