SK Networks acquires 88.47% of EN-CORE for KRW 88.5bn
- Deal value
- $61m
- Stake
- 88.47%
- Implied 100%
- $69m
- Revenue
- $20m
- Op. income
- $5m
- Multiples
- EQV/EBIT 15.2xPSR 3.4x
Deal value ÷ stake (structure unconfirmed)
2022 별도 · DART-verified
2022 별도 · DART-verified
On implied equity value
DART 20230405000840
- Target
- EN-CORE · Data management software & IT consulting
- Buyer
- SK Networks · SI
- Seller
- Anchor Equity Partners
- Structure
- —
- Announced
- Jul 21, 2023
- Closed
- Oct 6, 2023
- Stage
- Closed
Target
EN-CORE, founded in 1997, is a data management consulting and solutions company with nine solutions covering modeling, metadata and data quality, serving about 500 customers in telecom, finance and mobility.
Deal rationale
SK Networks said it decided to acquire EN-CORE in anticipation of high growth in the data industry, and that it would strengthen data management underpinning customer services and build integrated infrastructure across the parent and subsidiaries (Yonhap). The company said it expects data-integration synergies with affiliates such as SK Rent-a-Car, SK Magic and SK Electlink (Bizwatch). CEO Lee Ho-jung said the company would build a management system integrating its business and subsidiary data to become an AI company (MTN).
| Revenue | $20m |
| Operating income | $5m |
| EBITDA | — |
| Net income | — |
2022 별도 · DART-verified · 20230405000840
Press coverage
- 연합뉴스(다움) (2023-07-21): “엔코아 주식 21만3천304주(지분율 88.47%)를 884억7천만원에 인수하는 안건을 승인”
- MTN (2023-10-06): “엔코아 지분 88.47% 인수대금 951억1000만원을 납입”
- 비즈워치 (2023-08-09): “앵커에쿼티파트너스에서 사들이는 것”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.