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-purity quartz and silicon carbide consumable materials for advanced semiconductor manufacturing processes. The business is a market leader with over 30 years of experience and is an integral part of the semiconductor industry both globally and in Korea, supplying to both semiconductor equipment and chip makers.
This transaction further strengthens Hahn & Co.’s track record of investing in Korean businesses that serve globally competitive industries. Hahn & Co. is the largest private equity firm in Korea with over US$28 billion invested to date. This acquisition will represent Hahn & Co.’s thirty-fifth acquisition in the country.
Scott Sang-Won Hahn, CEO of Hahn & Co. said: “We are pleased to acquire Solmics and propel its growing position in the global semiconductor industry.”