Eum Private Equity (Eum PE), a private equity fund (PEF) manager, has signed a memorandum of understanding (MOU) to sell management control of logistics company E2MOS to Taewoong Logistics. E2MOS provides a "reverse direct purchase" service that exports Korean products to overseas e-commerce platforms such as Amazon. Eum PE acquired a controlling stake in E2MOS in 2022.
According to the electronic disclosure system on the 4th, Taewoong Logistics signed an MOU with Eum PE to acquire management control of E2MOS. While MOUs are often non-binding, Eum PE has agreed to grant Taewoong Logistics exclusive negotiation rights for about three months. Taewoong Logistics plans to acquire an 85.6% stake in E2MOS for approximately 77.1 billion won. The sellers are Einstein Holdings, a special purpose company (SPC) established by Eum PE, and Jung Sang-hoon, CEO of E2MOS.
Founded in 2017, E2MOS exports Korean brand products to large e-commerce platforms including Japan's Rakuten, Southeast Asia's Shopee, and the U.S.'s Amazon, based on its proprietary logistics platform "Shipnergy." By automating the entire logistics process — including packaging instructions, customs document generation, and connection with local delivery companies — the company has enabled brand operators to supply products overseas without maintaining a separate logistics team. E2MOS's revenue grew from 64.5 billion won in 2023 to 111.8 billion won last year. Over the same period, operating profit rose from 2.6 billion won to 9.8 billion won.
Taewoong Logistics is a KOSDAQ-listed company that provides integrated logistics services. It offers "multimodal transport," delivering logistics services through various routes including sea, air, rail, and land, as well as "project logistics" services that transport large facilities to large-scale industrial sites such as power plants and ports. "This MOU is an important starting point for building a comprehensive logistics service system," a Taewoong Logistics official said. "By combining E2MOS's reverse direct purchase expertise with Taewoong Logistics's logistics business capabilities, we will establish a competitive global logistics service foundation."
With this MOU, Eum PE is now on the verge of a successful exit. In 2022, Eum PE invested approximately 30 billion won to acquire a 63% stake in E2MOS. It used funds from "Next Stage No. 1," a standalone blind fund raised at 422 billion won in 2022. The fund's recovery process has entered its final stage after completing the exit this year from its pre-IPO equity investment in SK ecoplant. Eum PE is a Korean PEF manager established in 2010.
