This article was published on May 23, 2025, at 2:10 p.m. on the ChosunBiz MoneyMove site.
The semiconductor equipment manufacturer Hosan Tech will be acquired by the Sinar Mas Group in Indonesia. The corporate value is around 200 billion won, and a stock purchase agreement (SPA) is expected to be concluded soon. This deal is also a cross-border deal that KB Securities advised on, following the sale of Monalisa to the Asia Pulp and Paper Group (APP) in Indonesia last year.
According to the investment banking (IB) industry on the 23rd, Sinar Mas Group has been selected as the preferred negotiator for acquiring Hosan Tech's management rights and is currently finalizing specific terms.
Sinar Mas Group is one of Indonesia's largest corporations. It was established in 1938 and has several subsidiaries, including Asia Pulp & Paper and palm oil producer PT SMART. Last year, it also established a joint venture, LG Sinar Mas, with LG CNS in Indonesia.
Hosan Tech was acquired for 37 billion won at the end of 2020 by a consortium formed by Paratus Investment and Golden Route Investment. The company manufactures components and equipment related to semiconductors, displays, and solar power. Currently, the consortium holds 70% equity, while the remaining 30% is owned by founders CEO Kim Cheol-won and CEO Lee Hyun-jong.
The consortium initiated the sale process through the advisory firm Deloitte Anjin in February. Domestic private equity fund (PEF) operators are reportedly stepping in to make the acquisition.
KB Securities is advising Sinar Mas Group on the acquisition of Hosan Tech. In addition to providing acquisition advisory, KB Securities will also handle acquisition financing. KB Securities also had a record of providing acquisition advisory when the Indonesian paper company APP purchased Monalisa's parent company, MSS Holdings, for 400 billion won last year. With the SPA nearing completion for this deal, it has successfully facilitated cross-border M&A deals worth billions of won for two consecutive years.