Metalabs Co., Ltd. completed the acquisition of additional 78.7% stake in Nextmatch Co.,Ltd from a group of sellers.
May 23, 2018
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Metalabs Co., Ltd. (KOSE:A090370) agreed to acquire additional 78.7% stake in Nextmatch Co.,Ltd from a group of sellers for KRW 9.7 billion on April 26, 2018. Shin Sang-hoon will be paid KRW 5.4 billion in lump sum on May 24, 2018, 2014 KIF-AJU IT Investment Fund, IDV IP Value-Creation Fund, POSCO-IDV Growth Ladder IP Fund, Aju Digital Contents Fund, and G.N.TECH Master Secondary Investment Fund will receive KRW 3.37 billion on the contract signing date and additional KRW 2.7 billion on May 4, 2018 and Mirae Asset New Growth Good Company Fund 16-1 and Mirae Asset Good Company Secondary Investment Fund 2 will receive KRW 896.9 million on the contract signing date and balance KRW 717.5 million on May 4, 2018. After the transaction, Metalabs will own 94% stake in Nextmatch Co.,Ltd. Deal will be financed from own funds and capital increase. Nextmatch Co.,Ltd reported total assets of KRW 2.7 billion, sales of KRW 6.7 billion, net profit of KRW 525 million and net assets of KRW 2.16 billion on December 31, 2017. Deal is expected to close by May 24, 2018.
Metalabs Co., Ltd. (KOSE:A090370) completed the acquisition of additional 78.7% stake in Nextmatch Co.,Ltd from a group of sellers on May 24, 2018. The balance payment has been made on May 24, 2018.
Mirae Asset Venture Investment Co., Ltd is a Korea-based venture capital (VC) firm engaged in the investment in small to medium enterprises (SMEs). The Company principally engaged in the investment in SMEs and venture companies, overseas investment, establishment and management of business incubation centers, as well as formation of private equity funds (PEFs). The Company also provides initial public offering (IPO), merger and acquisitions (M&A), business management, consulting and restructuring services.
MIRAE ASSET VENTURE INVESTMENT CO., LTD. 
