Hahn & Co to acquire meal kit company MyChef Deal is add-on acquisition for Korean Air’s in-flight catering business
Translated by Ryu Ho-joung 공개 2022-04-12 08:12:59
이 기사는 2022년 04월 12일 07:34 thebell 에 표출된 기사입니다.
Hahn & Company is set to acquire South Korean meal kit brand MyChef in a 65 billion won ($52.7 million) deal.The Seoul-based private equity firm is expected to sign a share purchase agreement with the meal kit company later this week, according to industry sources.
The deal is an add-on acquisition for Korean Air Lines’ in-flight catering business, which Hahn & Co purchased at the end of 2020. Accounting and consulting firm Samil PwC is advising on the deal.
MyChef was founded in 2011 by its chief executive officer, Im Jong-eok. It has since gone through several funding rounds and was preparing for an initial public offering after hiring Mirae Asset Securities as its underwriter. Its last private funding round valued the company at over 50 billion won.
MyChef is one of the leading businesses in the country’s fast-growing meal kit market. It raised 7 billion won in a Series A funding round in 2019. Investors included Halla Holdings, Korea Credit Guarantee Fund, IBK Capital, Woori Bank, Creative Investment, Donghoon Investment and Mirae Asset Securities. AIM Investment was a sole investor in the company’s pre-Series B round at the end of 2020.
MyChef is the first company in the meal kit industry to manufacture products in accordance with HACCP and ISO 22000. Its revenue grew 2.5 times year-over-year to 27.6 billion won in 2020. (Reporting by Hyo-jung Lim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 스튜디오산타클로스ENT, 주주권익 보호 '구슬땀'
- 이에이트, AI 시뮬레이션·디지털 트윈 기술 선보여
- MBK, '몸값 2조' 지오영 인수 SPA 체결 임박
- [2024 더벨 글로벌 투자 로드쇼-베트남]한인이 설립한 RCE, 세계 첫 ‘중장비 온라인 중고거래’
- 회계법인 해솔, 부동산 타당성 자문 업무협약
- [2024 더벨 글로벌 투자 로드쇼-베트남]베트남의 지오영 '바이메드'·전기오토바이 '셀렉스' 눈길
- 지아이에스, 코스닥 상장 위한 예비심사신청서 제출
- [꿈틀대는 토큰증권 시장]'업계 표준' 루센트블록, '두자릿수' 레코드 조준
- [Company & IB]조달 '막바지' 롯데그룹, 롯데케미칼에 쏠리는 눈
- '910억 CB 발행' 아스트, 경영 정상화 속도 낸다