Hahn & Company acquires 100% of SKC Future Materials (SKC film business) for KRW 1.6tn

FI Energy & Materials Industrial and display film materials

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

Deal value: $1.1bn
Stake: 100%
Implied 100%: $1.1bn
Revenue: $781m
Op. income: $48m
Multiples: EQV/EBIT 23.2xPSR 1.4x

Target: SKC Future Materials (SKC film business) · Industrial and display film materials
Buyer: Hahn & Company · FI
Seller: SKC
Structure: —
Announced: Jun 8, 2022
Closed: Dec 2, 2022
Stage: Closed

Target

SKC Future Materials was carved out of SKC's original film business (Korea's first PET film, 1977), film-processing subsidiary SKC Hi-Tech & Marketing and US/China sites; it produces advanced film materials for displays and mobile devices and was described as the world's No.4 by output.

Deal rationale

SKC said the film business kept growing on global competitiveness but 'differs from SKC's strategic direction,' and that the sale would reshape the portfolio around batteries, semiconductors and eco-friendly materials (inews24). Hahn & Co said at closing that completing the deal despite weak investor sentiment was meaningful and that it planned to raise SKC Future Materials' global competitiveness through active investment in green technology and stronger ESG management (Seoul Economic Daily). KRW 400 billion of acquisition financing was raised at low-7% rates; it was reported as Korea's largest PEF buyout closed in 2022.

사업 재편·비핵심 매각

Revenue	$781m
Operating income	$48m
EBITDA	—
Net income	—

2021 · Multiple reports agree (not yet checked against DART)

Press coverage

아이뉴스24 (2022-06-09): “계약금액은 1조6천억원이다.”
서울경제 (2022-12-02): “SKC미래소재 지분 100%를 인수하는 거래를 마무리했다고 밝혔다.”
이데일리 (2022-12-31): “SKC미래소재 지분 100%를 1조6000억원에 인수하는 계약을 체결했다”

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