This article was displayed on the ChosunBiz MoneyMove (MM) site at 2:57 p.m. on Jun. 2, 2026.
Seoryong Electronics, the parent company of Sungho Electronics, will become the new owner of SeAH FSI, a manufacturer of metal piping for automobiles and home appliances.
According to the investment banking (IB) industry on the 2nd, private equity fund (PEF) manager Affirma Capital recently selected Seoryong Electronics, the parent company of Sungho Electronics, as the preferred bidder for the sale of SeAH FSI. The sale manager is NH Investment & Securities. The assets for sale are SeAH FSI's controlling equity and S&G Holdings, which manages overseas subsidiaries. The sale price is said to be over 200 billion won.
SeAH FSI is a metal piping specialist that mainly produces hydraulic brake lines for cars, cooling pipes for electric vehicle batteries, and cooling pipes for home appliances such as refrigerators and air conditioners. With production subsidiaries in major global hubs including India, China, Indonesia, Mexico and Europe, it has been regarded as an asset with the capability to serve automaker and appliance clients.
Affirma Capital acquired SeAH FS, S&G Holdings and SeAH ESAB from SeAH Group in 2021. At the time, the transaction amount for SeAH FS and S&G Holdings was around 70 billion won, and the total deal size including SeAH ESAB was reported at the 120 billion–130 billion won range.
Seoryong Electronics is an unlisted company wholly owned by Vice Chairman Park Seong-ho of Sungho Electronics and is the largest shareholder of Sungho Electronics. Seoryong Electronics' acquisition of SeAH FSI is seen as a move to expand its existing electronics components-centered business into manufacturing parts for automobiles and home appliances. Sungho Electronics has grown with a focus on film capacitors and switched-mode power supplies (SMPS) and has been active in the M&A market recently. To meet rising demand for AI data centers, it acquired optical communication equipment company ADS Tech for about 280 billion won and also took part in the acquisition of semiconductor process chiller manufacturer DES.