Deals
287 curated Korean M&A transactions.
Valuation bars Row 1 is the implied 100% equity value, row 2 revenue, row 3 operating income, scaled within each deal. The implied value grosses the deal value up to 100% of equity (net debt not included). PSR = implied value ÷ revenue; EQV/EBIT = implied value ÷ operating income. Financials are for the year before the deal. Revenue and operating income in bold navy are verified against DART filings; regular weight means two or more independent reports agree; thin grey means a single report, not yet verified. Where EV/EBITDA is reported, the bars show EV, revenue and EBITDA with EV/Sales and EV/EBITDA (EBITDA backed out as EV ÷ reported multiple when the amount is not reported).
| Seller | Details | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Oct '26 Signed | Yebyeol Non-Life Insurance (bridge insurer for MG Non-Life) | OK Next (OK Financial Group) | Korea Deposit Insurance Corporation | — | — | — | — | — | Details → |
| Sep '26 Signed | Acuon Capital / Acuon Savings Bank | Hanwha Life / Centroid PE consortium | EQT Partners (Agora, L.P.) | 96.06% | $600m | — | — | — | Details → |
| Sep '26 Signed | Hyundai Mobis automotive lighting business | OPmobility | Hyundai Mobis | 100% | $414m | $1.7bn | — | Details → | |
| Sep '26 Signed | Hwaseong Cosmetic and Nowcos |  Macquarie PE | Affirma Capital | — | $207m | $76m | $14m | Details → | |
| Sep '26 Closed | Ray Co. (26.14% stake) | Graphy | Ray Holdings / CEO Lee Sang-cheol | 26.14% | $34m | — | — | — | Details → |
| Sep '26 Signed | KC Safety Technology | Opus Private Equity | KC Green Holdings | 100% | $15m | $12m | $1m | Details → | |
| Sep '26 Closed | Lotte Ecowall | Lilson Private Equity | Lotte Energy Materials | 90% | $118m | $92m | $8m | Details → | |
| Sep '26 Signed |  Skin Idea (Medi-Peel) and Life&Bio |  MBK Partners | Morgan Stanley Private Equity | — | $207m | $72m | $18m | Details → | |
| Aug '26 Closed |  K Car |  KG Steel (KG Group) | Hahn & Co (Hahn & Co Auto Service Holdings) | 72.19% | $517m | $1.7bn | $52m | Details → | |
| Aug '26 Announced | SK Horizon |  KKR · IMM Investment–Stonebridge | SK Telecom (secondary) + Company (new shares) | 49% | $2.1bn | $240m | — | Details → | |
| Aug '26 Closed |  Samsung Display | Samsung Display (treasury shares) | Samsung SDI | 5% | $3.1bn | $20.5bn | $2.8bn | Details → | |
| Aug '26 Closed | SSG.com |  E-mart · Shinsegae | Olympus First (SPC backed by KDB, Shinhan Bank and NH Investment & Securities; Affinity and BRV sold to it in Nov 2024) | 30% | $877m | $929m | -$81m | Details → | |
| Aug '26 Closed |  Chungho Nais |  The Carlyle Group | Individuals (founder's heirs etc.) | 100% | $732m | $352m | $31m | Details → | |
| Aug '26 Announced | Silicon2 |  CVC Capital Partners | Company (new shares) | 9.23% | $207m | $770m | $142m | Details → | |
| Aug '26 Closed | Capstec | Genesis PE | SK Shieldus / Company H | 100% | $55m | $174m | $3m | Details → | |
| Aug '26 Signed | Lotte Rental | TPG (Lexicon Korea Holdco) | Hotel Lotte / Busan Lotte Hotel | 61.17% | $904m | $2.0bn | $216m | Details → | |
| Aug '26 Closed | SK D&D | Hahn & Company | SK Discovery and minority shareholders (tender offer) | 31.27% | $51m | $307m | $26m | Details → | |
| Aug '26 Closed | SK Eternix | KKR | SK Discovery, Hahn & Co | 43.5% | $240m | $266m | $37m | Details → | |
| Aug '26 Closed | Bonchon International | Minor Food (Minor International PCL) / Serruya Private Equity | VIG Partners / Mr. Seo & Family | — | — | $30m | $6m | Details → | |
| Aug '26 Signed | Gong cha Global | Bain Capital | TA Associates and other shareholders | — | — | $223m | — | Details → | |
| Aug '26 Signed | Woojin Trading | Brenntag SE | — | — | — | — | — | — | Details → |
| Jul '26 Closed | SSP | Keistone Partners | LX Investment | 100% | $276m | $39m | $14m | Details → | |
| Jul '26 Signed |  SK Siltron |  Doosan Corp. | SK Inc. (incl. 19.6% held via TRS) | 70.6% | $1.6bn | $1.4bn | $133m | Details → | |
| Jul '26 Closed | Korbit | Mirae Asset Consulting (Mirae Asset Group) | NXC / SK Planet | 97.15% | $98m | $7m | -$11m | Details → | |
| Jul '26 Announced |  PolyPeptide Group |  Samsung Biologics | Draupnir Holding (55.65%) and public shareholders (tender offer) | 100% | $1.9bn | $431m | $10m | Details → | |
| Jul '26 In progress | Kolon Industries functional & imaging materials business | IMM Private Equity | Kolon Industries | — | — | — | — | — | Details → |
| Jul '26 Closed |  PPB Studios (Hapa Kristin) | KL&Partners | Largest shareholder Vision Equity Partners (about 42.97%) and others | 65% | $97m | $41m | $4m | Details → | |
| Jul '26 Signed | SK Group renewable energy asset package | KKR | SK Group affiliates (incl. SK ecoplant renewables unit) | 51% | $1.2bn | — | — | — | Details → |
| Jun '26 Closed | Ulsan GPS |  STIC Investments · Korea Investment PE | SK Gas | 49% | $844m | $524m | $110m | Details → | |
| Jun '26 Closed | Ultra V and ATGC | VIG Partners | — | — | — | — | — | — | Details → |
| Jun '26 Closed |  Homeplus Express |  Harim Group | Homeplus (under court receivership) | 100% | $83m | $682m | — | Details → | |
| Jun '26 Closed | Kakao Games | LAAA Investment (backed by LY Corp.) | Kakao Corp. (existing shares) / Kakao Games (new shares) | 33.43% | $337m | $321m | -$27m | Details → | |
| Jun '26 Terminated | CG Bio | IMM Private Equity | Yoon Jae-seung (Daewoong) side | 51% | $387m | $169m | — | Details → | |
| May '26 Closed |  Fortegra Group |  DB Insurance | Tiptree Inc. and Warburg Pincus | 100% | $1.6bn | $1.9bn | $172m | Details → | |
| May '26 Closed | Mammoth Coffee Lab & Seojin Roasters | Orchestra Private Equity | Founders / existing shareholders | 100% | $69m | $59m | $5m | Details → | |
| May '26 Signed | Ehwa Diamond Industrial | IMM Private Equity | Founder and family | 65% | $276m | $255m | $23m | Details → | |
| Apr '26 Closed | Liberty Asset Management (now Centroid Asset Management) | Centroid Investment Partners | Kim Jong-chul | 100% | — | — | — | — | Details → |
| Apr '26 Closed | Allday Fresh (Shabu Allday) | Jolli-K (Jollibee Foods) / Elevation Equity Partners | Myungryundang | 100% | $83m | $37m | $9m | Details → | |
| Apr '26 Closed | KFC Korea | The Carlyle Group (Carlyle Asia Partners) | Orchestra Private Equity | 100% | $132m | $202m | $11m | Details → | |
| Apr '26 Closed | M-Plus Asset Management (50%+1 share) | Apex Invest | Military Mutual Aid Association | 50% | — | — | — | — | Details → |
| Apr '26 Closed | SBI Savings Bank | Kyobo Life Insurance | SBI Holdings | 50% | $621m | $1.0bn | — | Details → | |
| Apr '26 Signed | SK Multi Utility (49% stake) | STIC Alternative / Korea Investment PE consortium | SK Chemicals | 49% | $256m | — | — | — | Details → |
| Mar '26 Closed | Aekyung Industrial | Taekwang Industrial / Beauty Life One (SPC of T2 Private Equity and Yuanta Investment) | AK Holdings / Aekyung Asset Management | 63.13% | $306m | $451m | $15m | Details → | |
| Mar '26 Signed | KES Environmental Development | E&F Private Equity consortium | JC Partners | 80% | $138m | $0m | -$1m | Details → | |
| Mar '26 Signed | Korean Air C&D Service | Korean Air | Hahn & Company | 80% | $517m | $497m | $62m | Details → | |
| Mar '26 Terminated | M&C Solution | Korea Investment Partners | Socius PE / Well to Sea Investment consortium | 73.78% | — | $278m | $39m | Details → | |
| Mar '26 Closed | Echo Marketing | Bain Capital | CEO Kim Cheol-woong; AI Marketing Group | 43.66% | $149m | $310m | $31m | Details → | |
| Mar '26 Closed | STIC Investments (11.44% stake) | Miri Capital (The Miri Strategic Emerging Markets Fund LP) | Chairman Do Yong-hwan | 11.44% | $41m | — | — | — | Details → |
| Feb '26 Closed | Hyundai IFC | Woori Private Equity Asset Management / Bailey Private Equity consortium | Hyundai Steel | 100% | $234m | $364m | $27m | Details → | |
| Feb '26 Closed |  Douzone Bizon |  EQT Partners | Founder Kim Yong-woo and Shinhan Value-up No.1 (Shinhan Financial affiliate), plus tender-offer shareholders | 94% | $2.2bn | $308m | $88m | Details → | |
| Feb '26 Closed |  Koru Pharma |  LYFE Capital | Existing investors (KB Investment, Kolon Investment, DSC Investment, LF Investment) and the founder | 70.2% | $68m | $24m | $5m | Details → | |
| Jan '26 Closed | DIG Airgas |  Air Liquide | Macquarie Asia-Pacific Infrastructure Fund 2 | 100% | $3.3bn | $519m | $96m | Details → | |
| Dec '25 Closed |  Jung Saem Mool Beauty |  CLSA Capital Partners | Company (new shares) | — | $23m | $77m | $8m | Details → | |
| Dec '25 Closed | Changshin | Arc & Partners | Largest shareholder CEO Kim Sung-yong and others | 90% | — | $51m | $12m | Details → | |
| Dec '25 Closed |  Moments Company (beplain) | Seoul Leaguer, Pan Asia PE and SG PE consortium | Hwahae Global, CEO Jung Yoon-jin and others | 85.94% | $56m | $38m | $1m | Details → | |
| Dec '25 Closed | Boryeong LNG Terminal (49.9% stake) | IMM Investment / KB Balhae Infrastructure consortium | SK Innovation | 49.9% | $386m | $177m | $65m | Details → | |
| Dec '25 Closed | Kakao Healthcare | CHA Bio Group (CHA Cares, CHA AI Healthcare) | Kakao Corp. | 43% | $55m | $8m | -$24m | Details → | |
| Dec '25 Closed | Cleantopia | STIC Investments | JKL Partners | 100% | $426m | $193m | $21m | Details → | |
| Dec '25 Closed | Doosan Enerbility Vietnam Co., Ltd. (Doosan Vina) | HD Korea Shipbuilding & Offshore Engineering | Doosan Enerbility | 100% | $259m | $315m | $22m | Details → | |
| Dec '25 Closed | Koentec | Gaw Capital Partners | E&F Private Equity, IS Dongseo | 100% | $507m | $56m | $21m | Details → | |
| Dec '25 Terminated | IGIS Asset Management | Hillhouse Investment | Heirs of late founder and other major shareholders | — | $759m | — | — | — | Details → |
| Dec '25 Closed | LG Chem Water Solutions (NanoH2O) | Glenwood Private Equity | LG Chem | 100% | $966m | $172m | — | Details → | |
| Nov '25 Signed | Aegis One (Hyundai LNG Shipping) | Frontier Resources (Sinar Mas Group) | IMM Private Equity / IMM Investment consortium | 100% | $276m | $318m | $70m | Details → | |
| Nov '25 Closed | Renewus, Renewone, Renew Energy Chungbuk | KKR | SK Ecoplant | 100% | $1.2bn | — | — | — | Details → |
| Oct '25 Signed | Sangsangin Savings Bank | KBI Group | Sangsangin | 90% | $76m | $202m | — | Details → | |
| Oct '25 Closed | Solmics | TKG Taekwang | Hahn & Company | 100% | $372m | $119m | $19m | Details → | |
| Oct '25 Closed | C&C International | Ascent Equity Partners | Individuals (founder Chairman Bae Eun-cheol and family) | 41.22% | $197m | $195m | $20m | Details → | |
| Oct '25 Closed | CJ Feed & Care | Royal De Heus | CJ CheilJedang | 100% | $145m | $1.6bn | $51m | Details → | |
| Sep '25 Closed | JTC | Affirma Capital (Juventus Holdings SPC) | Koo Chul-mo (former chairman) | 40.33% | $62m | $213m | $33m | Details → | |
| Sep '25 Closed | Samhwa (cosmetics packaging) | KKR | TPG | 100% | $506m | — | — | — | Details → |
| Sep '25 Signed | Juno Hair | Blackstone | Founder Kang Yun-seon (owner side) | 70% | $276m | $207m | — | Details → | |
| Aug '25 Signed | GS Inima Environment | TAQA (Abu Dhabi National Energy Company) | GS E&C | 100% | $1.2bn | $396m | — | Details → | |
| Aug '25 Closed | Remember & Company | EQT (BPEA Private Equity Fund VIII) | Ark & Partners | — | $345m | $47m | -$3m | Details → | |
| Aug '25 Signed | LG Chem Aesthetics business | VIG Partners | LG Chem | — | $138m | — | — | — | Details → |
| Aug '25 Closed | Asiana Airlines cargo division | Air Incheon (Socius consortium) | Asiana Airlines / Korean Air | — | $324m | $1.2bn | — | Details → | |
| Jul '25 Closed | Orion Technology | Hansol Technics / Highland Equity Partners | Keistone Partners | 100% | — | $69m | $11m | Details → | |
| Jul '25 Terminated | Pepper Savings Bank | OK Financial Group | Pepper Group | — | — | $215m | -$84m | Details → | |
| Jul '25 Terminated | HS Hyosung Advanced Materials tire steel cord business | Bain Capital | HS Hyosung Advanced Materials | — | — | — | — | — | Details → |
| Jul '25 Closed | Viol | VIG Partners (Vienna SPC) | DMS and tendering shareholders | 34.76% | $175m | $40m | $25m | Details → | |
| Jul '25 Closed | AJ Daewon | Genesis PE | AJ Networks | 81.29% | $16m | — | — | — | Details → |
| Jul '25 Closed | ABL Life Insurance | Woori Financial Group | Dajia Insurance Group | 100% | $183m | — | $92m | Details → | |
| Jul '25 Closed | Tongyang Life Insurance | Woori Financial Group | Dajia Insurance Group | 75.34% | $886m | — | — | — | Details → |
| Jun '25 Closed | LBM (London Bagel Museum) | JKL Partners | Founders | 100% | $110m | $55m | $17m | Details → | |
| Jun '25 Closed | Hanyang Securities | KCGI | Hanyang Educational Foundation, Paiknam Tourism, HBDC | 29.59% | $152m | $575m | $38m | Details → | |
| Jun '25 Closed | PreedLife | Woongjin (WJ Life SPC) | VIG Partners | 99.77% | $612m | $191m | $68m | Details → | |
| Jun '25 Terminated | Norang Food (Norang Tongdak) | Jolli-K (Jollibee Foods) / Elevation Equity Partners | Q Capital Partners / Coston Asia | 100% | — | $74m | $9m | Details → | |
| May '25 Closed | Seorin Company (Round Lab) | Goodai Global / Company K Partners | Kalips Capital / Meritz Securities | 100% | $414m | $65m | $17m | Details → | |
| May '25 Closed | Ourhome | Hanwha Hotels & Resorts (SPC Urizip F&B) | Koo Bon-sung, Koo Mi-hyun et al. | 58.62% | $600m | $1.5bn | $61m | Details → | |
| Apr '25 Closed | Manyo Factory | KL&Partners (K-Beauty Holdings) | L&P Cosmetic | 51.87% | $131m | $72m | $11m | Details → | |
| Apr '25 Closed | SK Nexilis thin-film (FCCL) business | Affirma Capital | SK Nexilis (SKC subsidiary) | — | $66m | — | — | — | Details → |
| Apr '25 Terminated | M-Plus Asset Management | Cobalt Investment / VCM consortium | Military Mutual Aid Association | 70% | $29m | — | — | — | Details → |
| Feb '25 Terminated | SK Shipping | HMM | Hahn & Company | — | — | $1.4bn | $273m | Details → | |
| Jan '25 Signed | Gayoung / Sungchang Ceramics | Keistone Partners | Skylake Equity Partners | 100% | $193m | $64m | $17m | Details → | |
| Jan '25 Signed | Star Vision (OLENS) | CVC Capital Partners | PS Alliance & Pearl Investment | 49% | — | $92m | $35m | Details → | |
| Jan '25 Closed | Hanon Systems | Hankook Tire & Technology | Hahn & Company | 54.77% | $1.3bn | $6.6bn | $191m | Details → | |
| Dec '24 Signed | Hilldrosai CC | Kiwoom Investment Asset Management | Engineering Guarantee Insurance (EGI) | — | $103m | — | — | — | Details → |
| Dec '24 Closed | Gowoonsesang Cosmetics (Dr.G) | L'Oreal Group | Mibelle AG (Migros Group) | 100% | — | $137m | $20m | Details → | |
| Dec '24 Closed | SK Specialty | Hahn & Company | SK Inc. | 85% | $1.9bn | $470m | $101m | Details → | |
| Dec '24 Closed | Ecorbit | IMM Private Equity & IMM Investment consortium | TY Holdings & KKR | 100% | $1.4bn | $465m | $76m | Details → | |
| Dec '24 Terminated | Lotte Rental | Affinity Equity Partners | Hotel Lotte & Busan Lotte Hotel | 56.2% | $1.1bn | $2.0bn | $216m | Details → | |
| Oct '24 Closed | Korea Zinc | MBK Partners & Young Poong | Public shareholders (tender offer) | 5.34% | $633m | $6.7bn | $455m | Details → | |
| Oct '24 Closed | AMUSE | Shinsegae International | SNOW (Naver subsidiary, 77.6%) and other shareholders | 100% | $49m | $25m | $1m | Details → | |
| Sep '24 Closed | SK Magic kitchen appliance business (gas ranges, electric ranges, ovens) | Kyungdong Navien | SK Magic (SK Networks subsidiary) | — | $29m | — | — | — | Details → |
| Sep '24 Terminated | Hironic | Dongwha Pharmaceutical | Chairman Lee Jin-woo and spouse Lee Eun-sook | 45.09% | $83m | $23m | $4m | Details → | |
| Sep '24 Closed | Pyeongtaek Energy Service (Hana Power Package) | E1 consortium (Kalista Capital, Meritz Securities) | Hana Securities (Hana Power Package SPC) | 100% | $410m | $577m | $60m | Details → | |
| Aug '24 Closed | SK Rent-a-car | Affinity Equity Partners (Carina) | SK Networks | 100% | $566m | $967m | $84m | Details → | |
| Aug '24 Closed | Jeisys Medical | Archimed (Syracuse Subco) | Kang Dong-hwan, Lee Myung-hoon and tendering shareholders | 91.35% | $629m | $99m | $25m | Details → | |
| Aug '24 Closed | KJ Environment and affiliates | EQT Infrastructure VI | Genesis Private Equity | — | — | — | — | — | Details → |
| Jul '24 Terminated | EM Korea | Keywest Global Asset Management (planned private trust) | Largest shareholder Kang Sam-soo | 17.29% | $24m | — | — | — | Details → |
| Jul '24 Closed | Genuone Sciences | Macquarie Asset Management | IMM Private Equity | 100% | $428m | $271m | $5m | Details → | |
| Jul '24 Closed | Club D Songnisan CC | Birdwood (Lamid Group) | IGIS Asset Management (Fund No. 232) | — | $62m | — | — | — | Details → |
| May '24 Closed | Connectwave | MBK Partners | Public shareholders (tender offer) | 26.87% | $183m | $317m | $22m | Details → | |
| May '24 Closed | MOM Holding Company (Momentive Performance Materials) remaining stake | KCC | MOM No.1 PEF (managed by SJL Partners) | 39.61% | $557m | — | — | — | Details → |
| Apr '24 Closed | Geo-Young (Chosun Hye GY Holdings) | MBK Partners | Blackstone (SHC Golden) | 71.25% | $1.4bn | $3.1bn | $5m | Details → | |
| Jan '24 Closed | United Terminal Korea | IMM Private Equity | Macquarie PE / Macquarie Asset Management | 100% | $207m | $30m | $10m | Details → | |
| Jan '24 Terminated | Bluewon golf courses (Yongin CC, Sangju CC) | Fund set up by Mark Asset Management | Bluewon (Taeyoung Group) | — | $179m | — | — | — | Details → |
| Dec '23 Announced | AbTis | Dong-A ST | Existing shareholders | — | — | — | — | — | Details → |
| Dec '23 Announced | HMM | Harim Group (Pan Ocean) / JKL Partners consortium | Korea Development Bank / Korea Ocean Business Corporation | 57.9% | $4.4bn | $12.8bn | $6.9bn | Details → | |
| Dec '23 Terminated | Hankook & Company | MBK Partners (SPC Ventura) with Cho Hyun-shik | Public shareholders via tender offer | 27.32% | $359m | $756m | $169m | Details → | |
| Nov '23 Signed | Ingredion Korea | Sajo Daerim (Sajo Group) | Ingredion Inc. (US) | 100% | $265m | $318m | -$9m | Details → | |
| Oct '23 Signed | COSRX | Amorepacific | CEO Jun Sang-hoon and two others | 56.7% | $521m | $141m | $35m | Details → | |
| Oct '23 Signed | SK enpulse fine ceramics business (now Solmics) | Hahn & Company | SK enpulse (SKC subsidiary) | 100% | $248m | — | — | — | Details → |
| Oct '23 Signed | Daekyung Oil & Transportation | SK Trading International / KDB / Eugene Private Equity consortium (SPC) | STIC Investments (70%) and related parties (approx. 30%) | 100% | — | $436m | $56m | Details → | |
| Oct '23 Signed | SK PUcore | Glenwood PE (Korea PU Holdings) | SKC | 100% | $283m | — | — | — | Details → |
| Oct '23 Closed | EN-CORE | SK Networks | Anchor Equity Partners | 88.47% | $61m | $20m | $5m | Details → | |
| Oct '23 Closed | ISC Co. | SKC | Helios PE fund No.1 and others | 45.03% | $360m | $123m | $39m | Details → | |
| Oct '23 Closed | LG Chem in-vitro diagnostics business (now Invitros) | Glenwood PE | LG Chem | 100% | $103m | $28m | — | Details → | |
| Sep '23 Signed | Vivawave (hince) | LG H&H | Existing shareholders | 75% | $29m | $15m | -$1m | Details → | |
| Sep '23 Closed | Hansung Green Factory | Keystone Partners | Existing shareholders | — | $28m | — | — | — | Details → |
| Sep '23 Closed | Jinwoo SMC | Keystone Partners | Existing shareholders | — | $62m | — | — | — | Details → |
| Sep '23 Signed | Ilooda | Classys (Bain Capital portfolio company) | CEO Kim Yong-han | 18% | $28m | $32m | $6m | Details → | |
| Aug '23 Signed | Sulbing | UCK Partners | Founder Jung Sun-hee and related parties | 80% | $90m | $18m | $7m | Details → | |
| Aug '23 Closed | Pims | Keystone Partners | Cafe24 (43%) and individual shareholders (32%) | 75% | $41m | $7m | $4m | Details → | |
| Aug '23 Closed | Kwangjin Chemical | Affirma Capital / The Hahm Partners consortium | Existing shareholders (100%) | 100% | $181m | $60m | $9m | Details → | |
| Jul '23 Closed | Ssangyong Remicon | Jangwon Remicon (Jeongseon Aggregate Group) | Ssangyong C&E (Hahn & Company portfolio company) | 79% | $266m | $271m | $20m | Details → | |
| Jul '23 Closed | SK Shieldus | EQT Partners (EQT Infrastructure VI) | SK Square (partial) and Macquarie Asset Management consortium (full exit) | 68% | $1.4bn | $1.2bn | — | Details → | |
| Jul '23 Signed | Samhwa (and affiliates) | TPG | Chairman Cho Hwi-cheol and CEO Cho Sung-hwan | — | $207m | $93m | $13m | Details → | |
| Jul '23 Terminated | KDB Life Insurance | Hana Financial Group | KDB Consus Value PEF (Korea Development Bank) | 92.73% | — | — | — | — | Details → |
| Jun '23 Signed | PI Advanced Materials | Arkema Korea Holding (Arkema) | Korea PI Holdings (Glenwood PE) | 54.07% | $690m | $191m | $36m | Details → | |
| Jun '23 Signed | Jungwon (Secret Day) | Ascent Private Equity | CEO Kim Sung-hoon, Monalisa and other major shareholders | 80% | $63m | $41m | $5m | Details → | |
| Jun '23 Closed | Lutronic | Hahn & Company (Hahn & Co 23) | CEO Hwang Hae-ryung (19.33%) and public shareholders via tender offer | 90.17% | $660m | $182m | $38m | Details → | |
| Jun '23 Closed | Stericycle Korea (and Envitec Korea) | Korea Wide Partners / NH Investment & Securities (co-GP project fund) | Stericycle International Holdings | 100% | $117m | — | — | — | Details → |
| Jun '23 Closed | Hanmi Entech | Toray Advanced Materials Korea | — | 100% | — | $29m | $3m | Details → | |
| May '23 Terminated | EOFlow | Medtronic (Medtronic Korea Holdings) | CEO Kim Jae-jin and major shareholders plus public shareholders (planned tender offer) | 100% | $670m | $5m | -$24m | Details → | |
| May '23 Signed | Edison Motors | KG Mobility | Company under rehabilitation (new shares after capital reduction) | 100% | $38m | $56m | — | Details → | |
| Apr '23 Closed | KFC Korea | Orchestra Private Equity | KG Group | 100% | $41m | $156m | $4m | Details → | |
| Apr '23 Closed | Korea Special Gases | SG Private Equity | CEO Seo Heung-nam (97%) and other shareholders (3%) | 100% | $100m | $28m | $5m | Details → | |
| Apr '23 Closed | Osstem Implant | Dentistry Investment (MBK Partners / UCK Partners consortium) | Public shareholders via tender offer; founder Choi Kyoo-ok | 96.1% | $1.6bn | $727m | $162m | Details → | |
| Apr '23 Closed | Mesh Korea (Vroong) | hy (Korea Yakult) | New shares / DIP debt-to-equity conversion | 66.7% | $55m | $265m | -$36m | Details → | |
| Apr '23 Closed | WeMakePrice | Qoo10 | Wonder Holdings | 86.2% | — | $117m | -$37m | Details → | |
| Apr '23 Closed | Pavilion Asset Management (now Kyobo AIM Asset Management) | Kyobo Life Insurance | Existing shareholders | 100% | — | — | — | — | Details → |
| Mar '23 Closed | Interpark Commerce | Qoo10 | Interpark (Yanolja) | 100% | $103m | — | — | — | Details → |
| Mar '23 Closed | Daol Investment | Woori Financial Group | Daol Investment & Securities | 52% | $147m | — | — | — | Details → |
| Mar '23 Closed | Nexflex | MBK Partners | Skylake Equity Partners | 100% | $366m | $140m | $51m | Details → | |
| Mar '23 Closed | EMRO | Samsung SDS | CEO Song Jae-min and related parties | 33.39% | $77m | $40m | $5m | Details → | |
| Mar '23 Closed | SM Entertainment | Kakao / Kakao Entertainment | Public shareholders via tender offer | 35% | $862m | $587m | $63m | Details → | |
| Feb '23 Signed | Taewoong Medical | Olympus Corporation (Japan) | Existing shareholders | 100% | $337m | $47m | $7m | Details → | |
| Feb '23 Terminated | Boryung Biopharma | Dongwon Industries | Boryung Partners | — | — | $110m | $11m | Details → | |
| Feb '23 Terminated | SM Entertainment | HYBE | Founder Lee Soo-man (14.8%) and public shareholders via tender offer | 14.8% | $292m | $587m | $63m | Details → | |
| Feb '23 Closed | Streami (GOPAX) | Binance | CEO Lee Jun-haeng and other existing shareholders | 67.45% | — | $1m | -$53m | Details → | |
| Jan '23 Closed | Eastar Jet | VIG Partners | Sungjung Co. | 100% | $103m | $0m | -$34m | Details → | |
| Jan '23 Closed | Carelabs | Wonik Holdings | — | 23.27% | $43m | $60m | -$4m | Details → | |
| Jan '23 Closed | Meritz Asset Management (now KCGI Asset Management) | KCGI consortium (KCGI, Hwaseong Industrial) | Meritz Financial Group | 100% | — | — | — | — | Details → |
| Jan '23 Closed | S-Traffic EV charging business (SS Charger) | SK Networks | S-Traffic | — | — | — | — | — | Details → |
| Jan '23 Closed | Peoplelife | Hanwha Life Financial Services | — | — | — | $209m | $8m | Details → | |
| Dec '22 Signed | Medit | MBK Partners | Unison Capital Korea, founder Jang Min-ho and related parties | 99.5% | $1.7bn | $131m | $71m | Details → | |
| Dec '22 Signed | CIS Co. | SFA Engineering | SBI Investment and others | 28% | $117m | $92m | — | Details → | |
| Dec '22 Announced | Hanju Semiconductor | RFTech | — | 49.3% | $9m | — | — | — | Details → |
| Dec '22 Signed | Daewoo Shipbuilding & Marine Engineering (Hanwha Ocean) | Hanwha Group (Hanwha Aerospace et al.) | New share issuance (KDB remains with 28.2%) | 49.3% | $1.4bn | $3.1bn | -$1.2bn | Details → | |
| Dec '22 Announced | Dholic Commerce | Unison Capital | — | — | — | $65m | -$12m | Details → | |
| Dec '22 Closed | SKC Future Materials (SKC film business) | Hahn & Company | SKC | 100% | $1.1bn | $781m | $48m | Details → | |
| Dec '22 Announced | TI Corporation | HLB Global | — | — | $17m | — | — | — | Details → |
| Nov '22 Signed | Daewon Kang Up | Hyundai Green Food | Chairman Huh Jae-cheol and 3 related parties | 14.13% | $27m | $595m | -$3m | Details → | |
| Nov '22 Announced | PanGen Biotech | CrystalGenomics | — | 20.43% | $17m | $5m | -$2m | Details → | |
| Nov '22 Announced | Vroong (Mesh Korea) controlling stake | Eugene Sonic (Eugene Group) | Sale led by creditor OK Capital; existing shareholders | 53% | $41m | — | — | — | Details → |
| Nov '22 Announced | Air Incheon | Socius PEF | — | — | — | — | — | — | Details → |
| Nov '22 Closed | SsangYong Motor (KG Mobility) | KG Group consortium | Rehabilitation company (new shares; prior owner Mahindra) | 61.86% | $252m | $1.7bn | -$180m | Details → | |
| Nov '22 Signed | Vendys | Hyundai Ezwel | CEO Jo Jung-ho et al. (50%) and financial investors | 88.8% | $26m | — | — | — | Details → |
| Oct '22 Terminated | ST Unitas | Megastudy Education | Bain Capital (50.32%) and other shareholders | 100% | $124m | $153m | — | Details → | |
| Oct '22 Closed | SsangYong Engineering & Construction | Global Sae-A | Investment Corporation of Dubai (ICD) | 90% | — | $967m | -$76m | Details → | |
| Oct '22 Closed | Iljin Materials (Lotte Energy Materials) | Lotte Chemical (via Lotte Battery Materials USA) | Chairman Huh Jae-myung and related parties | 53.3% | $1.9bn | $475m | $48m | Details → | |
| Sep '22 Announced | Paper Korea | Shinyoung Group (via Daenong) | UAMCO and U&I Lending | 53.29% | — | $300m | $22m | Details → | |
| Sep '22 Closed | Korea Biopharm | DxVx | — | 100% | $10m | $9m | $1m | Details → | |
| Sep '22 Signed | Tmon | Qoo10 | Anchor Equity Partners & KKR (Monster Holdings) | 81.74% | — | — | -$52m | Details → | |
| Sep '22 Closed | STX Offshore & Shipbuilding (now K Shipbuilding) | UAMCO / KHI consortium | Creditor banks (KDB et al.) | — | $172m | — | — | — | Details → |
| Aug '22 Closed | Daehan Shipbuilding | KHI–Korea Investment PE–SG PE consortium | DSME (KDB-controlled) | 95% | $138m | $501m | -$82m | Details → | |
| Aug '22 Announced | Playtime | JoongAng Group | — | — | $86m | $24m | -$5m | Details → | |
| Aug '22 Announced | DY Polymer & DY Indus | SK ecoplant | — | — | — | — | — | — | Details → |
| Aug '22 Announced | Aero K Holdings | DAP (Daemyung Chemical Group) | — | 64.04% | $21m | — | — | — | Details → |
| Aug '22 Closed | 42dot | Hyundai Motor & Kia | CEO Song Chang-hyun and other shareholders | 93.2% | $295m | $0m | -$22m | Details → | |
| Aug '22 Signed | LabGenomics | Ruha Private Equity | CEO Jin Seung-hyun (old shares) plus new shares/CB | 23.28% | $127m | $140m | $72m | Details → | |
| Aug '22 Signed | Eco Management Korea Holdings (EMK) | Keppel Infrastructure Trust (with Keppel Asia Infrastructure Fund) | IMM Investment and Korea Development Bank | — | $531m | $93m | $4m | Details → | |
| Jul '22 Closed | Bodyfriend | Stonebridge Capital & Hahn & Brothers (BF Heart SPC) | VIG Partners (and Shinhan Venture Investment) | 46.3% | $288m | $408m | $47m | Details → | |
| Jul '22 Closed | Toomics | Terapin Studios (NPX Capital portfolio company) | — | — | $139m | $17m | $1m | Details → | |
| Jul '22 Signed | Barrel | The Nature Holdings | — | 47.7% | $52m | $15m | -$5m | Details → | |
| Jul '22 Announced | Daesung Eltec | DH Global | — | — | — | $230m | -$3m | Details → | |
| Jul '22 Announced | Kukdong Corp. | Chris F&C | — | 21.82% | $23m | $157m | -$3m | Details → | |
| Jul '22 Closed | Shinki Intermobile | Dayou Winia Group | Shinki | 70% | $21m | — | — | — | Details → |
| Jul '22 Closed | Humax Automotive (and Humax Weihai, China) | Carnavicom | Humax | 100% | $22m | $69m | — | Details → | |
| Jul '22 Closed | Starvision (OLENS) | Founder Park Sang-jin | VIG Partners | 51.03% | $290m | $63m | $16m | Details → | |
| Jun '22 Closed | Lionheart Studio 30.37% stake | Kakao Games Europe | Wemade and other shareholders | 30.37% | $830m | $160m | $149m | Details → | |
| Jun '22 Closed | Ssangyong C&E 77.68% stake (GP-led continuation fund) | Hahn & Co continuation fund (Coller Capital consortium as lead investor) | Hahn & Co Fund I | 77.68% | $1.4bn | — | — | — | Details → |
| Jun '22 Announced | Youngpoong Paper | Daeyang Metal | — | — | $90m | — | — | — | Details → |
| Jun '22 Closed | Doosan Mecatec | Bumhan Industries consortium | Doosan Enerbility; Metistone PEF | 82.38% | $60m | $203m | $8m | Details → | |
| Jun '22 Terminated | PI Advanced Materials | Baring Private Equity Asia | Glenwood PE (Korea PI Holdings) | 54.07% | $879m | $208m | $52m | Details → | |
| May '22 Signed | AIM | HLB Life Science | AIM's largest shareholders | 100% | $68m | $115m | $29m | Details → | |
| May '22 Closed | Willings | Jaesco Holdings | Largest shareholder group | — | $21m | — | — | — | Details → |
| May '22 Closed | LS-Nikko Copper (LS MnM) 49.9% stake | LS Corp. | Japan Korea Joint Smelting (JKJS) consortium | 49.9% | $644m | $6.8bn | $244m | Details → | |
| May '22 Announced | Yeokjeon F&C (Yeokjeon Halmeoni Beer) | Keystone Partners | — | — | $69m | $46m | $13m | Details → | |
| May '22 Closed | CODEF | Settlebank | — | 74% | $8m | — | — | — | Details → |
| May '22 Signed | Sambu Construction | DYD and financial investors | — | 9.52% | $48m | $246m | -$3m | Details → | |
| May '22 Closed | Sangshin Food | Whitrin C&D, Melon Partners, Shinhan Capital | — | 78% | $27m | $33m | $3m | Details → | |
| Apr '22 Announced | Yes Power Technix | SK Inc. | — | 95.8% | $83m | — | — | — | Details → |
| Apr '22 Signed | Teazen | VIG Partners | IBKTS Exit PEF (70%), CEO Kim Jong-dae (15%) | 85% | $55m | $28m | $10m | Details → | |
| Apr '22 Announced | Onecall | E&F Private Equity | — | — | — | — | — | — | Details → |
| Apr '22 Announced | Poseung Green Power | LX International | DL Energy | 63.3% | $66m | $40m | $10m | Details → | |
| Apr '22 Announced | SK Materials Airplus industrial-gas production facility (Icheon) | Brookfield | SK Materials Airplus (SK Inc.) | — | $690m | — | — | — | Details → |
| Apr '22 Signed | Yonwoo | Kolmar Korea | CEO Ki Joong-hyun and Kim Yeo-ok | 55% | $198m | $198m | $21m | Details → | |
| Apr '22 Announced | Windsor whisky brand/business (Diageo Korea) | Windsor Global Star (domestic PEF vehicle) | Diageo | — | $138m | — | — | — | Details → |
| Apr '22 Closed | Samsung Bioepis 50%-1 share stake | Samsung Biologics | Biogen | 49.99% | — | — | — | — | Details → |
| Mar '22 Closed | Hankuk Glass Industries | LX International | Korea Glass Holdings (Glenwood PE) | 100% | $409m | $214m | $25m | Details → | |
| Mar '22 Announced | Two airport bus operators | TMAP Mobility | — | — | $138m | — | — | — | Details → |
| Mar '22 Closed | S&I Expert (S&I Corp. facility-management business) 60% | Macquarie Korea (Macquarie Asset Management) | LG Group (S&I Corporation) | 60% | — | — | — | — | Details → |
| Mar '22 Announced | Revu Corporation | LG Uplus with Kiwoom PE | — | — | — | $16m | $2m | Details → | |
| Mar '22 Signed | Zinus | Hyundai Department Store | Founder Lee Yun-jae and others | 30% | $534m | $775m | $51m | Details → | |
| Mar '22 Closed | Studio Lennon | Innocean Worldwide | — | 47.5% | $20m | — | — | — | Details → |
| Mar '22 Announced | Choroc Maeul | Jeongyookgak | Daesang Holdings | — | $62m | $138m | -$3m | Details → | |
| Mar '22 Signed | Medipost | Skylake–Crescendo consortium | CEO Yang Yoon-sun (partial) plus new shares/CB | 20.7% | $97m | $38m | -$4m | Details → | |
| Mar '22 Closed | W Concept Korea | SSG.COM | IMM Private Equity / IS E-Commerce | 100% | $183m | $70m | $2m | Details → | |
| Mar '22 Signed | Dio Corp. | Sesim consortium (Hong Seong-beom) | Dio Holdings and related parties | 26.44% | $211m | $103m | — | Details → | |
| Mar '22 Announced | FNC Investment | Beyond Music | FNC Entertainment | — | $32m | — | — | — | Details → |
| Mar '22 Announced | CM Infotech | Golfzon | — | — | $10m | — | — | — | Details → |
| Mar '22 Signed | Tesna | Doosan Corp. | AI Tree LLC | 38.7% | $317m | $143m | $37m | Details → | |
| Feb '22 Signed | Rich&Co (Goodrich) | JC Partners | — | 60% | $128m | — | -$11m | Details → | |
| Feb '22 Closed | 5minlab | Krafton | — | 100% | $16m | — | — | — | Details → |
| Jan '22 Closed | Classys | Bain Capital | CEO Jung Sung-jae and related parties | 60.84% | $462m | $69m | $36m | Details → | |
| Jan '22 Announced | Samsung SDS Home IoT business | Zigbang | Samsung SDS | — | — | — | — | — | Details → |
| Jan '22 Announced | Tasty9 | Fresheasy | — | — | — | $31m | -$5m | Details → | |
| Jan '22 Closed | Korea Ministop | Lotte CVS (Korea Seven / Lotte Holdings) | Aeon Group (Ministop Co.) | 100% | $216m | $745m | -$10m | Details → | |
| Jan '22 Announced | Environment Energy Solution | IS Dongseo | — | — | — | $112m | $6m | Details → | |
| Jan '22 Announced | Cookat | GS Retail | — | — | $38m | $30m | -$7m | Details → | |
| Dec '21 Signed | Sundaytoz (now Wemade Play) | Wemade (via Wemade Innovation) | Smilegate Holdings (old shares) + new shares | 20.9% | $94m | $73m | $9m | Details → | |
| Dec '21 Closed | TmaxSoft | Skylake Equity Partners | Chairman Park Dae-yeon and related parties | 60.7% | $388m | — | — | — | Details → |
| Dec '21 Signed | Daewoo E&C | Jungheung Construction Group | KDB Investment | 50.75% | $1.4bn | $5.6bn | $385m | Details → | |
| Dec '21 Closed | Grip Company | Kakao | — | 50% | $124m | — | — | — | Details → |
| Nov '21 Signed | A Twosome Place | Carlyle Group (Carlyle Asia Partners V) | Anchor Equity Partners | 100% | $690m | $252m | $27m | Details → | |
| Nov '21 Closed | Doosan Engineering & Construction | The Zenith Holdings (Q Capital Partners consortium incl. Skylake, Woori PE, Eugene AM, Shinyoung PE, DBC) | Doosan Heavy Industries (diluted via new share issuance) | 54% | $178m | — | — | — | Details → |
| Nov '21 Closed | Samkang M&T | SK ecoplant | — | 31.83% | $390m | $295m | $20m | Details → | |
| Nov '21 Closed | Outback Steakhouse Korea | bhc Group | Skylake Equity Partners | 100% | $172m | $205m | $16m | Details → | |
| Nov '21 Closed | eBay Korea | Emart (Shinsegae Group) | eBay Inc. | 80.01% | $2.4bn | $897m | $59m | Details → | |
| Oct '21 Signed | BNP Paribas Cardif General Insurance (now Shinhan EZ) | Shinhan Financial Group | BNP Paribas Group | 94.54% | — | — | — | — | Details → |
| Oct '21 Signed | Joongang Control | Lotte Data Communication | CEO Shin Sang-hee and two other individual shareholders | 71.14% | $48m | $30m | $0m | Details → | |
| Oct '21 Signed | Key Foundry | SK hynix | Magnus Semiconductor LLC (Magnus PEF) | 100% | $397m | $425m | — | Details → | |
| Oct '21 Signed | Hanssem | IMM Private Equity (IMM RoseGold IV; Lotte Shopping as strategic LP) | Founder Cho Chang-geol and 7 related parties | 27.7% | $1.0bn | $1.4bn | $64m | Details → | |
| Oct '21 Terminated | SsangYong Motor | Edison Motors consortium | SsangYong Motor (court receivership; new share issuance) | 95% | $210m | $2.0bn | -$310m | Details → | |
| Oct '21 Signed | Interpark travel/e-commerce division (spun-off NewCo) | Yanolja | Interpark Corp. | 70% | $203m | — | — | — | Details → |
| Oct '21 Announced | Seoul Shinmun | Seoul Media Holdings (Hoban Construction subsidiary) | Seoul Shinmun employee stock ownership association | 28.18% | $41m | — | — | — | Details → |
| Oct '21 Closed | Logen | Cowell Fashion (via CF Investment) | Baring Private Equity Asia (via Shuttle Korea) | 100% | $235m | $354m | — | Details → | |
| Oct '21 Announced | VCNC (Tada) | Viva Republica (Toss) | Socar (via new share issuance) | 60% | — | $4m | -$8m | Details → | |
| Sep '21 Announced | Sena Technologies | Kakao Games | — | 54.5% | $66m | $77m | $6m | Details → | |
| Sep '21 Announced | Millie's Library | Genie Music (KT Group) | CEO Seo Young-taek and investors | 38.6% | $32m | $13m | -$3m | Details → | |
| Sep '21 Closed | Munpia | Naver Webtoon | — | 36.08% | $75m | $29m | $5m | Details → | |
| Aug '21 Closed | StyleShare / A Plus B (29CM) | Musinsa | StyleShare shareholders | 100% | $207m | $28m | — | Details → | |
| Aug '21 Signed | Hugel | GS Group consortium (Aphrodite Acquisition Holdings: GS, CBC Group, Mubadala, IMM Investment) | Bain Capital (via Leguh Issuer DAC) | 42.895% | $1.2bn | $146m | $54m | Details → | |
| Aug '21 Announced | Wysiwyg Studios | Com2uS | — | 38.1% | $111m | $76m | $1m | Details → | |
| Aug '21 Closed | Ecorbit (merger of TSK Corp. and KKR's Eco Solution Group) | KKR / TY Holdings (50:50) | TY Holdings (TSK stake) / KKR (ESG stake) | 50% | — | — | — | — | Details → |
| Aug '21 Signed | Delivery Hero Korea (Yogiyo) | GS Retail / Affinity Equity Partners / Permira consortium | Delivery Hero SE | 100% | $552m | $241m | — | Details → | |
| Aug '21 Closed | Doosan Machine Tools | DTR Automotive (via GMT Holdings) | MBK Partners | 100% | $1.7bn | — | — | — | Details → |
| Jul '21 Closed | Dosi Hwangyeong, E-Medione, Green Environment Technology (3 medical-waste incinerators) | SK ecoplant | Korea Investment Private Equity (formerly EQ Partners) | 100% | $145m | — | — | — | Details → |
| Jul '21 Announced | Starbucks Coffee Korea | Emart | Starbucks Coffee International | 17.5% | $327m | $1.3bn | $113m | Details → | |
| Jul '21 Announced | ChunLab (now CJ Bioscience) | CJ CheilJedang | Cheon Jong-sik and Shanghai ZJ Bio-Tech (old shares) + new shares | 44% | $68m | $4m | -$6m | Details → | |
| Jul '21 Closed | Pet Friends | IMM Private Equity / GS Retail | CEO Kim Chang-won and VC investors | 95% | — | $22m | — | Details → | |
| Jul '21 Closed | Croquis (Zigzag) — merged with Kakao Commerce style division | Kakao | Croquis shareholders (Altos Ventures, Stonebridge, etc.) | — | — | — | — | — | Details → |
| Jun '21 Signed | Eastar Jet | Sungjeong Co. | Eastar Jet (court receivership; new share issuance) | — | $75m | — | — | — | Details → |
| Jun '21 Signed | Clenko, Daewon Green Energy, Saehan Environment, DDS (4 waste incinerators) | SK ecoplant | — | 100% | $276m | — | — | — | Details → |
| May '21 Terminated | Namyang Dairy Products | Hahn & Company | Hong Won-sik and family | 53.08% | $214m | $654m | -$53m | Details → | |
| May '21 Closed | Haeyang Energy / Seorabeol City Gas | Macquarie Asset Management (MKIF) | Glenwood Private Equity | 100% | $566m | $359m | $16m | Details → | |
| Apr '21 Announced | Signet EV (now SK Signet) | SK Inc. | — | 55.5% | $202m | $43m | — | Details → | |
| Apr '21 Closed | Hanjin Heavy Industries (now HJ Shipbuilding & Construction) | Dongbu Construction consortium (Dongbu, Korea Real Estate Trust, NH PE, Opus PE; EcoPrime Marine PEF) | Creditor shareholder council (KDB and 7 others) / BDO Unibank | 66.85% | — | $1.2bn | $36m | Details → | |
| Mar '21 Closed | Kumho Resort | Kumho Petrochemical / Kumho P&B Chemicals | Asiana Airlines and Kumho Asiana affiliates | 100% | $176m | $35m | -$8m | Details → | |
| Mar '21 Signed | Taihan Electric Wire | Hoban Industrial (Hoban Group) | IMM Private Equity (via Nike SPC) | 40% | $174m | $1.1bn | $39m | Details → | |
| Mar '21 Announced | Joonggonara | Eugene Asset Management consortium (Lotte Shopping as FI) | — | 93.9% | — | — | — | — | Details → |
| Mar '21 Signed | JobKorea | Affinity Equity Partners | H&Q Korea | 100% | $621m | — | — | — | Details → |
| Feb '21 Signed | Doosan Infracore | Hyundai Heavy Industries Holdings / KDB Investment consortium | Doosan Heavy Industries & Construction | 34.97% | $586m | $5.5bn | $455m | Details → | |
| Jan '21 Signed | Brooklyn The Burger Joint / Hyodo Chicken | Unison Capital Korea | NeoArtisan | — | $17m | — | — | — | Details → |
| Jan '21 Signed | SK Wyverns (baseball club) | Emart (Shinsegae Group) | SK Telecom | 100% | $93m | — | — | — | Details → |
| Jan '21 Announced | Satrec Initiative | Hanwha Aerospace | — | 30% | $75m | $62m | $9m | Details → |
- Yebyeol Non-Life Insurance (bridge insurer for MG Non-Life)←OK Next (OK Financial Group)—Seller: Korea Deposit Insurance Corporation
Acquisition of Yebyeol Non-Life Insurance (bridge insurer for MG Non-Life) (signed). Buyer: OK Next (OK Financial Group); seller: Korea Deposit Insurance Corporation; deal value undisclosed.
View details → - Acuon Capital / Acuon Savings Bank←Hanwha Life / Centroid PE consortium$600m · 96.06%Seller: EQT Partners (Agora, L.P.)
Acquisition of 96.06% of Acuon Capital / Acuon Savings Bank (signed). Buyer: Hanwha Life / Centroid PE consortium; seller: EQT Partners (Agora, L.P.); deal value KRW 870bn.
View details → - Hyundai Mobis automotive lighting business←OPmobility$414m · 100%Seller: Hyundai MobisPSR 0.2x
Acquisition of 100% of Hyundai Mobis automotive lighting business (signed). Buyer: OPmobility; seller: Hyundai Mobis; deal value KRW 600bn.
View details → - Hwaseong Cosmetic and Nowcos←Macquarie PE$207mSeller: Affirma Capital
A secondary buyout in which Macquarie takes over the cosmetics ODM platform built by Affirma Capital.
Covers 70% of Hwaseong Cosmetic and 100% of Nowcos; the founder's remaining 30% is planned to be acquired later. Financials are for Hwaseong Cosmetic.
View details → - Ray Co. (26.14% stake)←Graphy$34m · 26.14%Seller: Ray Holdings / CEO Lee Sang-cheol
Acquisition of 26.14% of Ray Co. (26.14% stake) (closed). Buyer: Graphy; seller: Ray Holdings / CEO Lee Sang-cheol; deal value KRW 49.2bn.
View details → - KC Safety Technology←Opus Private Equity$15m · 100%Seller: KC Green HoldingsPSR 1.3x · EQV/EBIT 17.2x
Acquisition of 100% of KC Safety Technology (signed). Buyer: Opus Private Equity; seller: KC Green Holdings; deal value KRW 22.3bn.
View details → - Lotte Ecowall←Lilson Private Equity$118m · 90%Seller: Lotte Energy MaterialsPSR 1.4x · EQV/EBIT 15.7x
Acquisition of 90% of Lotte Ecowall (closed). Buyer: Lilson Private Equity; seller: Lotte Energy Materials; deal value KRW 170.8bn.
View details → - Skin Idea (Medi-Peel) and Life&Bio←MBK Partners$207mSeller: Morgan Stanley Private EquityEV/EBITDA 8.0x
MBK Special Situations bought a derma brand and a health-supplement company together from Morgan Stanley PE, its first Korean buyout in about two years.
Financials are for Skin Idea only (excluding Life&Bio). Life&Bio’s 2025 consolidated revenue was KRW 44.2bn and operating income KRW 3.9bn (DART audit report). The reported multiple is about 8x EBITDA.
View details → - K Car←KG Steel (KG Group)$517m · 72.19%Seller: Hahn & Co (Hahn & Co Auto Service Holdings)PSR 0.3x · EQV/EBIT 10.0x
KG adds Korea's largest used-car retail platform to its carmaker KG Mobility; Hahn & Co exits an investment that began with SK Encar's direct-sales arm in 2018.
Closing (final payment) was on 31 August 2026. The price for KG Steel’s portion (25,632,810 shares, 52.5%) was adjusted from KRW 400.0bn to KRW 394.6bn under the price adjustment clause (amended filing of 27 August 2026). The deal value in the table is as of signing.
View details → - SK Horizon←KKR · IMM Investment–Stonebridge$2.1bn · 49%Seller: SK Telecom (secondary) + Company (new shares)PSR 14.6x
SK Telecom brings in outside capital to fund AI data centre growth while keeping control.
View details → - Samsung Display←Samsung Display (treasury shares)$3.1bn · 5%Seller: Samsung SDIPSR 3.0x · EQV/EBIT 21.9x
With battery demand weak, Samsung SDI turns a holding into cash for growth investment, and Samsung Display absorbs the stake as treasury shares.
View details → - SSG.com←E-mart · Shinsegae$877m · 30%Seller: Olympus First (SPC backed by KDB, Shinhan Bank and NH Investment & Securities; Affinity and BRV sold to it in Nov 2024)PSR 3.1x
Shinsegae Group settles a long-running exit issue with SSG.com's financial investors through a call option, in step with the separation of the group's two business lines.
View details → - Chungho Nais←The Carlyle Group$732m · 100%Seller: Individuals (founder's heirs etc.)PSR 2.1x · EQV/EBIT 23.6x
Facing an inheritance tax bill after the founder's death, the family sold control; Carlyle gains a water purifier and rental platform.
View details → - Silicon2←CVC Capital Partners$207m · 9.23%Seller: Company (new shares)PSR 2.6x · EQV/EBIT 14.4x
A minority growth investment, not a control deal, providing working capital to a listed K-beauty distribution platform.
6,666,666 redeemable convertible preferred shares issued through a third-party allotment.
View details → - Capstec←Genesis PE$55m · 100%Seller: SK Shieldus / Company HPSR 0.3x · EQV/EBIT 18.0x
Acquisition of 100% of Capstec (closed). Buyer: Genesis PE; seller: SK Shieldus / Company H; deal value KRW 79.2bn.
Revenue is operating revenue.
View details → - Lotte Rental←TPG (Lexicon Korea Holdco)$904m · 61.17%Seller: Hotel Lotte / Busan Lotte HotelPSR 0.7x · EQV/EBIT 6.9x
Acquisition of 61.17% of Lotte Rental (signed). Buyer: TPG (Lexicon Korea Holdco); seller: Hotel Lotte / Busan Lotte Hotel; deal value KRW 1.31tn.
View details → - SK D&D←Hahn & Company$51m · 31.27%Seller: SK Discovery and minority shareholders (tender offer)PSR 0.5x · EQV/EBIT 6.3x
Acquisition of 31.27% of SK D&D (closed). Buyer: Hahn & Company; seller: SK Discovery and minority shareholders (tender offer); deal value KRW 74.2bn.
View details → - SK Eternix←KKR$240m · 43.5%Seller: SK Discovery, Hahn & CoPSR 2.1x · EQV/EBIT 15.1x
Acquisition of 43.5% of SK Eternix (closed). Buyer: KKR; seller: SK Discovery, Hahn & Co; deal value KRW 347.9bn.
View details → - Bonchon International←Minor Food (Minor International PCL) / Serruya Private Equity—Seller: VIG Partners / Mr. Seo & Family
Acquisition of Bonchon International (closed). Buyer: Minor Food (Minor International PCL) / Serruya Private Equity; seller: VIG Partners / Mr. Seo & Family; deal value undisclosed.
View details → - Gong cha Global←Bain Capital—Seller: TA Associates and other shareholders
Acquisition of Gong cha Global (signed). Buyer: Bain Capital; seller: TA Associates and other shareholders; deal value undisclosed.
View details → - Woojin Trading←Brenntag SE—
Acquisition of Woojin Trading (signed). Buyer: Brenntag SE; deal value undisclosed.
View details → - SSP←Keistone Partners$276m · 100%Seller: LX InvestmentPSR 7.1x · EQV/EBIT 19.7x
Acquisition of 100% of SSP (closed). Buyer: Keistone Partners; seller: LX Investment; deal value KRW 400bn.
View details → - SK Siltron←Doosan Corp.$1.6bn · 70.6%Seller: SK Inc. (incl. 19.6% held via TRS)PSR 1.6x · EQV/EBIT 16.9x
SK Group sells a non-core asset to fund AI, chip and energy investment; Doosan builds a semiconductor chain from wafers to testing alongside Doosan Tesna.
View details → - Korbit←Mirae Asset Consulting (Mirae Asset Group)$98m · 97.15%Seller: NXC / SK PlanetPSR 14.9x
Acquisition of 97.15% of Korbit (closed). Buyer: Mirae Asset Consulting (Mirae Asset Group); seller: NXC / SK Planet; deal value KRW 141.4bn.
View details → - PolyPeptide Group←Samsung Biologics$1.9bn · 100%Seller: Draupnir Holding (55.65%) and public shareholders (tender offer)PSR 4.3x · EQV/EBIT 194.0x
Samsung Biologics expands from antibodies and ADCs into peptide contract manufacturing, riding GLP-1 obesity drug demand and adding plants in the US, Europe and India.
View details → - Kolon Industries functional & imaging materials business←IMM Private Equity—Seller: Kolon Industries
Acquisition of Kolon Industries functional & imaging materials business (in negotiation). Buyer: IMM Private Equity; seller: Kolon Industries; deal value undisclosed.
View details → - PPB Studios (Hapa Kristin)←KL&Partners$97m · 65%Seller: Largest shareholder Vision Equity Partners (about 42.97%) and othersPSR 3.7x · EQV/EBIT 39.8x
After Manyo Factory, KL&Partners bought a fast-growing color contact lens brand without acquisition financing.
Reported multiples are about 3.7x 2025 revenue and about 40x operating income. The company turned profitable in 2025.
View details → - SK Group renewable energy asset package←KKR$1.2bn · 51%Seller: SK Group affiliates (incl. SK ecoplant renewables unit)
Acquisition of 51% of SK Group renewable energy asset package (signed). Buyer: KKR; seller: SK Group affiliates (incl. SK ecoplant renewables unit); deal value KRW 1.8tn.
View details → - Ulsan GPS←STIC Investments · Korea Investment PE$844m · 49%Seller: SK GasPSR 3.3x · EQV/EBIT 15.6x
SK Gas recycles capital from a power plant in its first full year of operation while keeping control, meeting private equity demand for stable infrastructure cash flows.
View details → - Ultra V and ATGC←VIG Partners—
VIG added a skin-booster company and a botulinum toxin developer as bolt-ons to the LG Chem aesthetics business it bought in 2025, building an integrated medical aesthetics platform.
The three companies launched as Livscience in June 2026. Price and stakes undisclosed.
View details → - Homeplus Express←Harim Group$83m · 100%Seller: Homeplus (under court receivership)PSR 0.1x
Harim extends a decade-long food vertical-integration thesis (Pan Ocean, NS Shopping) into SSM retail, picking up Korea's #3 supermarket platform from a court-led seller at roughly half the 2024 guidance.
Deal value is the business transfer price in NS Shopping’s filing. Press reports put the deal size at about KRW 300bn; the filing shows KRW 170.5bn of liabilities in the transferred business. Revenue is from the seller’s financial statements for the last fiscal year.
View details → - Kakao Games←LAAA Investment (backed by LY Corp.)$337m · 33.43%Seller: Kakao Corp. (existing shares) / Kakao Games (new shares)PSR 3.1x
Acquisition of 33.43% of Kakao Games (closed). Buyer: LAAA Investment (backed by LY Corp.); seller: Kakao Corp. (existing shares) / Kakao Games (new shares); deal value KRW 488.9bn.
Deal value follows the filing (existing shares plus new shares). Some reports cited about KRW 300bn.
View details → - CG Bio←IMM Private Equity$387m · 51%Seller: Yoon Jae-seung (Daewoong) sidePSR 4.5x
Acquisition of 51% of CG Bio (terminated). Buyer: IMM Private Equity; seller: Yoon Jae-seung (Daewoong) side; deal value KRW 561bn.
View details → - Fortegra Group←DB Insurance$1.6bn · 100%Seller: Tiptree Inc. and Warburg PincusPSR 0.9x · EQV/EBIT 9.2x
DB Insurance buys a US specialty insurer to carry out its plan to "build a second DB Insurance in the US".
View details → - Mammoth Coffee Lab & Seojin Roasters←Orchestra Private Equity$69m · 100%Seller: Founders / existing shareholdersPSR 1.2x · EQV/EBIT 15.2x
Acquisition of 100% of Mammoth Coffee Lab & Seojin Roasters (closed). Buyer: Orchestra Private Equity; seller: Founders / existing shareholders; deal value KRW 100bn.
Financials are for Mammoth Coffee Lab only (excluding Seojin Roasters).
View details → - Ehwa Diamond Industrial←IMM Private Equity$276m · 65%Seller: Founder and familyPSR 1.7x · EQV/EBIT 18.6x
Acquisition of 65% of Ehwa Diamond Industrial (signed). Buyer: IMM Private Equity; seller: Founder and family; deal value KRW 400bn.
View details → - Liberty Asset Management (now Centroid Asset Management)←Centroid Investment Partners— · 100%Seller: Kim Jong-chul
Acquisition of 100% of Liberty Asset Management (now Centroid Asset Management) (closed). Buyer: Centroid Investment Partners; seller: Kim Jong-chul; deal value undisclosed.
View details → - Allday Fresh (Shabu Allday)←Jolli-K (Jollibee Foods) / Elevation Equity Partners$83m · 100%Seller: MyungryundangPSR 2.2x · EQV/EBIT 8.8x
Acquisition of 100% of Allday Fresh (Shabu Allday) (closed). Buyer: Jolli-K (Jollibee Foods) / Elevation Equity Partners; seller: Myungryundang; deal value KRW 120bn.
View details → - KFC Korea←The Carlyle Group (Carlyle Asia Partners)$132m · 100%Seller: Orchestra Private EquityPSR 0.7x · EQV/EBIT 11.7x
Acquisition of 100% of KFC Korea (closed). Buyer: The Carlyle Group (Carlyle Asia Partners); seller: Orchestra Private Equity; deal value KRW 192bn.
View details → - M-Plus Asset Management (50%+1 share)←Apex Invest— · 50%Seller: Military Mutual Aid Association
Acquisition of 50% of M-Plus Asset Management (50%+1 share) (closed). Buyer: Apex Invest; seller: Military Mutual Aid Association; deal value undisclosed.
View details → - SBI Savings Bank←Kyobo Life Insurance$621m · 50%Seller: SBI HoldingsPSR 1.2x
Acquisition of 50% of SBI Savings Bank (closed). Buyer: Kyobo Life Insurance; seller: SBI Holdings; deal value KRW 900.1bn.
View details → - SK Multi Utility (49% stake)←STIC Alternative / Korea Investment PE consortium$256m · 49%Seller: SK Chemicals
Acquisition of 49% of SK Multi Utility (49% stake) (signed). Buyer: STIC Alternative / Korea Investment PE consortium; seller: SK Chemicals; deal value KRW 371bn.
View details → - Aekyung Industrial←Taekwang Industrial / Beauty Life One (SPC of T2 Private Equity and Yuanta Investment)$306m · 63.13%Seller: AK Holdings / Aekyung Asset ManagementPSR 1.1x · EQV/EBIT 33.3x
Acquisition of 63.13% of Aekyung Industrial (closed). Buyer: Taekwang Industrial / Beauty Life One (SPC of T2 Private Equity and Yuanta Investment); seller: AK Holdings / Aekyung Asset Management; deal value KRW 444.2bn.
View details → - KES Environmental Development←E&F Private Equity consortium$138m · 80%Seller: JC PartnersPSR 2500.0x
Acquisition of 80% of KES Environmental Development (signed). Buyer: E&F Private Equity consortium; seller: JC Partners; deal value KRW 200bn.
View details → - Korean Air C&D Service←Korean Air$517m · 80%Seller: Hahn & CompanyPSR 1.3x · EQV/EBIT 10.4x
Acquisition of 80% of Korean Air C&D Service (signed). Buyer: Korean Air; seller: Hahn & Company; deal value KRW 750bn.
View details → - M&C Solution←Korea Investment Partners— · 73.78%Seller: Socius PE / Well to Sea Investment consortium
Acquisition of 73.78% of M&C Solution (terminated). Buyer: Korea Investment Partners; seller: Socius PE / Well to Sea Investment consortium; deal value undisclosed.
View details → - Echo Marketing←Bain Capital$149m · 43.66%Seller: CEO Kim Cheol-woong; AI Marketing GroupPSR 1.1x · EQV/EBIT 10.9x
Acquisition of 43.66% of Echo Marketing (closed). Buyer: Bain Capital; seller: CEO Kim Cheol-woong; AI Marketing Group; deal value KRW 216.6bn.
View details → - STIC Investments (11.44% stake)←Miri Capital (The Miri Strategic Emerging Markets Fund LP)$41m · 11.44%Seller: Chairman Do Yong-hwan
Acquisition of 11.44% of STIC Investments (11.44% stake) (closed). Buyer: Miri Capital (The Miri Strategic Emerging Markets Fund LP); seller: Chairman Do Yong-hwan; deal value KRW 60.1bn.
View details → - Hyundai IFC←Woori Private Equity Asset Management / Bailey Private Equity consortium$234m · 100%Seller: Hyundai SteelPSR 0.6x · EQV/EBIT 8.5x
Acquisition of 100% of Hyundai IFC (closed). Buyer: Woori Private Equity Asset Management / Bailey Private Equity consortium; seller: Hyundai Steel; deal value KRW 339.3bn.
View details → - Douzone Bizon←EQT Partners$2.2bn · 94%Seller: Founder Kim Yong-woo and Shinhan Value-up No.1 (Shinhan Financial affiliate), plus tender-offer shareholdersPSR 7.8x · EQV/EBIT 27.4x
EQT takes a leading Korean ERP software company fully private; the founder sells his entire stake.
View details → - Koru Pharma←LYFE Capital$68m · 70.2%Seller: Existing investors (KB Investment, Kolon Investment, DSC Investment, LF Investment) and the founderPSR 4.0x · EQV/EBIT 18.9x
The filler and aesthetics company chose a control sale over an IPO; LYFE Capital enters Korean medical aesthetics with its first solo control investment in Korea.
The founder keeps about 22%, stays on the board and co-manages the company. Reported closed in April 2026.
View details → - DIG Airgas←Air Liquide$3.3bn · 100%Seller:Macquarie Asia-Pacific Infrastructure Fund 2EV/Sales 6.1x · EV/EBITDA 20.0x
Air Liquide doubles its Korean footprint by buying an industrial gas supplier serving major semiconductor customers; Macquarie exits after about five years with a gain of more than $1.4bn.
View details → - Jung Saem Mool Beauty←CLSA Capital Partners$23mSeller: Company (new shares)
A redeemable convertible preferred share investment, not a control deal, funding the founder-led brand's overseas stores and a North American subsidiary.
Per the DART 2025 audit report, the RCPS subscription is KRW 34bn ($23.4m). The fund is $34.5m in size, with the Export-Import Bank of Korea committing $8.6m as anchor LP.
View details → - Changshin←Arc & Partners— · 90%Seller: Largest shareholder CEO Kim Sung-yong and others
Arc & Partners invests in the packaging layer of the K-beauty value chain through a container maker with an operating margin above 20%.
SPA signed in October 2025; closed with the final payment in late December 2025.
View details → - Moments Company (beplain)←Seoul Leaguer, Pan Asia PE and SG PE consortium$56m · 85.94%Seller: Hwahae Global, CEO Jung Yoon-jin and othersPSR 1.7x · EQV/EBIT 63.0x
Strategic investor Seoul Leaguer, with two financial investors, bought the operator of skincare brand beplain, which earns much of its revenue overseas.
Seoul Leaguer provided half of the equity investment ($28m). 2025 revenue was $60.3m and operating income $3.7m (DART 2025 audit report).
View details → - Boryeong LNG Terminal (49.9% stake)←IMM Investment / KB Balhae Infrastructure consortium$386m · 49.9%Seller: SK InnovationPSR 4.4x · EQV/EBIT 11.9x
Acquisition of 49.9% of Boryeong LNG Terminal (49.9% stake) (closed). Buyer: IMM Investment / KB Balhae Infrastructure consortium; seller: SK Innovation; deal value KRW 559bn.
View details → - Kakao Healthcare←CHA Bio Group (CHA Cares, CHA AI Healthcare)$55m · 43%Seller: Kakao Corp.PSR 15.6x
Acquisition of 43% of Kakao Healthcare (closed). Buyer: CHA Bio Group (CHA Cares, CHA AI Healthcare); seller: Kakao Corp.; deal value KRW 80bn.
Revenue is operating revenue.
View details → - Cleantopia←STIC Investments$426m · 100%Seller: JKL PartnersPSR 2.2x · EQV/EBIT 19.9x
Acquisition of 100% of Cleantopia (closed). Buyer: STIC Investments; seller: JKL Partners; deal value KRW 617.8bn.
View details → - Doosan Enerbility Vietnam Co., Ltd. (Doosan Vina)←HD Korea Shipbuilding & Offshore Engineering$259m · 100%Seller: Doosan EnerbilityPSR 0.8x · EQV/EBIT 11.9x
Acquisition of 100% of Doosan Enerbility Vietnam Co., Ltd. (Doosan Vina) (closed). Buyer: HD Korea Shipbuilding & Offshore Engineering; seller: Doosan Enerbility; deal value KRW 375.4bn.
View details → - Koentec←Gaw Capital Partners$507m · 100%Seller: E&F Private Equity, IS DongseoPSR 9.1x · EQV/EBIT 24.1x
Acquisition of 100% of Koentec (closed). Buyer: Gaw Capital Partners; seller: E&F Private Equity, IS Dongseo; deal value KRW 735bn.
View details → - IGIS Asset Management←Hillhouse Investment$759mSeller: Heirs of late founder and other major shareholders
Acquisition of IGIS Asset Management (terminated). Buyer: Hillhouse Investment; seller: Heirs of late founder and other major shareholders; deal value KRW 1.1tn.
View details → - LG Chem Water Solutions (NanoH2O)←Glenwood Private Equity$966m · 100%Seller: LG ChemPSR 5.6x
Acquisition of 100% of LG Chem Water Solutions (NanoH2O) (closed). Buyer: Glenwood Private Equity; seller: LG Chem; deal value KRW 1.4tn.
View details → - Aegis One (Hyundai LNG Shipping)←Frontier Resources (Sinar Mas Group)$276m · 100%Seller: IMM Private Equity / IMM Investment consortiumPSR 0.9x · EQV/EBIT 4.0x
Acquisition of 100% of Aegis One (Hyundai LNG Shipping) (signed). Buyer: Frontier Resources (Sinar Mas Group); seller: IMM Private Equity / IMM Investment consortium; deal value KRW 400bn.
Deal value is the equity purchase price. The enterprise value including debt was reported at about KRW 3.8tn. Financials are for the operating company Hyundai LNG Shipping.
View details → - Renewus, Renewone, Renew Energy Chungbuk←KKR$1.2bn · 100%Seller: SK Ecoplant
Acquisition of 100% of Renewus, Renewone, Renew Energy Chungbuk (closed). Buyer: KKR; seller: SK Ecoplant; deal value KRW 1.78tn.
View details → - Sangsangin Savings Bank←KBI Group$76m · 90%Seller: SangsanginPSR 0.4x
Acquisition of 90% of Sangsangin Savings Bank (signed). Buyer: KBI Group; seller: Sangsangin; deal value KRW 110.7bn.
Revenue is operating revenue (including interest income).
View details → - Solmics←TKG Taekwang$372m · 100%Seller: Hahn & CompanyPSR 3.1x · EQV/EBIT 19.8x
Acquisition of 100% of Solmics (closed). Buyer: TKG Taekwang; seller: Hahn & Company; deal value KRW 540bn.
View details → - C&C International←Ascent Equity Partners$197m · 41.22%Seller: Individuals (founder Chairman Bae Eun-cheol and family)PSR 1.8x · EQV/EBIT 17.5x
Secures control of a KOSDAQ colour-cosmetics ODM by buying founder-family shares plus a third-party allotment. Per the filing, proceeds are earmarked for a new Cheongju plant (KRW 45bn) and acquisition of securities of other companies (KRW 100bn).
The founding family keeps about 33.8%.
View details → - CJ Feed & Care←Royal De Heus$145m · 100%Seller: CJ CheilJedangPSR 0.1x · EQV/EBIT 2.8x
Acquisition of 100% of CJ Feed & Care (closed). Buyer: Royal De Heus; seller: CJ CheilJedang; deal value KRW 210.9bn.
Deal value is the disposal amount in the filing. The reported enterprise value is about KRW 1.2tn.
View details → - JTC←Affirma Capital (Juventus Holdings SPC)$62m · 40.33%Seller: Koo Chul-mo (former chairman)PSR 0.7x · EQV/EBIT 4.7x
Acquisition of 40.33% of JTC (closed). Buyer: Affirma Capital (Juventus Holdings SPC); seller: Koo Chul-mo (former chairman); deal value KRW 89.9bn.
Financials are for the fiscal year ended February 2025 (FY2025).
View details → - Samhwa (cosmetics packaging)←KKR$506m · 100%Seller: TPG
Acquisition of 100% of Samhwa (cosmetics packaging) (closed). Buyer: KKR; seller: TPG; deal value KRW 733bn.
View details → - Juno Hair←Blackstone$276m · 70%Seller: Founder Kang Yun-seon (owner side)PSR 1.9x
Acquisition of 70% of Juno Hair (signed). Buyer: Blackstone; seller: Founder Kang Yun-seon (owner side); deal value KRW 400bn.
View details → - GS Inima Environment←TAQA (Abu Dhabi National Energy Company)$1.2bn · 100%Seller: GS E&CPSR 2.9x
Acquisition of 100% of GS Inima Environment (signed). Buyer: TAQA (Abu Dhabi National Energy Company); seller: GS E&C; deal value KRW 1.68tn.
View details → - Remember & Company←EQT (BPEA Private Equity Fund VIII)$345mSeller: Ark & Partners
Acquisition of Remember & Company (closed). Buyer: EQT (BPEA Private Equity Fund VIII); seller: Ark & Partners; deal value KRW 500bn.
View details → - LG Chem Aesthetics business←VIG Partners$138mSeller: LG Chem
Acquisition of LG Chem Aesthetics business (signed). Buyer: VIG Partners; seller: LG Chem; deal value KRW 200bn.
View details → - Asiana Airlines cargo division←Air Incheon (Socius consortium)$324mSeller: Asiana Airlines / Korean Air
Acquisition of Asiana Airlines cargo division (closed). Buyer: Air Incheon (Socius consortium); seller: Asiana Airlines / Korean Air; deal value KRW 470bn.
View details → - Orion Technology←Hansol Technics / Highland Equity Partners— · 100%Seller: Keistone Partners
Acquisition of 100% of Orion Technology (closed). Buyer: Hansol Technics / Highland Equity Partners; seller: Keistone Partners; deal value undisclosed.
View details → - Pepper Savings Bank←OK Financial Group—Seller: Pepper Group
Acquisition of Pepper Savings Bank (terminated). Buyer: OK Financial Group; seller: Pepper Group; deal value undisclosed.
Revenue is operating revenue (including interest income).
View details → - HS Hyosung Advanced Materials tire steel cord business←Bain Capital—Seller: HS Hyosung Advanced Materials
Acquisition of HS Hyosung Advanced Materials tire steel cord business (terminated). Buyer: Bain Capital; seller: HS Hyosung Advanced Materials; deal value undisclosed.
View details → - Viol←VIG Partners (Vienna SPC)$175m · 34.76%Seller: DMS and tendering shareholdersPSR 12.5x · EQV/EBIT 20.2x
Acquisition of 34.76% of Viol (closed). Buyer: VIG Partners (Vienna SPC); seller: DMS and tendering shareholders; deal value KRW 253.8bn.
View details → - AJ Daewon←Genesis PE$16m · 81.29%Seller: AJ Networks
Acquisition of 81.29% of AJ Daewon (closed). Buyer: Genesis PE; seller: AJ Networks; deal value KRW 22.5bn.
View details → - ABL Life Insurance←Woori Financial Group$183m · 100%Seller: Dajia Insurance GroupEQV/EBIT 2.0x
Acquisition of 100% of ABL Life Insurance (closed). Buyer: Woori Financial Group; seller: Dajia Insurance Group; deal value KRW 265.4bn.
As an insurer, only operating income is shown.
View details → - Tongyang Life Insurance←Woori Financial Group$886m · 75.34%Seller: Dajia Insurance Group
Acquisition of 75.34% of Tongyang Life Insurance (closed). Buyer: Woori Financial Group; seller: Dajia Insurance Group; deal value KRW 1.28tn.
View details → - LBM (London Bagel Museum)←JKL Partners$110m · 100%Seller: FoundersPSR 2.0x · EQV/EBIT 6.6x
Acquisition of 100% of LBM (London Bagel Museum) (closed). Buyer: JKL Partners; seller: Founders; deal value KRW 160bn.
View details → - Hanyang Securities←KCGI$152m · 29.59%Seller: Hanyang Educational Foundation, Paiknam Tourism, HBDCPSR 0.9x · EQV/EBIT 13.7x
Acquisition of 29.59% of Hanyang Securities (closed). Buyer: KCGI; seller: Hanyang Educational Foundation, Paiknam Tourism, HBDC; deal value KRW 220.4bn.
As a securities firm, revenue is operating revenue.
View details → - PreedLife←Woongjin (WJ Life SPC)$612m · 99.77%Seller: VIG PartnersPSR 3.2x · EQV/EBIT 9.0x
Acquisition of 99.77% of PreedLife (closed). Buyer: Woongjin (WJ Life SPC); seller: VIG Partners; deal value KRW 887.9bn.
Revenue is operating revenue (including service revenue).
View details → - Norang Food (Norang Tongdak)←Jolli-K (Jollibee Foods) / Elevation Equity Partners— · 100%Seller: Q Capital Partners / Coston Asia
Acquisition of 100% of Norang Food (Norang Tongdak) (terminated). Buyer: Jolli-K (Jollibee Foods) / Elevation Equity Partners; seller: Q Capital Partners / Coston Asia; deal value undisclosed.
View details → - Seorin Company (Round Lab)←Goodai Global / Company K Partners$414m · 100%Seller: Kalips Capital / Meritz SecuritiesPSR 6.4x · EQV/EBIT 24.0x
Acquisition of 100% of Seorin Company (Round Lab) (closed). Buyer: Goodai Global / Company K Partners; seller: Kalips Capital / Meritz Securities; deal value KRW 600bn.
View details → - Ourhome←Hanwha Hotels & Resorts (SPC Urizip F&B)$600m · 58.62%Seller: Koo Bon-sung, Koo Mi-hyun et al.PSR 0.7x · EQV/EBIT 16.7x
Acquisition of 58.62% of Ourhome (closed). Buyer: Hanwha Hotels & Resorts (SPC Urizip F&B); seller: Koo Bon-sung, Koo Mi-hyun et al.; deal value KRW 869.5bn.
View details → - Manyo Factory←KL&Partners (K-Beauty Holdings)$131m · 51.87%Seller: L&P CosmeticPSR 3.5x · EQV/EBIT 23.0x
Acquisition of 51.87% of Manyo Factory (closed). Buyer: KL&Partners (K-Beauty Holdings); seller: L&P Cosmetic; deal value KRW 190bn.
View details → - SK Nexilis thin-film (FCCL) business←Affirma Capital$66mSeller: SK Nexilis (SKC subsidiary)
Acquisition of SK Nexilis thin-film (FCCL) business (closed). Buyer: Affirma Capital; seller: SK Nexilis (SKC subsidiary); deal value KRW 95bn.
View details → - M-Plus Asset Management←Cobalt Investment / VCM consortium$29m · 70%Seller: Military Mutual Aid Association
Acquisition of 70% of M-Plus Asset Management (terminated). Buyer: Cobalt Investment / VCM consortium; seller: Military Mutual Aid Association; deal value KRW 42bn.
View details → - SK Shipping←HMM—Seller: Hahn & Company
Acquisition of SK Shipping (terminated). Buyer: HMM; seller: Hahn & Company; deal value undisclosed.
View details → - Gayoung / Sungchang Ceramics←Keistone Partners$193m · 100%Seller: Skylake Equity PartnersPSR 3.0x · EQV/EBIT 11.5x
Acquisition of 100% of Gayoung / Sungchang Ceramics (signed). Buyer: Keistone Partners; seller: Skylake Equity Partners; deal value KRW 280bn.
View details → - Star Vision (OLENS)←CVC Capital Partners— · 49%Seller: PS Alliance & Pearl Investment
Acquisition of 49% of Star Vision (OLENS) (signed). Buyer: CVC Capital Partners; seller: PS Alliance & Pearl Investment; deal value undisclosed.
View details → - Hanon Systems←Hankook Tire & Technology$1.3bn · 54.77%Seller: Hahn & CompanyPSR 0.3x · EQV/EBIT 12.0x
Acquisition of 54.77% of Hanon Systems (closed). Buyer: Hankook Tire & Technology; seller: Hahn & Company; deal value KRW 1.82tn.
View details → - Hilldrosai CC←Kiwoom Investment Asset Management$103mSeller: Engineering Guarantee Insurance (EGI)
Acquisition of Hilldrosai CC (signed). Buyer: Kiwoom Investment Asset Management; seller: Engineering Guarantee Insurance (EGI); deal value KRW 150bn.
View details → - Gowoonsesang Cosmetics (Dr.G)←L'Oreal Group— · 100%Seller: Mibelle AG (Migros Group)
Acquisition of 100% of Gowoonsesang Cosmetics (Dr.G) (closed). Buyer: L'Oreal Group; seller: Mibelle AG (Migros Group); deal value undisclosed.
View details → - SK Specialty←Hahn & Company$1.9bn · 85%Seller: SK Inc.PSR 4.7x · EQV/EBIT 21.6x
Acquisition of 85% of SK Specialty (closed). Buyer: Hahn & Company; seller: SK Inc.; deal value KRW 2.7tn.
View details → - Ecorbit←IMM Private Equity & IMM Investment consortium$1.4bn · 100%Seller: TY Holdings & KKRPSR 3.1x · EQV/EBIT 18.8x
Acquisition of 100% of Ecorbit (closed). Buyer: IMM Private Equity & IMM Investment consortium; seller: TY Holdings & KKR; deal value KRW 2.07tn.
View details → - Lotte Rental←Affinity Equity Partners$1.1bn · 56.2%Seller: Hotel Lotte & Busan Lotte HotelPSR 1.0x · EQV/EBIT 9.0x
Acquisition of 56.2% of Lotte Rental (terminated). Buyer: Affinity Equity Partners; seller: Hotel Lotte & Busan Lotte Hotel; deal value KRW 1.57tn.
View details → - Korea Zinc←MBK Partners & Young Poong$633m · 5.34%Seller: Public shareholders (tender offer)PSR 1.8x · EQV/EBIT 26.0x
Acquisition of 5.34% of Korea Zinc (closed). Buyer: MBK Partners & Young Poong; seller: Public shareholders (tender offer); deal value KRW 917.3bn.
View details → - AMUSE←Shinsegae International$49m · 100%Seller: SNOW (Naver subsidiary, 77.6%) and other shareholdersPSR 1.9x · EQV/EBIT 39.6x
Acquisition of 100% of AMUSE (closed). Buyer: Shinsegae International; seller: SNOW (Naver subsidiary, 77.6%) and other shareholders; deal value KRW 71.3bn.
View details → - SK Magic kitchen appliance business (gas ranges, electric ranges, ovens)←Kyungdong Navien$29mSeller: SK Magic (SK Networks subsidiary)
Acquisition of SK Magic kitchen appliance business (gas ranges, electric ranges, ovens) (closed). Buyer: Kyungdong Navien; seller: SK Magic (SK Networks subsidiary); deal value KRW 42.6bn.
View details → - Hironic←Dongwha Pharmaceutical$83m · 45.09%Seller: Chairman Lee Jin-woo and spouse Lee Eun-sookPSR 7.9x · EQV/EBIT 50.5x
Acquisition of 45.09% of Hironic (terminated). Buyer: Dongwha Pharmaceutical; seller: Chairman Lee Jin-woo and spouse Lee Eun-sook; deal value KRW 120.7bn.
View details → - Pyeongtaek Energy Service (Hana Power Package)←E1 consortium (Kalista Capital, Meritz Securities)$410m · 100%Seller: Hana Securities (Hana Power Package SPC)PSR 0.7x · EQV/EBIT 6.8x
Acquisition of 100% of Pyeongtaek Energy Service (Hana Power Package) (closed). Buyer: E1 consortium (Kalista Capital, Meritz Securities); seller: Hana Securities (Hana Power Package SPC); deal value KRW 594.3bn.
View details → - SK Rent-a-car←Affinity Equity Partners (Carina)$566m · 100%Seller: SK NetworksPSR 0.6x · EQV/EBIT 6.7x
Acquisition of 100% of SK Rent-a-car (closed). Buyer: Affinity Equity Partners (Carina); seller: SK Networks; deal value KRW 820bn.
View details → - Jeisys Medical←Archimed (Syracuse Subco)$629m · 91.35%Seller: Kang Dong-hwan, Lee Myung-hoon and tendering shareholdersPSR 7.0x · EQV/EBIT 27.5x
Acquisition of 91.35% of Jeisys Medical (closed). Buyer: Archimed (Syracuse Subco); seller: Kang Dong-hwan, Lee Myung-hoon and tendering shareholders; deal value KRW 911.6bn.
Deal value and stake follow the filings including the tender offer result. Early reports cited about KRW 724bn for 72%.
View details → - KJ Environment and affiliates←EQT Infrastructure VI—Seller: Genesis Private Equity
Acquisition of KJ Environment and affiliates (closed). Buyer: EQT Infrastructure VI; seller: Genesis Private Equity; deal value undisclosed.
View details → - EM Korea←Keywest Global Asset Management (planned private trust)$24m · 17.29%Seller: Largest shareholder Kang Sam-soo
Acquisition of 17.29% of EM Korea (terminated). Buyer: Keywest Global Asset Management (planned private trust); seller: Largest shareholder Kang Sam-soo; deal value KRW 34.1bn.
View details → - Genuone Sciences←Macquarie Asset Management$428m · 100%Seller: IMM Private EquityPSR 1.6x · EQV/EBIT 92.5x
Acquisition of 100% of Genuone Sciences (closed). Buyer: Macquarie Asset Management; seller: IMM Private Equity; deal value KRW 620bn.
View details → - Club D Songnisan CC←Birdwood (Lamid Group)$62mSeller: IGIS Asset Management (Fund No. 232)
Acquisition of Club D Songnisan CC (closed). Buyer: Birdwood (Lamid Group); seller: IGIS Asset Management (Fund No. 232); deal value KRW 90bn.
View details → - Connectwave←MBK Partners$183m · 26.87%Seller: Public shareholders (tender offer)PSR 2.1x · EQV/EBIT 30.6x
Acquisition of 26.87% of Connectwave (closed). Buyer: MBK Partners; seller: Public shareholders (tender offer); deal value KRW 264.8bn.
View details → - MOM Holding Company (Momentive Performance Materials) remaining stake←KCC$557m · 39.61%Seller: MOM No.1 PEF (managed by SJL Partners)
Acquisition of 39.61% of MOM Holding Company (Momentive Performance Materials) remaining stake (closed). Buyer: KCC; seller: MOM No.1 PEF (managed by SJL Partners); deal value KRW 807.9bn.
Deal value and stake follow the filing. Some reports put the amount actually paid at about KRW 405bn for 20%.
View details → - Geo-Young (Chosun Hye GY Holdings)←MBK Partners$1.4bn · 71.25%Seller: Blackstone (SHC Golden)PSR 0.6x · EQV/EBIT 412.8x
Acquisition of 71.25% of Geo-Young (Chosun Hye GY Holdings) (closed). Buyer: MBK Partners; seller: Blackstone (SHC Golden); deal value KRW 2tn.
View details → - United Terminal Korea←IMM Private Equity$207m · 100%Seller: Macquarie PE / Macquarie Asset ManagementPSR 6.9x · EQV/EBIT 21.6x
Acquisition of 100% of United Terminal Korea (closed). Buyer: IMM Private Equity; seller: Macquarie PE / Macquarie Asset Management; deal value KRW 300bn.
View details → - Bluewon golf courses (Yongin CC, Sangju CC)←Fund set up by Mark Asset Management$179mSeller: Bluewon (Taeyoung Group)
Acquisition of Bluewon golf courses (Yongin CC, Sangju CC) (terminated). Buyer: Fund set up by Mark Asset Management; seller: Bluewon (Taeyoung Group); deal value KRW 260bn.
View details → - AbTis←Dong-A ST—Seller: Existing shareholders
Acquisition of AbTis (announced). Buyer: Dong-A ST; seller: Existing shareholders; deal value undisclosed.
View details → - HMM←Harim Group (Pan Ocean) / JKL Partners consortium$4.4bn · 57.9%Seller: Korea Development Bank / Korea Ocean Business CorporationPSR 0.6x · EQV/EBIT 1.1x
Acquisition of 57.9% of HMM (announced). Buyer: Harim Group (Pan Ocean) / JKL Partners consortium; seller: Korea Development Bank / Korea Ocean Business Corporation; deal value KRW 6.4tn.
View details → - Hankook & Company←MBK Partners (SPC Ventura) with Cho Hyun-shik$359m · 27.32%Seller: Public shareholders via tender offerPSR 1.7x · EQV/EBIT 7.8x
Acquisition of 27.32% of Hankook & Company (terminated). Buyer: MBK Partners (SPC Ventura) with Cho Hyun-shik; seller: Public shareholders via tender offer; deal value KRW 520bn.
View details → - Ingredion Korea←Sajo Daerim (Sajo Group)$265m · 100%Seller: Ingredion Inc. (US)PSR 0.8x
Acquisition of 100% of Ingredion Korea (signed). Buyer: Sajo Daerim (Sajo Group); seller: Ingredion Inc. (US); deal value KRW 384bn.
View details → - COSRX←Amorepacific$521m · 56.7%Seller: CEO Jun Sang-hoon and two othersPSR 6.5x · EQV/EBIT 26.1x
Acquisition of 56.7% of COSRX (signed). Buyer: Amorepacific; seller: CEO Jun Sang-hoon and two others; deal value KRW 755.1bn.
View details → - SK enpulse fine ceramics business (now Solmics)←Hahn & Company$248m · 100%Seller: SK enpulse (SKC subsidiary)
Acquisition of 100% of SK enpulse fine ceramics business (now Solmics) (signed). Buyer: Hahn & Company; seller: SK enpulse (SKC subsidiary); deal value KRW 360bn.
View details → - Daekyung Oil & Transportation←SK Trading International / KDB / Eugene Private Equity consortium (SPC)— · 100%Seller: STIC Investments (70%) and related parties (approx. 30%)
Acquisition of 100% of Daekyung Oil & Transportation (signed). Buyer: SK Trading International / KDB / Eugene Private Equity consortium (SPC); seller: STIC Investments (70%) and related parties (approx. 30%); deal value undisclosed.
View details → - SK PUcore←Glenwood PE (Korea PU Holdings)$283m · 100%Seller: SKC
Acquisition of 100% of SK PUcore (signed). Buyer: Glenwood PE (Korea PU Holdings); seller: SKC; deal value KRW 410.3bn.
View details → - EN-CORE←SK Networks$61m · 88.47%Seller: Anchor Equity PartnersPSR 3.4x · EQV/EBIT 15.2x
Acquisition of 88.47% of EN-CORE (closed). Buyer: SK Networks; seller: Anchor Equity Partners; deal value KRW 88.5bn.
View details → - ISC Co.←SKC$360m · 45.03%Seller: Helios PE fund No.1 and othersPSR 6.5x · EQV/EBIT 20.8x
Acquisition of 45.03% of ISC Co. (closed). Buyer: SKC; seller: Helios PE fund No.1 and others; deal value KRW 522.5bn.
View details → - LG Chem in-vitro diagnostics business (now Invitros)←Glenwood PE$103m · 100%Seller: LG ChemPSR 3.8x
Acquisition of 100% of LG Chem in-vitro diagnostics business (now Invitros) (closed). Buyer: Glenwood PE; seller: LG Chem; deal value KRW 150bn.
View details → - Vivawave (hince)←LG H&H$29m · 75%Seller: Existing shareholdersPSR 2.6x
Acquisition of 75% of Vivawave (hince) (signed). Buyer: LG H&H; seller: Existing shareholders; deal value KRW 42.5bn.
View details → - Hansung Green Factory←Keystone Partners$28mSeller: Existing shareholders
Acquisition of Hansung Green Factory (closed). Buyer: Keystone Partners; seller: Existing shareholders; deal value KRW 40bn.
View details → - Jinwoo SMC←Keystone Partners$62mSeller: Existing shareholders
Acquisition of Jinwoo SMC (closed). Buyer: Keystone Partners; seller: Existing shareholders; deal value KRW 90bn.
View details → - Ilooda←Classys (Bain Capital portfolio company)$28m · 18%Seller: CEO Kim Yong-hanPSR 4.9x · EQV/EBIT 27.1x
Acquisition of 18% of Ilooda (signed). Buyer: Classys (Bain Capital portfolio company); seller: CEO Kim Yong-han; deal value KRW 40.5bn.
View details → - Sulbing←UCK Partners$90m · 80%Seller: Founder Jung Sun-hee and related partiesPSR 6.4x · EQV/EBIT 16.4x
Acquisition of 80% of Sulbing (signed). Buyer: UCK Partners; seller: Founder Jung Sun-hee and related parties; deal value KRW 130bn.
View details → - Pims←Keystone Partners$41m · 75%Seller: Cafe24 (43%) and individual shareholders (32%)PSR 7.5x · EQV/EBIT 14.5x
Acquisition of 75% of Pims (closed). Buyer: Keystone Partners; seller: Cafe24 (43%) and individual shareholders (32%); deal value KRW 60bn.
View details → - Kwangjin Chemical←Affirma Capital / The Hahm Partners consortium$181m · 100%Seller: Existing shareholders (100%)PSR 3.0x · EQV/EBIT 20.5x
Acquisition of 100% of Kwangjin Chemical (closed). Buyer: Affirma Capital / The Hahm Partners consortium; seller: Existing shareholders (100%); deal value KRW 263bn.
View details → - Ssangyong Remicon←Jangwon Remicon (Jeongseon Aggregate Group)$266m · 79%Seller: Ssangyong C&E (Hahn & Company portfolio company)PSR 1.2x · EQV/EBIT 17.0x
Acquisition of 79% of Ssangyong Remicon (closed). Buyer: Jangwon Remicon (Jeongseon Aggregate Group); seller: Ssangyong C&E (Hahn & Company portfolio company); deal value KRW 385.6bn.
View details → - SK Shieldus←EQT Partners (EQT Infrastructure VI)$1.4bn · 68%Seller: SK Square (partial) and Macquarie Asset Management consortium (full exit)PSR 1.6x
Acquisition of 68% of SK Shieldus (closed). Buyer: EQT Partners (EQT Infrastructure VI); seller: SK Square (partial) and Macquarie Asset Management consortium (full exit); deal value KRW 2tn.
View details → - Samhwa (and affiliates)←TPG$207mSeller: Chairman Cho Hwi-cheol and CEO Cho Sung-hwan
Acquisition of Samhwa (and affiliates) (signed). Buyer: TPG; seller: Chairman Cho Hwi-cheol and CEO Cho Sung-hwan; deal value KRW 300bn.
View details → - KDB Life Insurance←Hana Financial Group— · 92.73%Seller: KDB Consus Value PEF (Korea Development Bank)
Acquisition of 92.73% of KDB Life Insurance (terminated). Buyer: Hana Financial Group; seller: KDB Consus Value PEF (Korea Development Bank); deal value undisclosed.
View details → - PI Advanced Materials←Arkema Korea Holding (Arkema)$690m · 54.07%Seller: Korea PI Holdings (Glenwood PE)PSR 6.7x · EQV/EBIT 35.5x
Acquisition of 54.07% of PI Advanced Materials (signed). Buyer: Arkema Korea Holding (Arkema); seller: Korea PI Holdings (Glenwood PE); deal value KRW 1tn.
View details → - Jungwon (Secret Day)←Ascent Private Equity$63m · 80%Seller: CEO Kim Sung-hoon, Monalisa and other major shareholdersPSR 1.9x · EQV/EBIT 15.8x
Acquisition of 80% of Jungwon (Secret Day) (signed). Buyer: Ascent Private Equity; seller: CEO Kim Sung-hoon, Monalisa and other major shareholders; deal value KRW 92bn.
View details → - Lutronic←Hahn & Company (Hahn & Co 23)$660m · 90.17%Seller: CEO Hwang Hae-ryung (19.33%) and public shareholders via tender offerPSR 4.0x · EQV/EBIT 19.2x
Acquisition of 90.17% of Lutronic (closed). Buyer: Hahn & Company (Hahn & Co 23); seller: CEO Hwang Hae-ryung (19.33%) and public shareholders via tender offer; deal value KRW 957bn.
View details → - Stericycle Korea (and Envitec Korea)←Korea Wide Partners / NH Investment & Securities (co-GP project fund)$117m · 100%Seller: Stericycle International Holdings
Acquisition of 100% of Stericycle Korea (and Envitec Korea) (closed). Buyer: Korea Wide Partners / NH Investment & Securities (co-GP project fund); seller: Stericycle International Holdings; deal value KRW 170bn.
View details → - Hanmi Entech←Toray Advanced Materials Korea— · 100%
Toray Advanced Materials Korea acquires water-treatment O&M specialist Hanmi Entech, layering operational capability on top of its existing filtration materials portfolio. The deal — its first water-related M&A since the 2013 Woongjin Chemical acquisition — signals a push from materials supplier to integrated solutions provider.
According to Toray Advanced Materials Korea’s consolidated audit report, 100% was acquired on 1 June 2023 and goodwill of KRW 37.6bn was recognised. The purchase price was not disclosed.
View details → - EOFlow←Medtronic (Medtronic Korea Holdings)$670m · 100%Seller: CEO Kim Jae-jin and major shareholders plus public shareholders (planned tender offer)PSR 144.9x
Acquisition of 100% of EOFlow (terminated). Buyer: Medtronic (Medtronic Korea Holdings); seller: CEO Kim Jae-jin and major shareholders plus public shareholders (planned tender offer); deal value KRW 971bn.
View details → - Edison Motors←KG Mobility$38m · 100%Seller: Company under rehabilitation (new shares after capital reduction)PSR 0.7x
Acquisition of 100% of Edison Motors (signed). Buyer: KG Mobility; seller: Company under rehabilitation (new shares after capital reduction); deal value KRW 55bn.
View details → - KFC Korea←Orchestra Private Equity$41m · 100%Seller: KG GroupPSR 0.3x · EQV/EBIT 9.8x
Acquisition of 100% of KFC Korea (closed). Buyer: Orchestra Private Equity; seller: KG Group; deal value KRW 60bn.
View details → - Korea Special Gases←SG Private Equity$100m · 100%Seller: CEO Seo Heung-nam (97%) and other shareholders (3%)PSR 3.6x · EQV/EBIT 20.1x
Acquisition of 100% of Korea Special Gases (closed). Buyer: SG Private Equity; seller: CEO Seo Heung-nam (97%) and other shareholders (3%); deal value KRW 145bn.
View details → - Osstem Implant←Dentistry Investment (MBK Partners / UCK Partners consortium)$1.6bn · 96.1%Seller: Public shareholders via tender offer; founder Choi Kyoo-okPSR 2.3x · EQV/EBIT 10.2x
Acquisition of 96.1% of Osstem Implant (closed). Buyer: Dentistry Investment (MBK Partners / UCK Partners consortium); seller: Public shareholders via tender offer; founder Choi Kyoo-ok; deal value KRW 2.3tn.
View details → - Mesh Korea (Vroong)←hy (Korea Yakult)$55m · 66.7%Seller: New shares / DIP debt-to-equity conversionPSR 0.3x
Acquisition of 66.7% of Mesh Korea (Vroong) (closed). Buyer: hy (Korea Yakult); seller: New shares / DIP debt-to-equity conversion; deal value KRW 80bn.
View details → - WeMakePrice←Qoo10— · 86.2%Seller: Wonder Holdings
Acquisition of 86.2% of WeMakePrice (closed). Buyer: Qoo10; seller: Wonder Holdings; deal value undisclosed.
View details → - Pavilion Asset Management (now Kyobo AIM Asset Management)←Kyobo Life Insurance— · 100%Seller: Existing shareholders
Acquisition of 100% of Pavilion Asset Management (now Kyobo AIM Asset Management) (closed). Buyer: Kyobo Life Insurance; seller: Existing shareholders; deal value undisclosed.
View details → - Interpark Commerce←Qoo10$103m · 100%Seller: Interpark (Yanolja)
Acquisition of 100% of Interpark Commerce (closed). Buyer: Qoo10; seller: Interpark (Yanolja); deal value KRW 150bn.
View details → - Daol Investment←Woori Financial Group$147m · 52%Seller: Daol Investment & Securities
Acquisition of 52% of Daol Investment (closed). Buyer: Woori Financial Group; seller: Daol Investment & Securities; deal value KRW 212.5bn.
View details → - Nexflex←MBK Partners$366m · 100%Seller: Skylake Equity PartnersPSR 2.6x · EQV/EBIT 7.2x
Acquisition of 100% of Nexflex (closed). Buyer: MBK Partners; seller: Skylake Equity Partners; deal value KRW 530bn.
View details → - EMRO←Samsung SDS$77m · 33.39%Seller: CEO Song Jae-min and related partiesPSR 5.7x · EQV/EBIT 51.5x
Acquisition of 33.39% of EMRO (closed). Buyer: Samsung SDS; seller: CEO Song Jae-min and related parties; deal value KRW 111.8bn.
View details → - SM Entertainment←Kakao / Kakao Entertainment$862m · 35%Seller: Public shareholders via tender offerPSR 4.2x · EQV/EBIT 39.2x
Acquisition of 35% of SM Entertainment (closed). Buyer: Kakao / Kakao Entertainment; seller: Public shareholders via tender offer; deal value KRW 1.25tn.
View details → - Taewoong Medical←Olympus Corporation (Japan)$337m · 100%Seller: Existing shareholdersPSR 7.1x · EQV/EBIT 49.8x
Acquisition of 100% of Taewoong Medical (signed). Buyer: Olympus Corporation (Japan); seller: Existing shareholders; deal value KRW 488bn.
View details → - Boryung Biopharma←Dongwon Industries—Seller: Boryung Partners
Acquisition of Boryung Biopharma (terminated). Buyer: Dongwon Industries; seller: Boryung Partners; deal value undisclosed.
View details → - SM Entertainment←HYBE$292m · 14.8%Seller: Founder Lee Soo-man (14.8%) and public shareholders via tender offerPSR 3.4x · EQV/EBIT 31.4x
Acquisition of 14.8% of SM Entertainment (terminated). Buyer: HYBE; seller: Founder Lee Soo-man (14.8%) and public shareholders via tender offer; deal value KRW 422.8bn.
View details → - Streami (GOPAX)←Binance— · 67.45%Seller: CEO Lee Jun-haeng and other existing shareholders
Acquisition of 67.45% of Streami (GOPAX) (closed). Buyer: Binance; seller: CEO Lee Jun-haeng and other existing shareholders; deal value undisclosed.
View details → - Eastar Jet←VIG Partners$103m · 100%Seller: Sungjung Co.
Acquisition of 100% of Eastar Jet (closed). Buyer: VIG Partners; seller: Sungjung Co.; deal value KRW 150bn.
View details → - Carelabs←Wonik Holdings$43m · 23.27%PSR 3.0x
Acquisition of 23.27% of Carelabs (closed). Buyer: Wonik Holdings; deal value KRW 62bn.
View details → - Meritz Asset Management (now KCGI Asset Management)←KCGI consortium (KCGI, Hwaseong Industrial)— · 100%Seller: Meritz Financial Group
Acquisition of 100% of Meritz Asset Management (now KCGI Asset Management) (closed). Buyer: KCGI consortium (KCGI, Hwaseong Industrial); seller: Meritz Financial Group; deal value undisclosed.
View details → - S-Traffic EV charging business (SS Charger)←SK Networks—Seller: S-Traffic
Acquisition of S-Traffic EV charging business (SS Charger) (closed). Buyer: SK Networks; seller: S-Traffic; deal value undisclosed.
View details → - Peoplelife←Hanwha Life Financial Services—
Acquisition of Peoplelife (closed). Buyer: Hanwha Life Financial Services; deal value undisclosed.
View details → - Medit←MBK Partners$1.7bn · 99.5%Seller: Unison Capital Korea, founder Jang Min-ho and related partiesPSR 12.9x · EQV/EBIT 23.9x
Acquisition of 99.5% of Medit (signed). Buyer: MBK Partners; seller: Unison Capital Korea, founder Jang Min-ho and related parties; deal value KRW 2.45tn.
View details → - CIS Co.←SFA Engineering$117m · 28%Seller: SBI Investment and othersPSR 4.6x
Acquisition of 28% of CIS Co. (signed). Buyer: SFA Engineering; seller: SBI Investment and others; deal value KRW 170bn.
View details → - Hanju Semiconductor←RFTech$9m · 49.3%
Acquisition of 49.3% of Hanju Semiconductor (announced). Buyer: RFTech; deal value KRW 13bn.
View details → - Daewoo Shipbuilding & Marine Engineering (Hanwha Ocean)←Hanwha Group (Hanwha Aerospace et al.)$1.4bn · 49.3%Seller: New share issuance (KDB remains with 28.2%)PSR 0.9x
Acquisition of 49.3% of Daewoo Shipbuilding & Marine Engineering (Hanwha Ocean) (signed). Buyer: Hanwha Group (Hanwha Aerospace et al.); seller: New share issuance (KDB remains with 28.2%); deal value KRW 2tn.
View details → - Dholic Commerce←Unison Capital—
Acquisition of Dholic Commerce (announced). Buyer: Unison Capital; deal value undisclosed.
View details → - SKC Future Materials (SKC film business)←Hahn & Company$1.1bn · 100%Seller: SKCPSR 1.4x · EQV/EBIT 23.2x
Acquisition of 100% of SKC Future Materials (SKC film business) (closed). Buyer: Hahn & Company; seller: SKC; deal value KRW 1.6tn.
View details → - TI Corporation←HLB Global$17m
Acquisition of TI Corporation (announced). Buyer: HLB Global; deal value KRW 25bn.
View details → - Daewon Kang Up←Hyundai Green Food$27m · 14.13%Seller: Chairman Huh Jae-cheol and 3 related partiesPSR 0.3x
Acquisition of 14.13% of Daewon Kang Up (signed). Buyer: Hyundai Green Food; seller: Chairman Huh Jae-cheol and 3 related parties; deal value KRW 38.4bn.
View details → - PanGen Biotech←CrystalGenomics$17m · 20.43%PSR 14.9x
Acquisition of 20.43% of PanGen Biotech (announced). Buyer: CrystalGenomics; deal value KRW 24bn.
View details → - Vroong (Mesh Korea) controlling stake←Eugene Sonic (Eugene Group)$41m · 53%Seller: Sale led by creditor OK Capital; existing shareholders
Acquisition of 53% of Vroong (Mesh Korea) controlling stake (announced). Buyer: Eugene Sonic (Eugene Group); seller: Sale led by creditor OK Capital; existing shareholders; deal value KRW 60bn.
View details → - Air Incheon←Socius PEF—
Acquisition of Air Incheon (announced). Buyer: Socius PEF; deal value undisclosed.
View details → - SsangYong Motor (KG Mobility)←KG Group consortium$252m · 61.86%Seller: Rehabilitation company (new shares; prior owner Mahindra)PSR 0.2x
Acquisition of 61.86% of SsangYong Motor (KG Mobility) (closed). Buyer: KG Group consortium; seller: Rehabilitation company (new shares; prior owner Mahindra); deal value KRW 365.5bn.
View details → - Vendys←Hyundai Ezwel$26m · 88.8%Seller: CEO Jo Jung-ho et al. (50%) and financial investors
Acquisition of 88.8% of Vendys (signed). Buyer: Hyundai Ezwel; seller: CEO Jo Jung-ho et al. (50%) and financial investors; deal value KRW 37.1bn.
View details → - ST Unitas←Megastudy Education$124m · 100%Seller: Bain Capital (50.32%) and other shareholdersPSR 0.8x
Acquisition of 100% of ST Unitas (terminated). Buyer: Megastudy Education; seller: Bain Capital (50.32%) and other shareholders; deal value KRW 180bn.
View details → - SsangYong Engineering & Construction←Global Sae-A— · 90%Seller: Investment Corporation of Dubai (ICD)
Acquisition of 90% of SsangYong Engineering & Construction (closed). Buyer: Global Sae-A; seller: Investment Corporation of Dubai (ICD); deal value undisclosed.
View details → - Iljin Materials (Lotte Energy Materials)←Lotte Chemical (via Lotte Battery Materials USA)$1.9bn · 53.3%Seller: Chairman Huh Jae-myung and related partiesPSR 7.4x · EQV/EBIT 72.5x
Acquisition of 53.3% of Iljin Materials (Lotte Energy Materials) (closed). Buyer: Lotte Chemical (via Lotte Battery Materials USA); seller: Chairman Huh Jae-myung and related parties; deal value KRW 2.7tn.
View details → - Paper Korea←Shinyoung Group (via Daenong)— · 53.29%Seller: UAMCO and U&I Lending
Acquisition of 53.29% of Paper Korea (announced). Buyer: Shinyoung Group (via Daenong); seller: UAMCO and U&I Lending; deal value undisclosed.
View details → - Korea Biopharm←DxVx$10m · 100%PSR 1.1x · EQV/EBIT 10.0x
Acquisition of 100% of Korea Biopharm (closed). Buyer: DxVx; deal value KRW 15bn.
View details → - Tmon←Qoo10— · 81.74%Seller: Anchor Equity Partners & KKR (Monster Holdings)
Acquisition of 81.74% of Tmon (signed). Buyer: Qoo10; seller: Anchor Equity Partners & KKR (Monster Holdings); deal value undisclosed.
View details → - STX Offshore & Shipbuilding (now K Shipbuilding)←UAMCO / KHI consortium$172mSeller: Creditor banks (KDB et al.)
Acquisition of STX Offshore & Shipbuilding (now K Shipbuilding) (closed). Buyer: UAMCO / KHI consortium; seller: Creditor banks (KDB et al.); deal value KRW 250bn.
View details → - Daehan Shipbuilding←KHI–Korea Investment PE–SG PE consortium$138m · 95%Seller: DSME (KDB-controlled)PSR 0.3x
Acquisition of 95% of Daehan Shipbuilding (closed). Buyer: KHI–Korea Investment PE–SG PE consortium; seller: DSME (KDB-controlled); deal value KRW 200bn.
View details → - Playtime←JoongAng Group$86m
Acquisition of Playtime (announced). Buyer: JoongAng Group; deal value KRW 125bn.
View details → - DY Polymer & DY Indus←SK ecoplant—
Acquisition of DY Polymer & DY Indus (announced). Buyer: SK ecoplant; deal value undisclosed.
View details → - Aero K Holdings←DAP (Daemyung Chemical Group)$21m · 64.04%
Acquisition of 64.04% of Aero K Holdings (announced). Buyer: DAP (Daemyung Chemical Group); deal value KRW 30bn.
View details → - 42dot←Hyundai Motor & Kia$295m · 93.2%Seller: CEO Song Chang-hyun and other shareholdersPSR 1147.3x
Acquisition of 93.2% of 42dot (closed). Buyer: Hyundai Motor & Kia; seller: CEO Song Chang-hyun and other shareholders; deal value KRW 427.7bn.
View details → - LabGenomics←Ruha Private Equity$127m · 23.28%Seller: CEO Jin Seung-hyun (old shares) plus new shares/CBPSR 3.9x · EQV/EBIT 7.6x
Acquisition of 23.28% of LabGenomics (signed). Buyer: Ruha Private Equity; seller: CEO Jin Seung-hyun (old shares) plus new shares/CB; deal value KRW 184bn.
View details → - Eco Management Korea Holdings (EMK)←Keppel Infrastructure Trust (with Keppel Asia Infrastructure Fund)$531mSeller: IMM Investment and Korea Development Bank
Acquisition of Eco Management Korea Holdings (EMK) (signed). Buyer: Keppel Infrastructure Trust (with Keppel Asia Infrastructure Fund); seller: IMM Investment and Korea Development Bank; deal value KRW 770bn.
View details → - Bodyfriend←Stonebridge Capital & Hahn & Brothers (BF Heart SPC)$288m · 46.3%Seller: VIG Partners (and Shinhan Venture Investment)PSR 1.5x · EQV/EBIT 13.1x
Acquisition of 46.3% of Bodyfriend (closed). Buyer: Stonebridge Capital & Hahn & Brothers (BF Heart SPC); seller: VIG Partners (and Shinhan Venture Investment); deal value KRW 417bn.
View details → - Toomics←Terapin Studios (NPX Capital portfolio company)$139m
Acquisition of Toomics (closed). Buyer: Terapin Studios (NPX Capital portfolio company); deal value KRW 202bn.
View details → - Barrel←The Nature Holdings$52m · 47.7%PSR 7.4x
Acquisition of 47.7% of Barrel (signed). Buyer: The Nature Holdings; deal value KRW 76bn.
View details → - Daesung Eltec←DH Global—
Acquisition of Daesung Eltec (announced). Buyer: DH Global; deal value undisclosed.
View details → - Kukdong Corp.←Chris F&C$23m · 21.82%PSR 0.7x
Acquisition of 21.82% of Kukdong Corp. (announced). Buyer: Chris F&C; deal value KRW 34bn.
View details → - Shinki Intermobile←Dayou Winia Group$21m · 70%Seller: Shinki
Acquisition of 70% of Shinki Intermobile (closed). Buyer: Dayou Winia Group; seller: Shinki; deal value KRW 30bn.
View details → - Humax Automotive (and Humax Weihai, China)←Carnavicom$22m · 100%Seller: HumaxPSR 0.3x
Acquisition of 100% of Humax Automotive (and Humax Weihai, China) (closed). Buyer: Carnavicom; seller: Humax; deal value KRW 32bn.
View details → - Starvision (OLENS)←Founder Park Sang-jin$290m · 51.03%Seller: VIG PartnersPSR 9.1x · EQV/EBIT 36.4x
Acquisition of 51.03% of Starvision (OLENS) (closed). Buyer: Founder Park Sang-jin; seller: VIG Partners; deal value KRW 420bn.
View details → - Lionheart Studio 30.37% stake←Kakao Games Europe$830m · 30.37%Seller: Wemade and other shareholdersPSR 17.0x · EQV/EBIT 18.4x
Acquisition of 30.37% of Lionheart Studio 30.37% stake (closed). Buyer: Kakao Games Europe; seller: Wemade and other shareholders; deal value KRW 1.2tn.
View details → - Ssangyong C&E 77.68% stake (GP-led continuation fund)←Hahn & Co continuation fund (Coller Capital consortium as lead investor)$1.4bn · 77.68%Seller: Hahn & Co Fund I
Acquisition of 77.68% of Ssangyong C&E 77.68% stake (GP-led continuation fund) (closed). Buyer: Hahn & Co continuation fund (Coller Capital consortium as lead investor); seller: Hahn & Co Fund I; deal value KRW 1.97tn.
View details → - Youngpoong Paper←Daeyang Metal$90m
Acquisition of Youngpoong Paper (announced). Buyer: Daeyang Metal; deal value KRW 130bn.
View details → - Doosan Mecatec←Bumhan Industries consortium$60m · 82.38%Seller: Doosan Enerbility; Metistone PEFPSR 0.4x · EQV/EBIT 9.5x
Acquisition of 82.38% of Doosan Mecatec (closed). Buyer: Bumhan Industries consortium; seller: Doosan Enerbility; Metistone PEF; deal value KRW 86.5bn.
View details → - PI Advanced Materials←Baring Private Equity Asia$879m · 54.07%Seller: Glenwood PE (Korea PI Holdings)PSR 7.8x · EQV/EBIT 31.1x
Acquisition of 54.07% of PI Advanced Materials (terminated). Buyer: Baring Private Equity Asia; seller: Glenwood PE (Korea PI Holdings); deal value KRW 1.27tn.
View details → - AIM←HLB Life Science$68m · 100%Seller: AIM's largest shareholdersPSR 0.6x · EQV/EBIT 2.3x
Acquisition of 100% of AIM (signed). Buyer: HLB Life Science; seller: AIM's largest shareholders; deal value KRW 97.9bn.
View details → - Willings←Jaesco Holdings$21mSeller: Largest shareholder group
Acquisition of Willings (closed). Buyer: Jaesco Holdings; seller: Largest shareholder group; deal value KRW 30.1bn.
View details → - LS-Nikko Copper (LS MnM) 49.9% stake←LS Corp.$644m · 49.9%Seller: Japan Korea Joint Smelting (JKJS) consortiumPSR 0.2x · EQV/EBIT 5.3x
Acquisition of 49.9% of LS-Nikko Copper (LS MnM) 49.9% stake (closed). Buyer: LS Corp.; seller: Japan Korea Joint Smelting (JKJS) consortium; deal value KRW 933.1bn.
View details → - Yeokjeon F&C (Yeokjeon Halmeoni Beer)←Keystone Partners$69m
Acquisition of Yeokjeon F&C (Yeokjeon Halmeoni Beer) (announced). Buyer: Keystone Partners; deal value KRW 100bn.
View details → - CODEF←Settlebank$8m · 74%
Acquisition of 74% of CODEF (closed). Buyer: Settlebank; deal value KRW 11.1bn.
View details → - Sambu Construction←DYD and financial investors$48m · 9.52%PSR 2.1x
Acquisition of 9.52% of Sambu Construction (signed). Buyer: DYD and financial investors; deal value KRW 70bn.
View details → - Sangshin Food←Whitrin C&D, Melon Partners, Shinhan Capital$27m · 78%PSR 1.0x · EQV/EBIT 13.2x
Acquisition of 78% of Sangshin Food (closed). Buyer: Whitrin C&D, Melon Partners, Shinhan Capital; deal value KRW 39bn.
View details → - Yes Power Technix←SK Inc.$83m · 95.8%
Acquisition of 95.8% of Yes Power Technix (announced). Buyer: SK Inc.; deal value KRW 120bn.
View details → - Teazen←VIG Partners$55m · 85%Seller: IBKTS Exit PEF (70%), CEO Kim Jong-dae (15%)PSR 2.3x · EQV/EBIT 6.6x
Acquisition of 85% of Teazen (signed). Buyer: VIG Partners; seller: IBKTS Exit PEF (70%), CEO Kim Jong-dae (15%); deal value KRW 80bn.
View details → - Onecall←E&F Private Equity—
Acquisition of Onecall (announced). Buyer: E&F Private Equity; deal value undisclosed.
View details → - Poseung Green Power←LX International$66m · 63.3%Seller: DL EnergyPSR 2.6x · EQV/EBIT 10.4x
Acquisition of 63.3% of Poseung Green Power (announced). Buyer: LX International; seller: DL Energy; deal value KRW 95bn.
View details → - SK Materials Airplus industrial-gas production facility (Icheon)←Brookfield$690mSeller: SK Materials Airplus (SK Inc.)
Acquisition of SK Materials Airplus industrial-gas production facility (Icheon) (announced). Buyer: Brookfield; seller: SK Materials Airplus (SK Inc.); deal value KRW 1tn.
View details → - Yonwoo←Kolmar Korea$198m · 55%Seller: CEO Ki Joong-hyun and Kim Yeo-okPSR 1.8x · EQV/EBIT 17.4x
Acquisition of 55% of Yonwoo (signed). Buyer: Kolmar Korea; seller: CEO Ki Joong-hyun and Kim Yeo-ok; deal value KRW 286.4bn.
View details → - Windsor whisky brand/business (Diageo Korea)←Windsor Global Star (domestic PEF vehicle)$138mSeller: Diageo
Acquisition of Windsor whisky brand/business (Diageo Korea) (announced). Buyer: Windsor Global Star (domestic PEF vehicle); seller: Diageo; deal value KRW 200bn.
View details → - Samsung Bioepis 50%-1 share stake←Samsung Biologics— · 49.99%Seller: Biogen
Acquisition of 49.99% of Samsung Bioepis 50%-1 share stake (closed). Buyer: Samsung Biologics; seller: Biogen; deal value undisclosed.
View details → - Hankuk Glass Industries←LX International$409m · 100%Seller: Korea Glass Holdings (Glenwood PE)PSR 1.9x · EQV/EBIT 16.2x
Acquisition of 100% of Hankuk Glass Industries (closed). Buyer: LX International; seller: Korea Glass Holdings (Glenwood PE); deal value KRW 592.5bn.
View details → - Two airport bus operators←TMAP Mobility$138m
Acquisition of Two airport bus operators (announced). Buyer: TMAP Mobility; deal value KRW 200bn.
View details → - S&I Expert (S&I Corp. facility-management business) 60%←Macquarie Korea (Macquarie Asset Management)— · 60%Seller: LG Group (S&I Corporation)
Acquisition of 60% of S&I Expert (S&I Corp. facility-management business) 60% (closed). Buyer: Macquarie Korea (Macquarie Asset Management); seller: LG Group (S&I Corporation); deal value undisclosed.
View details → - Revu Corporation←LG Uplus with Kiwoom PE—
Acquisition of Revu Corporation (announced). Buyer: LG Uplus with Kiwoom PE; deal value undisclosed.
View details → - Zinus←Hyundai Department Store$534m · 30%Seller: Founder Lee Yun-jae and othersPSR 2.3x · EQV/EBIT 34.8x
Acquisition of 30% of Zinus (signed). Buyer: Hyundai Department Store; seller: Founder Lee Yun-jae and others; deal value KRW 774.7bn.
View details → - Studio Lennon←Innocean Worldwide$20m · 47.5%
Acquisition of 47.5% of Studio Lennon (closed). Buyer: Innocean Worldwide; deal value KRW 29bn.
View details → - Choroc Maeul←Jeongyookgak$62mSeller: Daesang Holdings
Acquisition of Choroc Maeul (announced). Buyer: Jeongyookgak; seller: Daesang Holdings; deal value KRW 90bn.
View details → - Medipost←Skylake–Crescendo consortium$97m · 20.7%Seller: CEO Yang Yoon-sun (partial) plus new shares/CBPSR 12.3x
Acquisition of 20.7% of Medipost (signed). Buyer: Skylake–Crescendo consortium; seller: CEO Yang Yoon-sun (partial) plus new shares/CB; deal value KRW 140bn.
View details → - W Concept Korea←SSG.COM$183m · 100%Seller: IMM Private Equity / IS E-CommercePSR 2.6x · EQV/EBIT 85.5x
Acquisition of 100% of W Concept Korea (closed). Buyer: SSG.COM; seller: IMM Private Equity / IS E-Commerce; deal value KRW 265bn.
View details → - Dio Corp.←Sesim consortium (Hong Seong-beom)$211m · 26.44%Seller: Dio Holdings and related partiesPSR 7.7x
Acquisition of 26.44% of Dio Corp. (signed). Buyer: Sesim consortium (Hong Seong-beom); seller: Dio Holdings and related parties; deal value KRW 306.4bn.
View details → - FNC Investment←Beyond Music$32mSeller: FNC Entertainment
Acquisition of FNC Investment (announced). Buyer: Beyond Music; seller: FNC Entertainment; deal value KRW 47bn.
View details → - CM Infotech←Golfzon$10m
Acquisition of CM Infotech (announced). Buyer: Golfzon; deal value KRW 14.9bn.
View details → - Tesna←Doosan Corp.$317m · 38.7%Seller: AI Tree LLCPSR 5.7x · EQV/EBIT 22.0x
Acquisition of 38.7% of Tesna (signed). Buyer: Doosan Corp.; seller: AI Tree LLC; deal value KRW 460bn.
View details → - Rich&Co (Goodrich)←JC Partners$128m · 60%
Acquisition of 60% of Rich&Co (Goodrich) (signed). Buyer: JC Partners; deal value KRW 185bn.
View details → - 5minlab←Krafton$16m · 100%
Acquisition of 100% of 5minlab (closed). Buyer: Krafton; deal value KRW 23.8bn.
View details → - Classys←Bain Capital$462m · 60.84%Seller: CEO Jung Sung-jae and related partiesPSR 10.9x · EQV/EBIT 21.3x
Acquisition of 60.84% of Classys (closed). Buyer: Bain Capital; seller: CEO Jung Sung-jae and related parties; deal value KRW 669.9bn.
View details → - Samsung SDS Home IoT business←Zigbang—Seller: Samsung SDS
Acquisition of Samsung SDS Home IoT business (announced). Buyer: Zigbang; seller: Samsung SDS; deal value undisclosed.
View details → - Tasty9←Fresheasy—
Acquisition of Tasty9 (announced). Buyer: Fresheasy; deal value undisclosed.
View details → - Korea Ministop←Lotte CVS (Korea Seven / Lotte Holdings)$216m · 100%Seller: Aeon Group (Ministop Co.)PSR 0.3x
Acquisition of 100% of Korea Ministop (closed). Buyer: Lotte CVS (Korea Seven / Lotte Holdings); seller: Aeon Group (Ministop Co.); deal value KRW 313.4bn.
View details → - Environment Energy Solution←IS Dongseo—
Acquisition of Environment Energy Solution (announced). Buyer: IS Dongseo; deal value undisclosed.
View details → - Cookat←GS Retail$38m
Acquisition of Cookat (announced). Buyer: GS Retail; deal value KRW 55bn.
View details → - Sundaytoz (now Wemade Play)←Wemade (via Wemade Innovation)$94m · 20.9%Seller: Smilegate Holdings (old shares) + new sharesPSR 6.2x · EQV/EBIT 50.3x
Acquisition of 20.9% of Sundaytoz (now Wemade Play) (signed). Buyer: Wemade (via Wemade Innovation); seller: Smilegate Holdings (old shares) + new shares; deal value KRW 136.7bn.
View details → - TmaxSoft←Skylake Equity Partners$388m · 60.7%Seller: Chairman Park Dae-yeon and related parties
Acquisition of 60.7% of TmaxSoft (closed). Buyer: Skylake Equity Partners; seller: Chairman Park Dae-yeon and related parties; deal value KRW 562bn.
View details → - Daewoo E&C←Jungheung Construction Group$1.4bn · 50.75%Seller: KDB InvestmentPSR 0.5x · EQV/EBIT 7.3x
Acquisition of 50.75% of Daewoo E&C (signed). Buyer: Jungheung Construction Group; seller: KDB Investment; deal value KRW 2.06tn.
View details → - Grip Company←Kakao$124m · 50%
Acquisition of 50% of Grip Company (closed). Buyer: Kakao; deal value KRW 180bn.
View details → - A Twosome Place←Carlyle Group (Carlyle Asia Partners V)$690m · 100%Seller: Anchor Equity PartnersPSR 2.7x · EQV/EBIT 25.8x
Acquisition of 100% of A Twosome Place (signed). Buyer: Carlyle Group (Carlyle Asia Partners V); seller: Anchor Equity Partners; deal value KRW 1tn.
View details → - Doosan Engineering & Construction←The Zenith Holdings (Q Capital Partners consortium incl. Skylake, Woori PE, Eugene AM, Shinyoung PE, DBC)$178m · 54%Seller: Doosan Heavy Industries (diluted via new share issuance)
Acquisition of 54% of Doosan Engineering & Construction (closed). Buyer: The Zenith Holdings (Q Capital Partners consortium incl. Skylake, Woori PE, Eugene AM, Shinyoung PE, DBC); seller: Doosan Heavy Industries (diluted via new share issuance); deal value KRW 258bn.
View details → - Samkang M&T←SK ecoplant$390m · 31.83%PSR 3.4x · EQV/EBIT 49.8x
SK ecoplant extends its environmental and renewable infrastructure platform into offshore wind, taking a 31.83% stake in Samkang M&T as part of a KRW 1.07tn 2021 M&A campaign positioning the group ahead of an expected IPO.
View details → - Outback Steakhouse Korea←bhc Group$172m · 100%Seller: Skylake Equity PartnersPSR 0.8x · EQV/EBIT 10.5x
Acquisition of 100% of Outback Steakhouse Korea (closed). Buyer: bhc Group; seller: Skylake Equity Partners; deal value KRW 250bn.
View details → - eBay Korea←Emart (Shinsegae Group)$2.4bn · 80.01%Seller: eBay Inc.PSR 3.3x · EQV/EBIT 50.6x
Acquisition of 80.01% of eBay Korea (closed). Buyer: Emart (Shinsegae Group); seller: eBay Inc.; deal value KRW 3.44tn.
View details → - BNP Paribas Cardif General Insurance (now Shinhan EZ)←Shinhan Financial Group— · 94.54%Seller: BNP Paribas Group
Acquisition of 94.54% of BNP Paribas Cardif General Insurance (now Shinhan EZ) (signed). Buyer: Shinhan Financial Group; seller: BNP Paribas Group; deal value undisclosed.
View details → - Joongang Control←Lotte Data Communication$48m · 71.14%Seller: CEO Shin Sang-hee and two other individual shareholdersPSR 2.2x · EQV/EBIT 323.3x
Acquisition of 71.14% of Joongang Control (signed). Buyer: Lotte Data Communication; seller: CEO Shin Sang-hee and two other individual shareholders; deal value KRW 69bn.
View details → - Key Foundry←SK hynix$397m · 100%Seller: Magnus Semiconductor LLC (Magnus PEF)PSR 0.9x
Acquisition of 100% of Key Foundry (signed). Buyer: SK hynix; seller: Magnus Semiconductor LLC (Magnus PEF); deal value KRW 575.8bn.
View details → - Hanssem←IMM Private Equity (IMM RoseGold IV; Lotte Shopping as strategic LP)$1.0bn · 27.7%Seller: Founder Cho Chang-geol and 7 related partiesPSR 2.5x · EQV/EBIT 56.2x
Acquisition of 27.7% of Hanssem (signed). Buyer: IMM Private Equity (IMM RoseGold IV; Lotte Shopping as strategic LP); seller: Founder Cho Chang-geol and 7 related parties; deal value KRW 1.45tn.
View details → - SsangYong Motor←Edison Motors consortium$210m · 95%Seller: SsangYong Motor (court receivership; new share issuance)PSR 0.1x
Acquisition of 95% of SsangYong Motor (terminated). Buyer: Edison Motors consortium; seller: SsangYong Motor (court receivership; new share issuance); deal value KRW 304.8bn.
View details → - Interpark travel/e-commerce division (spun-off NewCo)←Yanolja$203m · 70%Seller: Interpark Corp.
Acquisition of 70% of Interpark travel/e-commerce division (spun-off NewCo) (signed). Buyer: Yanolja; seller: Interpark Corp.; deal value KRW 294bn.
View details → - Seoul Shinmun←Seoul Media Holdings (Hoban Construction subsidiary)$41m · 28.18%Seller: Seoul Shinmun employee stock ownership association
Acquisition of 28.18% of Seoul Shinmun (announced). Buyer: Seoul Media Holdings (Hoban Construction subsidiary); seller: Seoul Shinmun employee stock ownership association; deal value KRW 60bn.
View details → - Logen←Cowell Fashion (via CF Investment)$235m · 100%Seller: Baring Private Equity Asia (via Shuttle Korea)PSR 0.7x
Acquisition of 100% of Logen (closed). Buyer: Cowell Fashion (via CF Investment); seller: Baring Private Equity Asia (via Shuttle Korea); deal value KRW 340bn.
View details → - VCNC (Tada)←Viva Republica (Toss)— · 60%Seller: Socar (via new share issuance)
Acquisition of 60% of VCNC (Tada) (announced). Buyer: Viva Republica (Toss); seller: Socar (via new share issuance); deal value undisclosed.
View details → - Sena Technologies←Kakao Games$66m · 54.5%PSR 1.6x · EQV/EBIT 21.8x
Acquisition of 54.5% of Sena Technologies (announced). Buyer: Kakao Games; deal value KRW 95.2bn.
View details → - Millie's Library←Genie Music (KT Group)$32m · 38.6%Seller: CEO Seo Young-taek and investorsPSR 6.3x
Acquisition of 38.6% of Millie's Library (announced). Buyer: Genie Music (KT Group); seller: CEO Seo Young-taek and investors; deal value KRW 46.4bn.
View details → - Munpia←Naver Webtoon$75m · 36.08%PSR 7.2x · EQV/EBIT 41.1x
Acquisition of 36.08% of Munpia (closed). Buyer: Naver Webtoon; deal value KRW 108.2bn.
View details → - StyleShare / A Plus B (29CM)←Musinsa$207m · 100%Seller: StyleShare shareholdersPSR 7.5x
Acquisition of 100% of StyleShare / A Plus B (29CM) (closed). Buyer: Musinsa; seller: StyleShare shareholders; deal value KRW 300bn.
View details → - Hugel←GS Group consortium (Aphrodite Acquisition Holdings: GS, CBC Group, Mubadala, IMM Investment)$1.2bn · 42.895%Seller: Bain Capital (via Leguh Issuer DAC)PSR 19.0x · EQV/EBIT 51.5x
Acquisition of 42.895% of Hugel (signed). Buyer: GS Group consortium (Aphrodite Acquisition Holdings: GS, CBC Group, Mubadala, IMM Investment); seller: Bain Capital (via Leguh Issuer DAC); deal value KRW 1.72tn.
View details → - Wysiwyg Studios←Com2uS$111m · 38.1%PSR 3.8x · EQV/EBIT 234.3x
Acquisition of 38.1% of Wysiwyg Studios (announced). Buyer: Com2uS; deal value KRW 160.7bn.
View details → - Ecorbit (merger of TSK Corp. and KKR's Eco Solution Group)←KKR / TY Holdings (50:50)— · 50%Seller: TY Holdings (TSK stake) / KKR (ESG stake)
Acquisition of 50% of Ecorbit (merger of TSK Corp. and KKR's Eco Solution Group) (closed). Buyer: KKR / TY Holdings (50:50); seller: TY Holdings (TSK stake) / KKR (ESG stake); deal value undisclosed.
View details → - Delivery Hero Korea (Yogiyo)←GS Retail / Affinity Equity Partners / Permira consortium$552m · 100%Seller: Delivery Hero SEPSR 2.3x
Acquisition of 100% of Delivery Hero Korea (Yogiyo) (signed). Buyer: GS Retail / Affinity Equity Partners / Permira consortium; seller: Delivery Hero SE; deal value KRW 800bn.
View details → - Doosan Machine Tools←DTR Automotive (via GMT Holdings)$1.7bn · 100%Seller: MBK Partners
Acquisition of 100% of Doosan Machine Tools (closed). Buyer: DTR Automotive (via GMT Holdings); seller: MBK Partners; deal value KRW 2.4tn.
View details → - Dosi Hwangyeong, E-Medione, Green Environment Technology (3 medical-waste incinerators)←SK ecoplant$145m · 100%Seller: Korea Investment Private Equity (formerly EQ Partners)
Acquisition of 100% of Dosi Hwangyeong, E-Medione, Green Environment Technology (3 medical-waste incinerators) (closed). Buyer: SK ecoplant; seller: Korea Investment Private Equity (formerly EQ Partners); deal value KRW 210bn.
View details → - Starbucks Coffee Korea←Emart$327m · 17.5%Seller: Starbucks Coffee InternationalPSR 1.4x · EQV/EBIT 16.5x
Acquisition of 17.5% of Starbucks Coffee Korea (announced). Buyer: Emart; seller: Starbucks Coffee International; deal value KRW 474.3bn.
View details → - ChunLab (now CJ Bioscience)←CJ CheilJedang$68m · 44%Seller: Cheon Jong-sik and Shanghai ZJ Bio-Tech (old shares) + new sharesPSR 42.2x
Acquisition of 44% of ChunLab (now CJ Bioscience) (announced). Buyer: CJ CheilJedang; seller: Cheon Jong-sik and Shanghai ZJ Bio-Tech (old shares) + new shares; deal value KRW 98.3bn.
View details → - Pet Friends←IMM Private Equity / GS Retail— · 95%Seller: CEO Kim Chang-won and VC investors
Acquisition of 95% of Pet Friends (closed). Buyer: IMM Private Equity / GS Retail; seller: CEO Kim Chang-won and VC investors; deal value undisclosed.
View details → - Croquis (Zigzag) — merged with Kakao Commerce style division←Kakao—Seller: Croquis shareholders (Altos Ventures, Stonebridge, etc.)
Acquisition of Croquis (Zigzag) — merged with Kakao Commerce style division (closed). Buyer: Kakao; seller: Croquis shareholders (Altos Ventures, Stonebridge, etc.); deal value undisclosed.
View details → - Eastar Jet←Sungjeong Co.$75mSeller: Eastar Jet (court receivership; new share issuance)
Acquisition of Eastar Jet (signed). Buyer: Sungjeong Co.; seller: Eastar Jet (court receivership; new share issuance); deal value KRW 108.7bn.
View details → - Clenko, Daewon Green Energy, Saehan Environment, DDS (4 waste incinerators)←SK ecoplant$276m · 100%
Acquisition of 100% of Clenko, Daewon Green Energy, Saehan Environment, DDS (4 waste incinerators) (signed). Buyer: SK ecoplant; deal value KRW 400bn.
View details → - Namyang Dairy Products←Hahn & Company$214m · 53.08%Seller: Hong Won-sik and familyPSR 0.6x
Acquisition of 53.08% of Namyang Dairy Products (terminated). Buyer: Hahn & Company; seller: Hong Won-sik and family; deal value KRW 310.7bn.
View details → - Haeyang Energy / Seorabeol City Gas←Macquarie Asset Management (MKIF)$566m · 100%Seller: Glenwood Private EquityPSR 1.6x · EQV/EBIT 36.4x
Acquisition of 100% of Haeyang Energy / Seorabeol City Gas (closed). Buyer: Macquarie Asset Management (MKIF); seller: Glenwood Private Equity; deal value KRW 820bn.
View details → - Signet EV (now SK Signet)←SK Inc.$202m · 55.5%PSR 8.5x
Acquisition of 55.5% of Signet EV (now SK Signet) (announced). Buyer: SK Inc.; deal value KRW 293bn.
View details → - Hanjin Heavy Industries (now HJ Shipbuilding & Construction)←Dongbu Construction consortium (Dongbu, Korea Real Estate Trust, NH PE, Opus PE; EcoPrime Marine PEF)— · 66.85%Seller: Creditor shareholder council (KDB and 7 others) / BDO Unibank
Acquisition of 66.85% of Hanjin Heavy Industries (now HJ Shipbuilding & Construction) (closed). Buyer: Dongbu Construction consortium (Dongbu, Korea Real Estate Trust, NH PE, Opus PE; EcoPrime Marine PEF); seller: Creditor shareholder council (KDB and 7 others) / BDO Unibank; deal value undisclosed.
View details → - Kumho Resort←Kumho Petrochemical / Kumho P&B Chemicals$176m · 100%Seller: Asiana Airlines and Kumho Asiana affiliatesPSR 5.0x
Acquisition of 100% of Kumho Resort (closed). Buyer: Kumho Petrochemical / Kumho P&B Chemicals; seller: Asiana Airlines and Kumho Asiana affiliates; deal value KRW 255.4bn.
View details → - Taihan Electric Wire←Hoban Industrial (Hoban Group)$174m · 40%Seller: IMM Private Equity (via Nike SPC)PSR 0.4x · EQV/EBIT 11.1x
Acquisition of 40% of Taihan Electric Wire (signed). Buyer: Hoban Industrial (Hoban Group); seller: IMM Private Equity (via Nike SPC); deal value KRW 251.8bn.
View details → - Joonggonara←Eugene Asset Management consortium (Lotte Shopping as FI)— · 93.9%
Acquisition of 93.9% of Joonggonara (announced). Buyer: Eugene Asset Management consortium (Lotte Shopping as FI); deal value undisclosed.
View details → - JobKorea←Affinity Equity Partners$621m · 100%Seller: H&Q Korea
Acquisition of 100% of JobKorea (signed). Buyer: Affinity Equity Partners; seller: H&Q Korea; deal value KRW 900bn.
View details → - Doosan Infracore←Hyundai Heavy Industries Holdings / KDB Investment consortium$586m · 34.97%Seller: Doosan Heavy Industries & ConstructionPSR 0.3x · EQV/EBIT 3.7x
Acquisition of 34.97% of Doosan Infracore (signed). Buyer: Hyundai Heavy Industries Holdings / KDB Investment consortium; seller: Doosan Heavy Industries & Construction; deal value KRW 850bn.
View details → - Brooklyn The Burger Joint / Hyodo Chicken←Unison Capital Korea$17mSeller: NeoArtisan
Acquisition of Brooklyn The Burger Joint / Hyodo Chicken (signed). Buyer: Unison Capital Korea; seller: NeoArtisan; deal value KRW 25bn.
View details → - SK Wyverns (baseball club)←Emart (Shinsegae Group)$93m · 100%Seller: SK Telecom
Acquisition of 100% of SK Wyverns (baseball club) (signed). Buyer: Emart (Shinsegae Group); seller: SK Telecom; deal value KRW 135.3bn.
View details → - Satrec Initiative←Hanwha Aerospace$75m · 30%PSR 4.1x · EQV/EBIT 26.5x
Acquisition of 30% of Satrec Initiative (announced). Buyer: Hanwha Aerospace; deal value KRW 108.9bn.
View details →