TmaxSoft, acquired by Tmax Group after about 2 years

Call option event at Skyrake , ▶ , Market Insight , 12:04 PM on August 23
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, ‘Two years after Teemax Group passed the management rights of Teemax Soft to a private equity fund (PEF), they have regained it.’,
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, ‘According to investment banking (IB) industry on the 23rd, Teemax Group exercised a call option (stock sales request) for 60.9% of Teemax Soft’s shares at Skylake Equities the previous day. The exercise was conducted by Teemax Data. The exercise price for the call option is approximately 820 billion Korean won, guaranteeing an internal rate of return (IRR) of 16% at Skylake.’,
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, ‘Teemax Group secured the funds for exercising the call option with the help of Cactus PE. Together with Stick Investment, Cactus PE invested approximately 1.1 trillion Korean won in Teemax Data. Following the exercise of the call option, Teemax Group plans to utilize the remaining funds of about 300 billion Korean won for loan repayment and company operating costs.’,
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, ‘Teemax Soft is the leading company in the domestic middleware market. It is expected to play the role of ‘Cash Cow’ within the Teemax Group due to its stable cash flow. Teemax Soft recorded separate basis sales of 64.8 billion Korean won in the first half of this year, a 1.6% increase from the previous year (63.8 billion Korean won). Operating profit was 21.8 billion Korean won, and net profit was 18.2 billion Korean won.’,
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, ‘Teemax Group is structured around Teemax Data and Teemax ENC. With the call option exercise, Teemax Data will now incorporate Teemaxtviro and Teemax Soft as its subsidiaries. Teemaxtviro’s main product is a database management system optimized for cloud environments.’,
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, ‘Teemax ENC focuses on developing ‘Super Apps.’ Super Apps are platforms that help anyone develop high-quality competitive apps without requiring specialized coding skills.’,
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