SKC’s board of directors approved on Nov. 1 the company’s plan to invest US$33 million in Nexeon, a British silicon anode material company, by forming a consortium with private equity fund operators SJL Partners and BNW Investment.The three companies’ investment will total US$80 million, with the SK
Hanwha Group is seeking to acquire a 50 percent stake in an ethane cracking center (ECC) of global chemical company Sasol of the United States. It is a mega deal worth four trillion won. Hanwha Group has reinforced its financial power with support from local financial firms.Hanwha Solutions particip
Doosan Group and its creditors including Korea Development Bank (KDB) have decided to break Doosan Solus into three divisions and sell them separately. The move followed the absence of Lotte Chemical, a strong potential buyer, in the recent preliminary tender, which dimmed the prospects of the compa
In the Korean capital market, private equity funds (PEFs) are no longer “meoktwi,” or eat-and-run capital, or corporate raiders. They have become a major player in the Korean capital market and are changing the nation's industrial landscape.The domestic PEF market has steadily grown since the Ko
KCC, Korea’s leading construction material producer, will acquire U.S.-based Momentive Performance Materials, one of the world’s largest manufacturers of silicone, quarts and ceramics.According to the investment banking industry on September 13, a KCC-led consortium will acquire a 100% stake in Mome
KCC chairman Chung Mong-jin has officially announced his intent to acquire U.S. silicone maker Momentive Performance Materials Inc.Chung issued a personal statement on Sept. 4 to make it clear that KCC Corp., South Korea's largest maker of building materials, will push to take over Momentive as