Sun Metals Holdings (Korea Zinc subsidiary) Acquires 10.3% Stake in Young Poong

MBK Partners Pursues Hostile Takeover of Korea Zinc

December 16, 2024

Manufacturing

MBK Partners, through its SPC Korea Corporate Investment Holdings Co., has been conducting on-market purchases of Korea Zinc shares as part of a hostile takeover effort, raising its stake to 39.83% after acquiring an additional 282,366 shares. The firm spent about KRW 292.1 billion on those purchases and borrowed KRW 1.57 trillion from NH Investment & Securities, prompting investor concern over alleged "overpayment" and heightened exit risk for MBK's fund LPs.

Korea Zinc (via Pedalpoint) Acquires Kataman Metals

April 9, 2024

Industrial Services

Korea Zinc, through its U.S. subsidiary Pedalpoint Holdings, has acquired Kataman Metals, a St. Louis-based global scrap metal trader, for USD 55 million. The deal secures long-term scrap metal feedstock to support Korea Zinc's planned copper production expansion and advances its recycling/resource-circulation strategy; Brown Gibbons Lang served as advisor to Korea Zinc in the transaction.

Hahn & Co Acquires SK Shipping from SK Group

April 27, 2021

Transportation

Hahn & Co acquired SK Shipping (the shipping arm of SK Group) in October 2018 in a deal worth about 1.5 trillion won that included purchase of debt and a capital injection, leaving Hahn & Co as the largest shareholder with a 71.43% stake while SK Holdings retained a minority stake. The private equity owner recapitalized and restructured the company, cut its debt burden, refocused on long-term contracts and environmental compliance, and helped SK Shipping return to profitability.

Hahn & Co. Acquires SKC's Industrial (PET) Film Business

December 2, 2022

Manufacturing

South Korean private equity firm Hahn & Co. has completed the acquisition of SKC Ltd.'s industrial polyester (PET) film business for 1.6 trillion won (about $1.2 billion). The divestiture reflects SK Group's shift toward eco-friendly businesses while Hahn & Co. aims to expand the unit's presence in electronics, semiconductors and automotive end markets and raise its global market share.

Hahn & Co. Acquires SKC's Fine Ceramics Business (Solmics)

February 2, 2024

Manufacturing

Hahn & Co. has acquired 100% of SKC's fine ceramics business for 360 billion won (about $270 million). The acquired business, renamed Solmics, produces high‑purity quartz and silicon‑carbide consumables for advanced semiconductor manufacturing and will operate under Hahn & Co.'s ownership to expand its position in the global semiconductor materials market.

Hillhouse Capital Acquires SK Eco Prime from Hahn & Company

January 2, 2024

Renewable Energy

Hillhouse Capital has completed the acquisition of SK Eco Prime, a leading South Korean biodiesel manufacturer, from Hahn & Company. The deal was reported to be valued at roughly 400–500 billion won; SK Eco Prime reported 829.3 billion won in revenue and 84.2 billion won in operating profit in 2022 under Hahn & Co.'s ownership.