The Nature Holdings to acquire 47.7% of Barrel for KRW 76bn
- Deal value
- $52m
- Stake
- 47.7%
- Implied 100%
- $110m
- Revenue
- $15m
- Op. income
- -$5m
- Multiples
- PSR 7.4x
Deal value ÷ stake (structure unconfirmed)
2021 연결 · DART-verified
2021 연결 · DART-verified
On implied equity value
DART 20220711000296
- Target
- Barrel · Athleisure and water-sports apparel
- Buyer
- The Nature Holdings · SI
- Seller
- —
- Structure
- —
- Announced
- May 16, 2022
- Closed
- Jul 15, 2022
- Stage
- Signed
Target
Barrel, founded in 2010 and KOSDAQ-listed, is an athleisure and water-sports apparel company with Korea's top share in water-sports wear (rash guards), operating stores in Shenzhen and Guangzhou via a 2018 China subsidiary and present in Hong Kong and Thailand.
Deal rationale
A Nature Holdings official said the company acquired Barrel to pre-empt the global athleisure market in the reopening phase and aimed to grow Barrel into a global athleisure brand like Lululemon. Seoul Economic Daily reported the aim was to broaden its athleisure brand portfolio and strengthen global synergies. Per the filing, 47.7% (3,763,639 shares) was to be acquired for KRW 76 billion with a scheduled acquisition date of 15 July 2022.
| Revenue | $15m |
| Operating income | -$5m |
| EBITDA | — |
| Net income | — |
2021 연결 · DART-verified · 20220711000296
Press coverage
- 서울경제 (2022-05-16): “배럴의 지분 47.7%(376만3639주)를 760억 원에 인수했다고 16일 공시했다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.