Korea Zinc (via Pedalpoint) Acquires Kataman Metals

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.

PedalPoint Holdings (Korea Zinc-backed) Acquires MDSi

August 18, 2025

IT Services

MDSi, an Alpharetta-based IT solutions and network deployment provider, is joining PedalPoint Holdings, a U.S. circular economy platform backed by Korea Zinc. The transaction gives MDSi expanded logistics, capital for growth, integrated resale and ITAD services, and access to Korea Zinc's downstream recycling capabilities while providing Korea Zinc portfolio diversification into network infrastructure and IT services.

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

March 12, 2025

Manufacturing

Sun Metals Holdings (SMH), an Australian subsidiary of Korea Zinc, legally acquired a 10.3% stake (190,226 shares) in Young Poong from Sun Metals Corporation (SMC) as a dividends-in-kind transfer. The cross-shareholding restructures voting rights ahead of Korea Zinc's upcoming AGM and is positioned as a defensive move to limit a potential hostile takeover by MBK Partners and Young Poong.

Lifezone Metals Acquires BHP's 17% Stake in Kabanga Nickel Limited

July 18, 2025

Energy

Lifezone Metals has acquired BHP Billiton (UK) DDS Limited’s 17% equity stake in Kabanga Nickel Limited (KNL), giving Lifezone 100% ownership of KNL and full control of offtake from the Kabanga Nickel Project in northwestern Tanzania. The deal includes deferred and contingent cash payments (capped at $83 million, or $75 million if a RAP Trigger Event occurs) and terminates prior agreements with BHP as Lifezone advances the project toward a Final Investment Decision.

Scrap Management Industries Acquires Allmetal Recycling

December 31, 2025

Industrial Services

Scrap Management Industries (SMI) has acquired Allmetal Recycling, adding Allmetal's network of 10 Kansas locations to SMI's regional footprint and expanding capacity across Missouri, Kansas and Oklahoma. Allmetal's owners, cousins Clint and Kolby Cornejo, will remain in leadership roles as the business continues to operate under the Allmetal name.

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.