Crescendo Equity Partners to Sell 10% Stake in HPSP for 300 Billion Won
Crescendo Equity Partners is selling a 10% stake in HPSP through an after-hours block trade valued at approximately 300 billion won, targeting 8.36 million shares. The sale, managed by UBS, is priced between 35,050 won and 36,800 won, reflecting a discount of 6% to 10.5% from the closing price. Crescendo had previously aimed to sell its management rights in HPSP but delayed the sale due to unmet price expectations.
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Crescendo Equity Partners is disposing of a 10% stake in HPSP through an after-hours block trade valued at approximately 300 billion won. The block deal, managed by UBS, targets 8.36 million shares from Crescendo's total 32.8 million shares (39.28% stake).
The sale price is set between 35,050 won and 36,800 won, reflecting a discount of 6% to 10.5% compared to the closing price of 39,150 won. Crescendo had previously sought to sell its management rights in HPSP since late 2024 but postponed the sale due to unmet price expectations. HPSP specializes in high-pressure hydrogen annealing equipment for semiconductor processing, serving clients such as Samsung Electronics and SK hynix.
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