From BigGo Finance · BigGo Finance · · 1m 20s
South Korean Shipbuilding Equipment Maker KC Sold to NVestor-TrueBlue Equity Consortium
South Korean shipbuilding equipment maker KC sold to NVestor-TrueBlue Equity Consortium for ₩300 billion.
In brief
South Korean shipbuilding equipment maker KC sold to NVestor-TrueBlue Equity Consortium for ₩300 billion. South Korean shipbuilding equipment maker KC sold to NVestor-TrueBlue Equity Consortium for ₩300 billion. Originally reported by BigGo Finance.
KC Co. selects NVestor-TrueBlue as preferred bidder
South Korean shipbuilding equipment maker KC Co. selected NVestor and TrueBlue Equity as preferred bidder for controlling stake.
Deal valued at ₩300 billion
Deal valued at approximately ₩300 billion (about $224.4 million) covering 90.91% stake.
Astra Asset Management acquired KC in February 2023
Astra Asset Management acquired KC for ₩170.5 billion (about $127.5 million) in February 2023.
KC specializes in shipbuilding equipment systems
KC specializes in impressed current cathodic protection (ICCP) systems and marine growth prevention systems (MGPS).
KC revenue grew to ₩61.9 billion in 2024
KC revenue increased from ₩43.6 billion in 2023 to ₩61.9 billion last year.
KC operating margin remains 26.5%
KC maintained 26.5% operating margin despite revenue growth and profit dip.
Consortium formed through Mirae N link
Mirae N served as link bringing NVestor and TrueBlue together for KC acquisition.
Sale expected to close after MOU
Deal expected to close after signing memorandum of understanding and due diligence.
In short
South Korean shipbuilding equipment maker KC sold to NVestor-TrueBlue Equity Consortium for ₩300 billion.
