Chris F&C to acquire 21.82% of Kukdong Corp. for KRW 34bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $23m
- Stake
- 21.82%
- Implied 100%
- $107m
- Revenue
- $157m
- Op. income
- -$3m
- Multiples
- PSR 0.7x
Deal value ÷ stake (structure unconfirmed)
2021 연결 · Single report, unverified
2021 연결 · Single report, unverified
On implied equity value
- Target
- Kukdong Corp. · Apparel OEM manufacturing
- Buyer
- Chris F&C · SI
- Seller
- —
- Structure
- —
- Announced
- Jul 11, 2022
- Closed
- —
- Stage
- Announced
Target
Kukdong, founded in 1967, is a sportswear and knitwear OEM manufacturer producing in Indonesia and Mexico for export, with Nike and H&M among its main customers.
Deal rationale
Chris F&C said it was extending from design and marketing into production for vertical integration, expecting a stable production base and better cost competitiveness. Money Today cited COVID-era Southeast Asian factory shutdowns and rising input costs, and noted plans to produce the newly acquired Hydrogen brand at Kukdong's Mexico plant for North America.
| Revenue | $157m |
| Operating income | -$3m |
| EBITDA | — |
| Net income | — |
2021 연결 · Single report, unverified (not yet checked against DART)
Press coverage
- 머니투데이 (2022-07-11): “국동의 지분 21.82%(1204만6775주)를 340억원에 인수한다고 밝혔다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.