SK Trading International / KDB / Eugene Private Equity consortium (SPC) to acquire 100% of Daekyung Oil & Transportation
- Deal value
- —
- Stake
- 100%
- Implied 100%
- —
- Revenue
- $436m
- Op. income
- $56m
- Multiples
- —
2022 연결 · DART-verified
2022 연결 · DART-verified
DART 20230328000951
- Target
- Daekyung Oil & Transportation · Animal fats & biofuel feedstock
- Buyer
- SK Trading International / KDB / Eugene Private Equity consortium (SPC) · 기타
- Seller
- STIC Investments (70%) and related parties (approx. 30%)
- Structure
- —
- Announced
- Oct 17, 2023
- Closed
- —
- Stage
- Signed
Target
Founded in 1995, Daekyung Oil & Transportation processes animal fats from slaughter by-products and collects used cooking oil, supplying them as feedstock for biodiesel and sustainable aviation fuel (SAF). It operates 13 sites nationwide and is reported as Korea's largest player (about 40% share).
Deal rationale
SK Trading International said the investment was to secure feedstock for bio-based sustainable aviation fuel; CEO Seo Seok-won said preparing early for the SAF market in line with SK Innovation's 'Carbon to Green' strategy was essential. Seller STIC Investments was reported to have acquired the company in 2017 for KRW 94.5bn and to expect a MOIC of over 3x, with its Growth M&A fund nearing liquidation targets. STIC said it had transformed the company from a feed-ingredient supplier into a sustainable-energy feedstock supplier.
| Revenue | $436m |
| Operating income | $56m |
| EBITDA | — |
| Net income | — |
2022 연결 · DART-verified · 20230328000951
Press coverage
- 뉴스핌 (2023-10-17): “산업은행·SKTI, 폐식용유·동물성유지 공급 1위 ‘대경오앤티’ 인수”
- 파이낸셜뉴스 (2023-10-17): “SK트레이딩인터내셔널, 바이오디젤 ‘대경오앤티’ 인수”
- 한국경제 (2023-09-18): “SK TI·유진PE 컨소시엄, 동물성유지 대경오앤티 품는다”
- 메트로경제 (2023-10-17): “SPC 지분은 SK트레이딩인터내셔널 40%, KDB산업은행과 유진PE 합계 60%”
- 더팩트 (2021-11-06): “지난해 매출액은 3314억 원, 영업이익은 165억 원… 올해 EBITDA 전망치는 360억 원 수준”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.