Doosan Group Explores Acquisition of Semiconductor Testing Company 'Tesna'

[Asia Economy Reporter Jang Hyowon] Doosan Group is reportedly considering acquiring Tesna, the nation's top semiconductor back-end testing company.

According to the investment banking (IB) industry on the 21st, Ace Equity Partners, a management participation private equity fund (PEF), is discussing selling its 30.62% stake in Tesna, acquired in 2019, to Doosan Group.

Ace Equity Partners had formed a project fund worth 200 billion KRW in 2019 to acquire management rights of Tesna.

If the discussions succeed, Doosan Group is expected to sign a management rights acquisition contract with Ace Equity Partners for Tesna in early next month. The acquisition amount is reported to be about 460 billion KRW.

Tesna is the leading domestic company specializing in back-end testing of major semiconductor products, with Samsung Electronics and SK Hynix as key partners.

Doosan Group, which received a total of 3.6 trillion KRW in support from creditors due to financial difficulties in 2020, is currently working on improving its financial structure through affiliate sales and a paid-in capital increase of Doosan Heavy Industries & Construction.

If the self-rescue plan is successfully implemented, there is also a prospect that Doosan Group will graduate from creditor management as early as the first half of the year.

If Doosan Group succeeds in acquiring Tesna, it will secure a high-growth affiliate, after having sold 'cash cow' affiliates such as Doosan Infracore and Doosan Solus to implement the self-rescue plan.

This content was produced with the assistance of AI translation services.