The Korea Technology Finance Corporation (KOTEC)'s "public-private partnership M&A platform" led M&A deals for technology small and midsize enterprises to expand their businesses.
Korea Technology Finance Corporation (KOTEC) said on the 21st that, through its M&A platform, a total 24.5 billion won M&A was concluded for APS Inno(079810), a specialist in secondary battery equipment, to enter the cosmetics automation equipment business.
The transaction was pursued in tandem with the merger of "Irae," a cosmetics filling and packaging equipment company, and its affiliate "Gloco." APS Inno proceeded with the deal in a package format, acquiring 100% equity of Irae, the surviving corporation after the merger, together with the business division of Irae Engineering, and signed the related contract earlier this month.
This M&A is meaningful in that it connected the corporate demand discovery function of the public-private partnership M&A platform built by Korea Technology Finance Corporation (KOTEC) with the M&A expertise of private institutions, leading to the conclusion of an actual transaction.
APS Inno registered as a prospective buyer on Korea Technology Finance Corporation (KOTEC)'s M&A platform to secure a new growth engine based on the technological capabilities accumulated in its secondary battery and display equipment businesses. Korea Technology Finance Corporation (KOTEC) linked APS Inno with Intercapital Partners, a private M&A specialist participating on the platform, and supported M&A brokerage and professional advisory services.
Intercapital Partners strategically matched APS Inno, which was pursuing entry into a new business, with Irae, which was seeking to expand into overseas markets. It then supported the M&A by providing advisory services across the transaction, from transaction structure design to corporate due diligence, negotiations on key terms, and contract execution.
Kwon Hyeong-taek, chair of Korea Technology Finance Corporation (KOTEC), said, "This M&A is a case that shows KOTEC's M&A platform is practically contributing to the takeoff of technology-based startups and SMEs and the creation of an innovation ecosystem," adding, "We will expand cooperation with private institutions to actively identify and support technology-innovation M&A and inject vitality into the domestic startup and SME M&A market."