[Special Stock] BigTents Changing Ownership, 52-Week High 'Excitement'

F&F Changes Majority Shareholder to DB Private Equity (PE)
Holds Many Hits Like 'What Happened in Bali' and 'War of Money'
Founder Successfully Exits, Private Equity's 'Value-Up' Expected

Big Tent, which is expected to undergo a change in its largest shareholder, recorded a 52-week high.

As of 9:47 AM on the 2nd, Big Tent is trading at 22,500 KRW, up 11.11% (2,250 KRW) from the previous day. On the 27th of last month, Big Tent hit an intraday high of 21,800 KRW, marking a 52-week high for the first time in about six months since March, and has been breaking its 52-week high for three consecutive trading days.

After the market closed on the 27th of last month, Big Tent announced that its largest shareholder would change from the existing F&F to DB Private Equity (PE). F&F sold 1,346,969 shares of Big Tent stock (42.83% stake) at 21,000 KRW per share. Big Tent CEO Jo Yoon-jung also sold 504,505 shares (16.04%) at the same price as F&F. Among these, DB PE is expected to become the largest shareholder by purchasing 851,674 shares (27.08%). The remaining shares were purchased by Timo Investment Association No.1, KS Investment Association, SJ Investment Association, and JI Investment Association, each acquiring 249,950 shares (7.95%). The date of the largest shareholder change is November 11.

Big Tent is a content production company celebrating its 21st anniversary this year. It made a spectacular debut in the industry in 2004 with "What Happened in Bali" and produced numerous hits such as "War of Money" and "The President." However, after the THAAD incident, it faced a management crisis starting in 2017 and was embroiled in controversies over unpaid actor fees, resulting in only one drama being aired over two years. In 2022, F&F acquired Big Tent, and with a strong sponsor, Big Tent achieved the milestone of transferring its listing from KONEX to KOSDAQ after 10 years. Recently, it also produced "Perfect Family," which involved a production cost exceeding 10 billion KRW. With this transaction, expectations are high regarding how the private equity fund's (PEF) "value-up" will unfold alongside the exit (investment recovery) of founder CEO Jo Yoon-jung.