M&A Deal Summary

KT Acquires BC Card

On February 10, 2011, KT acquired financial services company BC Card from VIG Partners

Acquisition Highlights
  • This is KT’s 1st transaction in the Financial Services sector.
  • This is KT’s 2nd transaction in South Korea.

M&A Deal Summary

Date 2011-02-10
Target BC Card
Sector Financial Services
Buyer(s) KT
Sellers(s) VIG Partners
Deal Type Add-on Acquisition

Target

BC Card

Seoul, South Korea
BC Card is a payment processing company, providing end‑to‑end services to financial institutions and merchants. Its offerings include credit, debit, and prepaid card issuance. BC Card was founded in 1982 and is headquartered in Seoul, South Korea.

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Buyer(S) 1

Buyer

KT

Seongnam, South Korea

Category Company
Founded 1981
Sector Communications
Employees14,020
Revenue 26.38T KRW (2024)
DESCRIPTION

KT also known as KT formerly Korea Telecom, in Korean ???? ???, is a South Korean integrated wired/wireless telecommunication service provider. KT was founded in 1981 and is based in Seongnam, South Korea.


DEAL STATS #
Overall 2 of 3
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: South Korea M&A 2 of 2
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 Korea Digital Satellite Broadcasting Co.

Seoul, South Korea

Korean digital satellite paid-TV broadcaster with over 2 million subscribers.

Buy ₩246M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Epsilon Telecommunications

Singapore, Singapore

Epsilon Telecommunications is a global connectivity provider that simplifies how businesses connect applications and data around the world and in the cloud. Epsilon Telecommunications was formed in 2002 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

VIG Partners

Seoul, South Korea

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Vogo Investment is a Korean buyout fund focused on control and significant minority equity investments in a broad range of Korean companies. The Firm generally targets transactions requiring equity of $50 to $300 million and works closely with management to streamline operations and locate growth opportunities. Broad areas of interest include consumer products, financial services, electronics, mobile commerce, and insurance. VIG Partners was formerly known as Vogo Investment Group. VIG was formed in 2005 and is based in Seoul.


DEAL STATS #
Overall 2 of 8
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: South Korea M&A 2 of 8
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 BC Card

Seoul, South Korea

BC Card is a payment processing company, providing end‑to‑end services to financial institutions and merchants. Its offerings include credit, debit, and prepaid card issuance. BC Card was founded in 1982 and is headquartered in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 Kohler Novita

Cheonan, South Korea

Kohler Novita Ltd. is a manufacturer and distributor of kitchen and bath products. It also manufactures humidifiers for both domestic and export markets.

Sell -