BDA Partners is pleased to announce that its client, SK E&C (\u201cSK\u201d), has acquired 100% of EMC Holdings (\u201cEMC\u201d) from Affirma Capital, formerly known as Standard Chartered Private Equity. The value of the transaction is not disclosed.<\/p>\n\n\n\n
EMC is the premier environmental services provider in Korea, with a portfolio of market-leading businesses in water treatment, incineration, landfill and waste oil refining. EMC is the biggest domestic water treatment O&M service provider in Korea, with 23 years\u2019 operating history at approximately 1,000 sites nationwide. EMC operates four incineration facilities and one landfill site. Affirma acquired Kolon Water & Energy, now renamed EMC, in 2016. Since then, EMC has expanded from water treatment into integrated environmental services. EMC has solidified its position as the leading industry consolidator.<\/p>\n\n\n\n
BDA Partners was the exclusive financial advisor to SK E&C on the transaction.<\/p>\n\n\n\n
SK Group expects to create synergies, using EMC to treat waste produced by SK Group\u2019s oil refining and chemical units: SK Innovation, SK Chemicals, and SK Incheon Petrochem.<\/p>\n\n\n\n
SK E&C stated, \u201cWe made every effort to acquire EMC to develop our environmentally-friendly business, to create both economic and social value. We will seek to expand into foreign markets, using our overseas plants.\u201d<\/p>\n\n\n\n
Charlie Maynard, Senior Managing Director and Co-founder of BDA Partners, commented, \u201cWe advised on the sale of Kolon Water & Energy in 2016. We\u2019ve witnessed Affirma Capital successfully developing the business from a pure water treatment services provider through a number of acquisitions into an integrated environmental services platform. We\u2019re delighted to play a role in the latest step of this journey, by advising SK Group on the purchase of EMC. SK Group is well placed to grow the business further in the future.”<\/p>\n\n\n\n
Howard Lee, Managing Director and Head of Seoul at BDA Partners, commented, \u201cBDA has made a meaningful leap forward with SK Group\u2019s acquisition of EMC. In addition, it is personally meaningful as my third transaction with SK Group, after SK Telecom\u2019s acquisition of Hynix for US$2.8bn in 2011, and SK E&S\u2019 sale of its LNG-Coal power plants for US$1bn in 2014.\u201d<\/p>\n","protected":false},"featured_media":10222,"template":"","class_list":["post-10217","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n