M&A Deal Summary

Hahn & Company Acquires Korean air Catering & Duty free

On August 31, 2020, private equity firm Hahn & Company acquired airliner Korean air Catering & Duty free for 990.6B KRW

Acquisition Highlights
  • This is Hahn & Company’s 1st transaction in the Airlines sector.
  • This is Hahn & Company’s 4th largest (disclosed) transaction.
  • This is Hahn & Company’s 9th transaction in South Korea.

M&A Deal Summary

Date 2020-08-31
Target Korean air Catering & Duty free
Sector Airlines
Buyer(s) Hahn & Company
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 990.6B KRW

Target

Korean air Catering & Duty free

Seoul, South Korea
Korean air Catering & Duty free is an in-flight meal production company which has production facilities in Korea and is also engaged in in-flight duty free sales. Korean air Catering & Duty free is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Hahn & Company

Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Hahn & Company is a South Korean private equity firm focused on acquiring majority positions in companies. The Firm does not have any sector preferences and looks to have direct and active involvement in the companies acquired. Hahn & Company was formed in 2010 and is based in Seoul.


DEAL STATS #
Overall 9 of 11
Sector (Airlines) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
Country (South Korea) 9 of 11
Year (2020) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 SK shipping

Seoul, South Korea

SK shipping provides shipping services that includes transporting crude oil, gas carrier, dry bulk, ocean bunkering and ship management services. SK shipping was founded in 1982 and is based in Seoul, South Korea.

Buy $3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 SK - Polyester Film Business

Seoul, South Korea

SK's Polyester (PET) Film Business is a provider of polyester film (PET) business. SK - Polyester (PET) Film Business is based in seoul, South Korea.

Buy $1.3B