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[Alpha Biz=(Chicago) Reporter Kim Jisun] Osstem Implant announced on the 5th that it is right to attract investment from the United Arab Emirates (UAE) sovereign wealth fund Mubadala.
"Mubadala has invested in private equity fund Dental Investment, the largest shareholder of Ostem Implant," an Ostem Implant official said. "However, we cannot confirm details such as the amount, timing and purpose of the investment."
Mubadala is a state-owned investment company founded in 2002 by Abu Dhabi. It is considered a UAE 3 sovereign wealth fund along with Abu Dhabi Investment Agency (ADIA) and Dubai Investment Agency (ICD). Operating assets totaled $ 284.4 billion (372 trillion won), ranking 13th among the world's sovereign wealth funds.
Mubadala announced its investment in Osstem implants on its official website the previous day.
Osstem implant was established in 1997. In 2000, the company took over the first implant maker in Korea, Sumin General Dental Implant, and started the implant business. Since then, it has continued to grow at a high rate. Currently, it has become the No. 1 company in the Asia-Pacific implant market. It ranks fourth in sales and first in sales in the global market.
Performance over the past decade shows that growth is steep. Osstem Implant's sales jumped from 216.5 billion won in 2013 to 1.535 trillion won in 2022. The average annual growth rate over the past decade has been 17.1%. Operating profit rose 28.7% annually from 18.9 billion won to 234.6 billion won. In the first half of this year, sales were 581.8 billion won and operating profit was 137.4 billion won. Sales and operating profit rose 16.5% and 27.7% year-on-year. The operating profit ratio is 23.6 percent.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
