Add-on Acquisition • Building Materials

Asia Cement Acquires Halla Cement

On January 17, 2018, Asia Cement acquired building materials company Halla Cement from EQT Private Capital Asia for 365.0B KRW

Acquisition Context
  • This is Asia Cement’s 1st transaction in the Building Materials sector.
  • This is Asia Cement’s 0th largest (disclosed) transaction.
  • This is Asia Cement’s 1st transaction in South Korea.

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M&A Deal Summary

Date January 17, 2018
Target Halla Cement
Sector Building Materials
Buyer(s) Asia Cement
Sellers(s) EQT Private Capital Asia
Deal Type Add-on Acquisition
Deal Value 365.0B KRW

Target Company

Halla Cement

Gangneung, South Korea
Halla Cement is a cement producing company operating an integrated cement plant and distributor of OPC, clinker, slag cement and slag powder that it sources from its extensive mineral reserves. Halla Cement was based in 1978 and is based in Gangneung, South Korea.
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Buyer Overview 1

Buyer

Asia Cement

Taipei, Taiwan

Category Company
Founded 1957
Sector Building Materials
DESCRIPTION

Asia Cement manufactures cement. Asia Cement uses the most modern rotary kilns and introduces waste-heat recycling generators to transform waste heat and hot air into electricity. In addition, for lower cement transportation costs, Asia Cement established storage and transportation facilities in the Keelung, Taichung, Kaohsiung, and Hualien harbor. Asia Cement was founded in 1957 and is based in Taipei, Taiwan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 1
Country: South Korea 1 of 1
Year: 2018 1 of 1

Seller Profile 1

SELLER

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


Deal Context for Seller #
Overall 14 of 32
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 7 of 11
Country: South Korea 1 of 2
Year: 2018 1 of 3
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Prometric

Baltimore, Maryland, United States

Prometric provides technology-enabled assessment services, providing paper-and-pencil, Internet and computer-based testing solutions. It offers a fully integrated testing system that includes test development, test delivery and data management capabilities. Prometric was founded in 1990 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 PSB Academy

Singapore, Singapore

PSB Academy is an independent tertiary education institution. PSB delivers full-fledged tertiary degrees under the brands of renowned university partners in Australia and UK. It operates two state-of-the-art campuses in Singapore as well as schools in Vietnam, Myanmar, and Indonesia. PSB Academy was founded in 1964 and is based in Singapore.

Sell -