Hahn & Company acquires 85% of SK Specialty for KRW 2.7tn

FI Semiconductors Semiconductor specialty gases
Deal value
$1.9bn
Stake
85%
Implied 100%
$2.2bn

Deal value ÷ stake (structure unconfirmed)

Revenue
$470m

2023 연결 · DART-verified

Op. income
$101m

2023 연결 · DART-verified

Multiples
EQV/EBIT 21.6xPSR 4.7x

On implied equity value

DART 20240401002873

Target
SK Specialty · Semiconductor specialty gases
Buyer
Hahn & Company · FI
Seller
SK Inc.
Structure
—
Announced
Dec 23, 2024
Closed
—
Stage
Closed

Target

Producer of specialty gases for semiconductor and display manufacturing (NF3, WF6 and others), reported to hold the world's No. 1 position in NF3 and WF6, with about 30% of sales to SK hynix and other SK affiliates; spun out of SK Materials (formerly OCI Materials, acquired by SK in 2016).

Deal rationale

SK Inc. said it sold 85% as part of the group's business rebalancing, keeping 15% in view of growth potential and synergies with the group's semiconductor business, and would use proceeds to strengthen its balance sheet and fund AI and energy-solution growth. Hahn & Co said it would continue investing to find additional growth drivers and strengthen global competitiveness; employment stability and continued growth investment were reported as deal conditions.

사업 재편·비핵심 매각구조조정·재무개선
Revenue$470m
Operating income$101m
EBITDA—
Net income—

2023 연결 · DART-verified · 20240401002873

Press coverage

  • 아시아경제 (2024-12-23): “SK㈜는 23일 이사회를 열고 이 같은 내용의 주식매매계약(SPA) 체결을 승인했다고 공시했다.”
  • 아시아경제 (2025-01-14): “지분 85%를 한앤컴퍼니가 약 2조7000억원에 사들였다.”
  • 딜사이트 (2025-04-16): “올해 초 자금 납입을 완료하며 거래를 마무리했다”
  • 서울경제(다음) (2024-09-30): “한앤컴퍼니(한앤코)가 반도체 특수가스 글로벌 1위인 SK스페셜티를 4조3000억 원에 인수한다.”

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