M&A Deal Summary

SJL Partners, KCC and Wonik QnC Acquire Momentive Performance Materials

On September 13, 2018, private equity firm SJL Partners, KCC and Wonik QnC acquired chemicals company Momentive Performance Materials for 3.1B USD

Acquisition Highlights
  • This is SJL Partners’ 1st, KCC’s 1st and Wonik QnC’s 1st transaction in the Chemicals sector.
  • This is SJL Partners’ , KCC’s and Wonik QnC’s largest (disclosed) transaction.
  • This is SJL Partners’ 1st, KCC’s 1st and Wonik QnC’s 1st transaction in the United States.
  • This is SJL Partners’ 1st, KCC’s 1st and Wonik QnC’s 1st transaction in New York.

M&A Deal Summary

Date 2018-09-13
Target Momentive Performance Materials
Sector Chemicals
Buyer(s) SJL Partners
KCC
Wonik QnC
Deal Type Going Private
Deal Value 3.1B USD
Advisor(s) Goldman Sachs Investment Banking Division (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison LLP (Legal)

Target

Momentive Performance Materials

Waterford, New York, United States
website
Momentive Performance Materials, Inc. is a developer and manufacturer of specialty silicones and silanes, as well as fused quartz and specialty ceramics products. Momentive has a more than 75-year track record of creating products and solutions to serve more than 4,000 customers in over 100 countries. The Company has a global network of 24 production sites and 12 research and development facilities.

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Buyer(S) 3

Buyer

SJL Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2017
SizeSmall
Type Sector Agnostic
DESCRIPTION

SJL Partners is a private equity firm that looks for long-term investment opportunities in South Korea. The Firm looks to partner with management and generally targets businesses exhibiting sustainable growth opportunities. SJL Partners was formed in 2017 and is headquartered in Seoul.


DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Going Private) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Meridian Bioscience

Cincinnati, Ohio, United States

Meridian is a life science company that develops, manufactures, markets and distributes a broad range of innovative diagnostic test kits, purified reagents and related products and offers biopharmaceutical enabling technologies. Meridian was founded in 1976 and is based in Cincinnati, Ohio.

Buy $1.5B
Buyer

KCC

Seoul, South Korea

website


Category Company
Founded 1958
SectorChemicals
Employees3,237
Revenue 5,874.9B KRW (2021)
DESCRIPTION

KCC is a chemicals manufacturer in Korea, specializing in paints, building materials and specialty materials. It also engages in the silicones business for developing products in the fields of specialized paints and precision chemical engineering. KCC was founded in 1958 and is based in Seoul, South Korea.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Going Private) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 KCC s Silicones Business

Seoul, South Korea

KCC Corporation's Silicones Business is a provider in silicones business for developing products in the fields of specialized paints and precision chemical engineering.

Sell -
Buyer

Wonik QnC

Gumi, South Korea

website


Category Company
Founded 1983
SectorSemiconductors
Employees948
Revenue 263.1B KRW (2019)
DESCRIPTION

Wonik QnC is a manufacturer and marketer of quartz and ceramic wares used in the production of semiconductor wafers. The company’s Quartz division provides quartz wares used in the production of semiconductor IC’s, as well as products used in the production of semiconductors, LCDs, LEDs, and solar cells. Wonik QnC was founded in 1983 and is based in Gumi, South Korea.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Going Private) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1