Socius PEF to acquire Air Incheon
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
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- Stake
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- Implied 100%
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- Revenue
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- Op. income
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- Multiples
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- Target
- Air Incheon · Air cargo carrier
- Buyer
- Socius PEF · FI
- Seller
- —
- Structure
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- Announced
- Nov 16, 2022
- Closed
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- Stage
- Announced
Target
Air Incheon is a cargo-only airline founded in 2012 by Park Yong-kwang. Sociers acquired a 51% stake in November 2022 to become the largest shareholder; after a December 2023 capital increase, Sociers' SPC (Sociers Aviation) held 80.3%.
Deal rationale
The Fact reported that founder Park Yong-kwang signed an SPA with PEF manager Sociers in November 2022, after which Sociers held 51% (367,200 shares), Park 48.3% and Incheon City 0.7%, with Park becoming a non-executive director. No party-stated rationale was found in the articles reviewed. Reports describe the deal as Sociers' expansion into air logistics; Air Incheon later pursued the KRW 470 billion acquisition of Asiana Airlines' cargo unit in 2024-2025.
Press coverage
- 한국경제 마켓인사이트 (2022-11-16): “소시어스 PEF, 에어인천 경영권 인수한다”
- 더팩트 (2025-07-24): “지난해 12월 31일 기준 지분 구조는 소시어스 특수목적법인(SPC) 소시어스에비에이션이 80.3%, 박 씨가 19.4%, 인천시청이 0.3%다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.