IMM Private Equity to acquire 65% of Ehwa Diamond Industrial for KRW 400bn
- Deal value
- $276m
- Stake
- 65%
- Implied 100%
- $424m
- Revenue
- $255m
- Op. income
- $23m
- Multiples
- EQV/EBIT 18.6xPSR 1.7x
Deal value ÷ stake (structure unconfirmed)
2025 연결 · DART-verified
2025 연결 · DART-verified
On implied equity value
DART 20260331002816
- Target
- Ehwa Diamond Industrial · Diamond tools
- Buyer
- IMM Private Equity · FI
- Seller
- Founder and family
- Structure
- —
- Announced
- May 12, 2026
- Closed
- —
- Stage
- Signed
Target
Founded in 1975 as Korea's first mass producer of diamond tools, serving construction and stone, precision automotive machining, and display and semiconductor processes, with customers including Bosch, Hyundai Motor, Samsung Electronics and TSMC; 10 overseas production sites and 7 sales subsidiaries, reported as No. 1 in Korea and top three globally.
Deal rationale
IMM PE signed an SPA to buy a 65% controlling stake for about KRW 400bn from the founding family and related parties, saying it would expand global production and sales bases, raise share in advanced industries and keep supporting core-talent development and R&D while respecting the existing organization and engineering culture. Herald Economy reported the deal fits IMM PE's push into manufacturing and materials/parts/equipment, targeting assets with clear cash generation and growth, using its Rose Gold 5 blind fund. No stated reason from the sellers was found.
| Revenue | $255m |
| Operating income | $23m |
| EBITDA | — |
| Net income | — |
2025 연결 · DART-verified · 20260331002816
Press coverage
- 아시아경제 (2026-05-13): “IMM PE는 이화다이아몬드공업과 경영권 지분 65%를 4000억원 안팎에 인수하는 주식매매계약(SPA)를 전날 체결했다.”
- 헤럴드경제 (2026-05-12): “전체 거래 규모는 4000억원대로 알려졌다.”
- 딜사이트 (2026-05-28): “IMM PE는 최근 이 회사의 경영권 지분 65%를 약 4000억원대에 인수하는 주식매매계약(SPA)을 체결하고 자금 조달에 착수했다.”
- 딜사이트 (2026-10-02): “▲IMM프라이빗에쿼티의 이화다이아몬드공업 인수(4000억원)”
- 헤럴드경제(다음) (2026-07-04): “공정거래위원회 기업결합 심사 중… 3분기 중 잔금 납입·거래 종결 전망”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.