Megastudy Education Acquires 'Gongdangi' ST Unitas for 180 Billion Won

[Asia Economy Reporter Lee Seon-ae] Megastudy Education announced on the 21st that it will acquire 100% of the shares of the education company ST Unitas.

Megastudy Education explained the purpose of the acquisition as "to enhance market competitiveness in the civil service sector and expand synergy to increase corporate value." The acquisition amount is 180 billion KRW.

Founded in 2010, ST Unitas has stood out in the fields of civil service exams and English education under the brands 'Gongdangi' and 'Youngdangi.' It once pursued an initial public offering (IPO), but in 2020, the global private equity fund Bain Capital became the largest shareholder.

Meanwhile, on the same day, Megastudy Education surged 6.84% from the previous trading day to close at 75,000 KRW.

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