Keystone Partners acquires Hansung Green Factory for KRW 40bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $28m
- Stake
- —
- Implied 100%
- —
- Revenue
- —
- Op. income
- —
- Multiples
- —
- Target
- Hansung Green Factory · Food manufacturing (frozen vegetables)
- Buyer
- Keystone Partners · FI
- Seller
- Existing shareholders
- Structure
- —
- Announced
- Sep 5, 2023
- Closed
- —
- Stage
- Closed
Target
Hansung Green Factory is a small company founded in June 2016 and based in Eumseong, Chungcheongbuk-do, whose main product is quick-frozen vegetables (per the business-data platform THE VC).
Deal rationale
According to Herald Business, Keystone Partners completed the buyout of Hansung Green Factory (KRW 40bn) in the first half of 2023 through its 4th blind fund (KRW 530bn). Keystone said it plans to expand mid-cap buyout investments in companies with stable cash flow and growth potential. No deal-specific rationale was reported.
Press coverage
- 헤럴드경제 (2023-09-05): “한성그린팩토리 … 400억원”
- THE VC (): “2016년 6월에 설립된 한국계∙중소기업이며, 급속냉동 채소가 주요 제품/서비스”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.