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    A034020   KR7034020008

DOOSAN ENERBILITY CO., LTD.

(A034020)
  Report
End-of-day quote Korea Stock Exchange  -  2022-08-10
20300.00 KRW   +0.50%
08/01Doosan Enerbility Swings to Loss in April-June Period
MT
06/29Doosan Enerbility Co., Ltd. acquired an unknown stake in Doosan Property Co., Ltd from Doosan Bobcat Korea Co., Ltd. for KRW 36.18 billion.
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06/28Doosan Enerbility, Siemens Affiliate Enter Deal for Offshore Wind Power
MT
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BDA Advises Doosan on Sale of Mecatec to Bumhan and Metistone

06/07/2022 | 09:31am EDT

New York, NY June 07, 2022 --(PR.com)-- BDA Partners is pleased to announce that its client, Doosan Enerbility (“Doosan”), has agreed to sell Doosan Mecatec to a consortium of Bumhan Industries, a leading Korean air compressor manufacturer, and Metistone Equity Partners, a Korean value-improvement private equity firm.

BDA was the exclusive financial advisor to Doosan on the transaction.

The purpose of the sale is to speed up Doosan’s transformation into an environmentally friendly energy company, and to enhance the soundness of its financial structure. The transaction is expected to close in July.

Mecatec is a globally leading manufacturer of chemical process equipment (“CPE”) for the chemical and energy sectors. Following the completion of the transaction, Bumhan plans to integrate Mecatec’s technologies (CPE and hydrogen liquefaction) with its existing business (air compressors and hydrogen fuel cells) to achieve synergies for sustainable growth.

Howard Lee, Partner and Head of BDA Seoul, said: “We’re pleased to help Doosan take another step toward its higher tech, ESG-oriented future, by finding a good home for Mecatec, an excellent business, which will enjoy strong strategic logic within Bumhan, as well as capital benefits from Metistone. BDA has a good record in the Korean industrial arena, and in helping blue chip Korean chaebols reposition themselves globally.”

BDA deal team
Howard Lee, Partner, Head of Seoul
Victor Chang, Managing Director, Seoul
Sangbin Kim, Vice President, Seoul
Yuhak Kim, Associate, Seoul

About Doosan Mecatec
Established in 1964, Doosan Mecatec has supplied the total range of CPE (Chemical Process Equipment) including static equipment for oil, gas, and petrochemical plants, such as pressure vessels, reactors and heat exchangers. The CPE manufactured by Mecatec is rated as global No.1 in ultra-large/large-scale pressure vessels. Mecatec is strengthening its market position in the renewable energy market with its cutting-edge carbon capturing technology. www.doosanmecatec.com/en

About Doosan Enerbility
Doosan Enerbility [KRX:034020], formerly known as Doosan Heavy Industries & Construction, is a unit of conglomerate Doosan Corporation [KRX:000150]. Doosan Enerbility has supplied integrated solutions for power generation, energy, and desalination plants in 40 countries around the world. With its proven expertise in the energy industry, Doosan strives to create a better future by bringing more sustainable energy solutions to the world. It has an order backlog of US$11bn. www.doosanenerbility.com/en

About Bumhan Industries
Established in 1990, Bumhan Industries mainly produces onshore/offshore high-pressure air compressors and retains the No. 1 market share in the Korean air compressor market. Bumhan is also engaged in the production and sale of fuel cells for military and civilian use through Bumhan Fuel Cell, and possesses proprietary technology for submarine fuel cell module production. Bumhan is proactively transforming to become a company that specializes in renewable energy, driving the hydrogen fuel cell business, its future growth engine. bumhan.com/en

About Metistone Equity Partners
Established in 2014, Metistone Equity Partners is known for actively engaging in corporate value improvement activities, including financial structure and financial status, through the acquisitions of TNP (the leading producer of mold tools), IntroMedi (medical equipment company), Settlebank (payment company) and CoAsia (supplier of system semiconductor solutions). Metistone’s LPs include KDB, Woori Financial Group, and NH Nonghyup Group. www.metistone.com

About BDA Partners
BDA Partners is the global investment banking advisor for Asia. We are a premium provider of Asia-related advice to sophisticated clients globally, with over 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services and Technology sectors. We work relentlessly to earn our clients’ trust by delivering insightful advice and outstanding outcomes. BDA Partners has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with US$150bn of assets. www.bdapartners.com

Contact Information:
BDA Partners
Euan Rellie
212-265-5300
Contact via Email
www.bdapartners.com

Read the full story here: https://www.pr.com/press-release/862994

Press Release Distributed by PR.com

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Financials
Sales 2021 11 284 B - -
Net income 2021 495 B - -
Net Debt 2021 4 969 B - -
P/E ratio 2021 19,1x
Yield 2021 -
Capitalization 12 892 B 9 931 M -
EV / Sales 2020 0,82x
EV / Sales 2021 1,38x
Nbr of Employees 4 457
Free-Float 61,8%
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Managers and Directors
Ji-Won Park Co-Chief Executive Officer & Director
Myung-Woo Kim Co-Chief Executive Officer & Director
Hyoung-Hee Choi Co-CEO, Director & Head-Finance Management
Dong-Min Cha Independent Director
Dong-Soo Kim Independent Director
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