DYD and financial investors to acquire 9.52% of Sambu Construction for KRW 70bn
- Deal value
- $48m
- Stake
- 9.52%
- Implied 100%
- $507m
- Revenue
- $246m
- Op. income
- -$3m
- Multiples
- PSR 2.1x
Deal value ÷ stake (structure unconfirmed)
2021 연결 · DART-verified
2021 연결 · DART-verified
On implied equity value
DART 20231212000335
- Target
- Sambu Construction · General construction
- Buyer
- DYD and financial investors · SI
- Seller
- —
- Structure
- —
- Announced
- May 4, 2022
- Closed
- —
- Stage
- Signed
Target
Mid-sized contractor holding Korea's first construction licence (1948), engaged in contract construction and self-developed sales projects, with an order backlog of about KRW 1.8tn as of Q1 2022 and 2021 net income of KRW 8.1bn.
Deal rationale
A DYD official said the deal would expand the company into a real-estate developer spanning civil engineering, construction and architecture (Asia Economy). Per Dealsite, the disclosed purpose was expansion of the construction business; of the KRW 70bn, KRW 30bn came from DYD's own funds and KRW 40bn from financial investors. The sellers were the previous largest shareholder Hustory and others.
| Revenue | $246m |
| Operating income | -$3m |
| EBITDA | — |
| Net income | — |
2021 연결 · DART-verified · 20231212000335
Press coverage
- 아시아경제 (2022-05-04): “3개사가 700억원에 삼부토건 구주 1750만주를 매입해 지분 9.52%를 확보하게 된다.”
- 딜사이트 (2022-05-04): “300억원을 자체 인수자금으로 마련한 상태로, 400억원 FI(재무적 투자자)로 구성할 예정”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.