KCGI acquires 29.59% of Hanyang Securities for KRW 220.4bn
- Deal value
- $152m
- Stake
- 29.59%
- Implied 100%
- $514m
- Revenue
- $575m
- Op. income
- $38m
- Multiples
- EQV/EBIT 13.7xPSR 0.9x
Deal value ÷ stake (structure unconfirmed)
2024 연결 · DART-verified
2024 연결 · DART-verified
On implied equity value
DART 20250321001966
- Target
- Hanyang Securities · Securities brokerage
- Buyer
- KCGI · FI
- Seller
- Hanyang Educational Foundation, Paiknam Tourism, HBDC
- Structure
- —
- Announced
- Sep 19, 2024
- Closed
- Jun 18, 2025
- Stage
- Closed
Target
Small-to-mid sized securities firm formerly controlled by the Hanyang educational foundation; equity capital was KRW 489.8bn at end-2023 (IB Tomato).
Deal rationale
Per Smart Today, the Hanyang foundation pursued the sale to address financial distress at affiliates including Hanyang Industrial Development; KCGI signed at KRW 58,500 per share (KRW 220.4bn), about 10% below its KRW 65,000 preferred-bidder proposal. The Fact reported the acquisition fund has a five-year term and KCGI plans to run the firm directly for at least that period; FSC approval came on June 11, 2025 (Asia Economy).
| Revenue | $575m |
| Operating income | $38m |
| EBITDA | — |
| Net income | — |
2024 연결 · DART-verified · 20250321001966
Press coverage
- 스마트투데이 (2024-09-19): “한양증권, 강성부 품으로…10% 깎고 주식매매계약 체결”
- 더팩트 (2025-06-14): “금융위원회는 지난 11일 정례 회의를 열고 한양증권의 대주주 변경 안건을 의결했다.”
- 아시아경제 (2025-06-11): “한양증권 지분 29.59%(376만6973주)를 주당 5만8500원, 총 2204억원에 인수하는 내용이 골자다.”
- IB토마토 (2024-08-09): “2023년 말 자기자본 4898억원”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.