Korea Development Bank announced on the 7th that it has completed advisory and financial support for NAU IB Capital's acquisition of 100% equity in Sun Fluoro System, Inc. (SFSJ), a listed company on the KOSDAQ, in a cross-border merger and acquisition.
This transaction was initiated with a stock purchase agreement signed in January, and last month it received investment approval from the Japanese Ministry of Economy, Trade and Industry. The transaction scale amounts to 255 billion won, and the payment for the transaction has been completed with financial support from Korea Development Bank on this day.
Korea Development Bank not only provided M&A advisory and financial brokerage services but also supported the acquisition of 30 billion won in convertible bonds.
The target company, SFSJ, is a small and medium-sized enterprise in Japan that manufactures specialized chemical product storage 'fluoropolymer lining containers' necessary for semiconductor manufacturing processes. It generates 85% of its revenue from the semiconductor sector and has operations in South Korea, Taiwan, China, and the United States.
Korea Development Bank noted, "We will expand our support for cross-border mergers and acquisitions of domestic corporations engaged in not only the semiconductor industry but also artificial intelligence (AI), biohealth, secondary batteries, and display industries, solidifying our role as a key policy financial institution."