Kolon Industries will establish a joint venture with private equity firm Hahn & Company for industrial film manufacturing.On Feb. 27, Kolon Industries announced that it was considering establishing a joint venture (JV) with Hahn & Company for its film business and signed a binding memorandum of unde
Hahn & Company, South Korea’s largest private equity firm, announced today that it has acquired 100% of the SK Group’s semiconductor fine ceramics business for US$270 million (KRW360 billion). Under Hahn & Co.’s ownership, the company will operate under a new name, Solmics.Solmics produces high-puri
According to the Financial Supervisory Service’s electronic disclosure system on Jan. 31, the largest shareholder of Namyang Dairy Products has changed from Hong Won-sik and three others to Hahn & Co., as disclosed the day before. This announcement comes just over a month after the Supreme Court’s f
Hahn & Company has won a share transfer lawsuit against Namyang Dairy Chairman Hong Won-sik and the rest of the Namyang Dairy owner family, putting an end to a legal battle which took more than two years.On Jan. 4, the Second Division of Korea’s Supreme Court affirmed the original ruling in favor of
Hahn & Company (Hahn & Co), South Korea's largest private equity firm, and Hillhouse Investment announced that it has completed the sale of SK Eco Prime, Korea's leading biodiesel manufacturer. Hillhouse Capital will acquire 100% of SK Eco Prime.Hahn & Co. acquired the bioenergy division from SK Che
Ed Note: A previous version of this story misattributed the ownership structure of Hillhouse Capital. The article was edited on Nov. 6, 2023. Private equity fund (PEF) manager Hillhouse Capital is actively pursuing the acquisition of SK eco prime, the leading biodiesel company in South Korea.Accordi
Hahn & Company (“Hahn & Co.”), South Korea’s largest private equity firm, announced today that it has signed definitive agreements with SK Group’s affiliate, SKC, to acquire its fine ceramics business for KRW360 billion (US$267 million).SKC’s fine ceramics business produces high-purity quartz and si
Hahn & Company (Hahn&co), a private equity fund (PEF) operator, has attracted about 1 trillion won (US$749 billion) in institutional funds for its first domestic funding.According to recent investment banking industry sources, Hahn & Company’s 4th blind fund, which has been in the collection phase s
Major Korean petrochemical companies have been downsizing or selling off their film businesses, which were once significant business areas. This is because they find themselves in a situation where they cannot sell their products at fair prices, as China has increased production with low-priced prod
On July 17, private equity fund (PEF) manager Hahn & Company announced its plans for a second public purchase aimed at acquiring Lutronic, a KOSDAQ-listed laser medical device specialist, with the intention of a merger and acquisition (M&A) and delisting.Hahn & Co plans to purchase 3,735,471 common
SKC is pushing to sell the Fine Ceramics division of SK enpulse, a subsidiary that produces semiconductor materials and parts.According to industry sources on July 10, SKC recently signed a memorandum of understanding (MOU) with Hahn & Company, a private equity firm, for the sale of the Fine Ceramic
The Fund Management Division of the National Pension Service (NPS) announced on June 30 that it has selected a total of three institutions as private equity fund (PEF) managers for domestic alternative investments in 2023.Following the announcement of the selection plan last March, and after the pro
Although interest rates are rising amid the ongoing recession, more and more experts are predicting that investment in the domestic M&A market will increase this year, led by companies in the black with technological competitiveness.Such companies fared pretty well in last year’s market, where a lot
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Ssangyong C&E is set to enjoy strong economic and social benefits from the replacement of bituminous coal with alternative fuels, thanks mainly to superior use of its old facilities. In addition,
South Korean private equity firm Hahn & Co. announced on May 27 that it has signed definitive agreements to acquire a controlling 53 percent stake in Namyang Dairy Products for about 310 billion won.Hahn & Co. acquired all shares owned by former chairman Hong Won-sik and his family. Namyang Dairy Pr
The authors are analysts of Shinhan Investment Corp. They can be reached at yjjung86@shinhan.com and ik.jung@shinhan.com, respectively. -- Ed. Possible stake sale by the second-largest shareholderIt has been six years since Hahn & Co. Auto Holdings (50.5% stake), a private equity firm, and Hankook T
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Going forward, we expect Ssangyong Cement to expand its eco-friendly businesses, change its name, and add several environment-related business objectives. Also boding well is likely improvement i
The domestic and overseas M&A markets are signaling unprecedented booms with enterprises abundant in cash and COVID-19 vaccines gradually reducing uncertainties.At the end of the third quarter of 2020, KOSPI-listed companies’ cash and cash equivalents hit an all-time high of 533.6792 trillion won. T
Korean Air announced on Aug. 25 that it has signed a business transfer agreement with private equity fund Hahn & Co. to sell its in-flight meal and duty-free businesses. The agreement is expected to result in a liquidity of approximately 800 billion won on the airline’s part.The total value of the a
Cigna Group of the United States, which owns 100 percent of Lina Korea, is planning to sell the life insurance company. The lead manager of the deal is Goldman Sachs.Lina Korea started its business in 1987. Last year, the life insurance company recorded an operating profit of 494.6 billion won, a ne