TKG Taekwang acquires 100% of Solmics for KRW 540bn

SI Semiconductors Semiconductor ceramic components
Deal value
$372m
Stake
100%
Implied 100%
$372m

Deal value ÷ stake (structure unconfirmed)

Revenue
$119m

2024 연결 · DART-verified

Op. income
$19m

2024 연결 · DART-verified

Multiples
EQV/EBIT 19.8xPSR 3.1x

On implied equity value

DART 20260408000106

Target
Solmics · Semiconductor ceramic components
Buyer
TKG Taekwang · SI
Seller
Hahn & Company
Structure
—
Announced
Aug 11, 2025
Closed
Oct 29, 2025
Stage
Closed

Target

Solmics manufactures fine ceramic components for semiconductor processes; it was formed when Hahn & Co acquired the fine ceramics unit of SK Enpulse (formerly SKC Solmics) in February 2024. Reported 2024 revenue was about KRW 188 billion with EBITDA of about KRW 40 billion.

Deal rationale

Hahn & Co bought the unit for KRW 330 billion in February 2024 through its 4th blind fund and sold it after about 18 months; The Fact cited improved earnings, trimming semiconductor-concentrated exposure and advancing Fund IV realizations as reasons for the quick exit. TKG Taekwang (formerly Taekwang Industrial), a group centered on Nike footwear OEM/ODM, was reported to be making the acquisition at headquarters level as part of a push into semiconductors and new materials, following TKG Huchems (chemicals) and the August 2024 purchase of JL Chem.

신사업 진출PE 회수(펀드 만기)
Revenue$119m
Operating income$19m
EBITDA$28m
Net income—

2024 연결 · DART-verified · 20260408000106

Press coverage

  • 딜사이트 (2025-11-12): “한앤컴퍼니는 최근 TKG태광에 솔믹스 지분 100%를 매각하는 거래를 마무리했다.”
  • 헤럴드경제 (2025-08-10): “11일 투자은행(IB)업계에 따르면 한앤컴퍼니는 솔믹스 인수 우선협상대상자로 티케이지태광(옛 태광실업)을 선정했다.”
  • 뉴스토마토(IB토마토) (2025-09-19): “한앤코가 약 3600억원에 인수해 지난달 TKG태광그룹에 5400억원에 매각하면서”
  • 더팩트 (2025-08-16): “이변이 없다면 올해 안으로 매각 절차가 종결될 전망이다.”

This is a data entry summarising filings and press reports. Please check the original sources for the figures.