KKR acquires 43.5% of SK Eternix for KRW 347.9bn
- Deal value
- $240m
- Stake
- 43.5%
- Implied 100%
- $552m
- Revenue
- $266m
- Op. income
- $37m
- Multiples
- EQV/EBIT 15.1xPSR 2.1x
Deal value ÷ stake (structure unconfirmed)
2025 연결 · DART-verified
2025 연결 · DART-verified
On implied equity value
DART 20260316001520
- Target
- SK Eternix · Renewable energy development and operation
- Buyer
- KKR · FI
- Seller
- SK Discovery, Hahn & Co
- Structure
- —
- Announced
- Mar 6, 2026
- Closed
- Aug 11, 2026
- Stage
- Closed
Target
SK Eternix is a renewable energy (solar, wind, fuel cell) and energy storage (ESS) developer and operator spun off from SK D&D on 1 March 2024; its assets include a solar plant in Bonghwa, North Gyeongsang.
Deal rationale
SK Discovery said it is selling its entire 30.98% stake (10,455,825 shares) for KRW 247.8 billion given the large capital needs of renewable energy, to optimize its portfolio and seek new growth. Hahn & Co invested a total of KRW 278.6 billion in SK D&D from 2018 (average KRW 36,833 per share), recovered about KRW 150 billion via block trades in 2024–2025, and completed its exit by selling the remaining 12.52% (4,225,455 shares) for KRW 100.1 billion, per Herald Economy. Asia Economy reported KKR is pursuing a package acquisition of SK Group renewable assets and a joint venture with SK.
| Revenue | $266m |
| Operating income | $37m |
| EBITDA | — |
| Net income | — |
2025 연결 · DART-verified · 20260316001520
Press coverage
- 스마트투데이 (2026-03-06): “이는 SK디스커버리가 보유한 지분 전량 (30.98%)에 해당하며 처분 금액은 2478억원이다.”
- 머니투데이 (2026-08-13): “미국계 PEF인 KKR도 지난 3월 SK디스커버리와 한앤컴퍼니로부터 SK이터닉스 지분 43.5%를 3479억원에 인수하는 계약을 맺었다.”
- KED Global (2026-03-06): “a total of 353.8 billion won ($240 million)”
- 더팩트 (2026-04-01): “지난 3월 6일 SK디스커버리가 SK이터닉스 지분 30.98%를 KKR에 넘기기로 하자”
- 아시아경제 (2026-03-06): “보유한 지분 전량(30.98%) … 처분 금액은 2478억원 … 한앤컴퍼니도 전량인 422만5455주를 1001억원에 매각”
- IB토마토(뉴스토마토) (2024-03-21): “2018년 … SK디앤디 … 총 2786억원 투자, 평균 매입단가 3만6833원”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.