DxVx acquires 100% of Korea Biopharm for KRW 15bn

SI Bio & Healthcare Health functional food OEM/ODM manufacturing

Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.

Deal value
$10m
Stake
100%
Implied 100%
$10m

Deal value ÷ stake (structure unconfirmed)

Revenue
$9m

2021 · Single report, unverified

Op. income
$1m

2021 · Single report, unverified

Multiples
EQV/EBIT 10.0xPSR 1.1x

On implied equity value

Target
Korea Biopharm · Health functional food OEM/ODM manufacturing
Buyer
DxVx · SI
Seller
—
Structure
—
Announced
Sep 16, 2022
Closed
—
Stage
Closed

Target

Founded in 1995, Korea Biopharm is a health functional food OEM/ODM manufacturer with two plants in Jincheon, Chungbuk, ten production lines for powders, tablets and capsules, and about 120 products for 58 client companies.

Deal rationale

DxVx said the acquisition aims to enter the CDMO market and build a structure spanning R&D, production and distribution (Newsis). CEO Park Sang-tae said securing a production base links R&D capability to manufacturing; the company plans to expand exports to China from the acquired GMP facility and launch about ten domestic products based on its microbiome research, with synergies expected with Cori Group led by largest shareholder Lim Jong-yoon.

수직계열화신사업 진출
Revenue$9m
Operating income$1m
EBITDA—
Net income—

2021 · Single report, unverified (not yet checked against DART)

Press coverage

  • 뉴시스 (2022-09-16): “한국바이오팜 지분 100%를 150억원에 인수했다고 16일 밝혔다.”

This is a data entry summarising filings and press reports. Please check the original sources for the figures.