Hahn & Co. and Hana Financial Group Buy H-Line Shipping for 1.8 Trillion Won

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.

Hanwha Systems & Hanwha Ocean Acquire Philly Shipyard from Aker ASA

June 20, 2024

Manufacturing

Hanwha Systems and Hanwha Ocean will invest $100 million to acquire Philly Shipyard from Aker ASA, bringing a U.S. Jones Act shipbuilder into the Hanwha group. The acquisition aims to expand Hanwha’s shipbuilding and defense capabilities in the United States by combining Hanwha’s naval systems and marine technology with Philly Shipyard’s U.S. shipbuilding operations and Jones Act-compliant production.

Hahn & Co. (via Korean Air Catering) Acquires MyChef

April 11, 2022

Food & Beverage

Seoul-based private equity firm Hahn & Co. (through its 80%-owned unit Korean Air Catering & Duty Free Services Co.) has agreed to buy more than a 95% stake in South Korean meal-kit maker MyChef for about 75 billion won (~$61 million). The bolt-on deal — based on an enterprise value of roughly 100 billion won — is intended to boost Korean Air Catering’s procurement and product-development capabilities, scale MyChef’s automated production, and diversify MyChef’s customer base including inflight catering clients.

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.

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.

Hapag-Lloyd Acquires Stake in J M Baxi Ports & Logistics from Bain Capital Private Equity Affiliate

January 25, 2023

Logistics & Distribution

German shipping company Hapag-Lloyd has acquired the stake in Indian maritime logistics provider J M Baxi Ports & Logistics from a Bain Capital Private Equity affiliate. The sale, whose financial terms were not disclosed, transfers ownership following Bain's two-year investment that expanded J M Baxi's port capacity and logistics footprint across India. The transaction is subject to regulatory approvals.