최초입력 2025.10.01 14:49:27
Private equity firm Hahn & Company will acquire entire shares of SK D&D, which it has been co-managing with SK discovery Co., and subsequently pursue a voluntary delisting.
After seven years since its initial investment, the move to take the company private is seen as a way to enhance managerial autonomy and accelerate its investment exit. For SK discovery, the sale will allow it to shed a relatively non-core real estate development subsidiary and focus more on its core businesses such as energy and bio.
According to sources from the financial investment industry on Tuesday, Hahn & Co. Development Holdings, a co-major shareholder of SK D&D, has signed a share purchase agreement to acquire the entire 5.82 million shares of SK D&D held by the other co-largest shareholder, SK discovery.
Hahn & Co. Development Holdings is a special purpose company established by Hahn & Co. It has jointly managed SK D&D with SK discovery, maintaining an equal shareholding.
In addition, the SPC plans to launch a tender offer for all of the remaining 6.96 million circulating shares, excluding those held by SK discovery.
NH Investment & Securities Co. will serve as the manager of the tender offer.
The tender offer price is set at 12,750 won ($9.05) per share, representing a 13.94 percent premium over the closing price of 11,190 won on Tuesday.
The total tender offer size amounts to about 88.8 billion won. The acquisition funds have been fully borrowed from NH Investment & Securities. The tender offer period will run from October 1 to 29.
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