HLB Global to acquire TI Corporation for KRW 25bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $17m
- Stake
- —
- Implied 100%
- —
- Revenue
- —
- Op. income
- —
- Multiples
- —
- Target
- TI Corporation · Media commerce (D2C)
- Buyer
- HLB Global · SI
- Seller
- —
- Structure
- —
- Announced
- Dec 1, 2022
- Closed
- —
- Stage
- Announced
Target
A direct-to-consumer media-commerce company founded in 2019 that uses media-platform data to identify consumer demand, develops products and sells them through its own online mall.
Deal rationale
Per Dealsite, HLB Global CEO Kim Jong-won planned to use the acquisition to strengthen marketing for subsidiaries Fresco and HLB Life Science & Health and achieve scale economies such as logistics integration, with the deal read as securing a media-commerce sales channel. Per Bizwatch, HLB Global merged TI Corporation in 2023 and reorganised it as its media-commerce division.
Press coverage
- 뉴스1 (2022-12-01): “HLB글로벌, 250억에 미디어커머스 기업 티아이코퍼레이션 인수”
- 딜사이트 (2022-12-26): “250억원 중 140억원은 HLB글로벌이 발행할 신주인수권부사채(BW)로 대체하고 나머지 110억원은 HLB글로벌이 부담”
- 비즈워치 (2024-02-07): “흡수합병해 미디어커머스 사업부로 재편한 바 있다”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.