Kibo Announces First Technology-Driven M&A Contract Concluded Through Platform

Anguk Pharmaceutical and Dimedi Korea Successfully Conclude Contract

The Korea Technology Finance Corporation (Kibo) announced on the 18th that the first technology-driven M&A contract has been concluded through its public-private partnership platform, which was established to promote mergers and acquisitions (M&A) among small and medium-sized venture companies.

Exterior of the Korea Technology Finance Corporation headquarters in Nam-gu, Busan. Photo by Kibo

This M&A began when Anguk Pharmaceutical, a mid-sized company listed on KOSDAQ, expressed its intention to acquire through the M&A platform. Kibo matched Anguk Pharmaceutical with Intercapital Partners, a private institution participating in the platform, and provided specialized advisory services, successfully facilitating a contract with Dimedi Korea, a healthcare-focused, technology-driven small business.

Kibo considers this case significant as it is the first M&A contract concluded solely through intermediary and advisory services provided by the platform, without any separate guarantee support. The fact that the intermediary network, established through public-private cooperation, has led to tangible results is seen as evidence of the effectiveness of the public-private partnership-based M&A platform. Furthermore, this M&A is expected to serve as an opportunity for the acquiring company to strategically internalize the innovative technology of the acquired company, thereby securing new growth engines beyond mere expansion of scale.

Anguk Pharmaceutical plans to continue exploring strategic alliances with technology-driven companies through the Kibo M&A platform in the future, and to expand into new business areas such as health tech and health and beauty (H&B).

Kim Joungho, Chairman of Kibo, stated, "This contract is a successful example of public and private sectors working together to combine the management capabilities of mid-sized companies with the technological strengths of small businesses. Kibo will continue to actively support technology-driven M&As as a policy finance institution, injecting new vitality into the domestic venture exit market."

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