Hahn & Company

[Alpha Biz= Reporter Kim Jisun] Hahn & Company, a leading private equity firm, has agreed to acquire an 85% stake in SK Specialty, the world's largest specialty gas producer, for KRW 2.7 trillion. This marks a significant and notable deal in the South Korean private equity sector.

On Monday, SK Inc. disclosed that it had signed a Share Purchase Agreement (SPA) with Hahn & Company for the sale of an 85% stake in SK Specialty. SK Inc. will retain the remaining 15% stake.

Hahn & Company was selected as the preferred bidder for the acquisition of SK Specialty in September, after which it has been negotiating the stake size and purchase price.

Initially, Hahn & Company had valued the entire 100% stake in SK Specialty at KRW 4.3 trillion. However, considering the recent downturn in the semiconductor market and failed M&A deals in the same industry, such as Air Products Korea, Hahn & Company reportedly requested a price reduction of 5-10%.

As a result, the acquisition price for the 85% stake has been finalized at KRW 2.7 trillion.
 

 

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