SSG.COM acquires 100% of W Concept Korea for KRW 265bn
- Deal value
- $183m
- Stake
- 100%
- Implied 100%
- $183m
- Revenue
- $70m
- Op. income
- $2m
- Multiples
- EQV/EBIT 85.5xPSR 2.6x
Deal value ÷ stake (structure unconfirmed)
2021 연결 · DART-verified
2021 연결 · DART-verified
On implied equity value
DART 20220331003679
- Target
- W Concept Korea · Online fashion platform
- Buyer
- SSG.COM · SI
- Seller
- IMM Private Equity / IS E-Commerce
- Structure
- —
- Announced
- Mar 16, 2022
- Closed
- —
- Stage
- Closed
Target
W Concept Korea is an online women's fashion platform selling designer apparel to women aged 25-39, having expanded into beauty, golf, accessories and lifestyle categories.
Deal rationale
SSG.com bought 100% of W Concept for KRW 265bn in May 2021 from IMM PE and others; CEO Kang Hee-seok said growth accelerated through synergy after joining Shinsegae Group. Per Asia Economy, ISE Commerce sold 60% to IMM PE's vehicle in November 2017 for KRW 60bn and its remaining 20% in 2021 for about KRW 60bn; Dealsite reported IMM PE bought 80% in 2017 for about KRW 80bn and realized a gain of about KRW 200bn. In March 2022 IMM Credit Solutions invested KRW 100bn in CPS.
| Revenue | $70m |
| Operating income | $2m |
| EBITDA | — |
| Net income | — |
2021 연결 · DART-verified · 20220331003679
Press coverage
- 머니투데이방송(MTN) (2022-03-16): “지난해 5월 쓱닷컴이 2650억 원에 지분 전량을 인수했던 것과 비교하면”
- 쿠키뉴스 (2022-03-16): “지난해 5월 쓱닷컴이 2650억 원에 지분 전량을 인수했던”
- 아시아경제 (2021-04-02): “2017년 11월 대형사모펀드 운영사인 위자드원(IMM PE)에 60%의 지분을 매각했다.”
- 딜사이트 (2021-07-26): “2017년 W컨셉 지분 80%를 약 800억원에 인수해… 최근 신세계에게 매각하면서 약 2000억원 차익을 남겼다”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.