MBK Partners Pursues Hostile Takeover of Korea Zinc

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.

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.

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.

Cerberus Capital Management Acquires EverZinc

December 22, 2025

Manufacturing

Affiliates of Cerberus Capital Management have completed the acquisition of EverZinc Corporation, a global producer of specialty zinc materials. Cerberus has provided a significant capital commitment to support EverZinc's innovation, infrastructure investment, and global growth initiatives.

MBK Partners (via Indigo Glamour) Takes CAR Inc. Private

July 5, 2021

Transportation

MBK Partners, through its subsidiary Indigo Glamour Co Ltd, completed a compulsory acquisition of all remaining shares of CAR Inc., taking the company private in a transaction valued at approximately US$1.1 billion. MBK will hold 100% of CAR Inc. and intends to leverage its capital and industry experience to consolidate the car rental market in China and support CAR Inc.'s growth and transformation.

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.