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  5. Glenwood Private Equity Acquires PI Advanced Materials

M&A Deal Summary

Glenwood Private Equity Acquires PI Advanced Materials

On January 1, 2020, private equity firm Glenwood Private Equity acquired chemicals company PI Advanced Materials from Kolon Industries

Acquisition Highlights
  • This is Glenwood Private Equity’s 1st transaction in the Chemicals sector.
  • This is Glenwood Private Equity’s 1st transaction in South Korea.
Investment Fate
  • PI Advanced Materials was sold to a publicly-traded strategic buyer in 2023.

M&A Deal Summary
Date 2020-01-01
Target PI Advanced Materials
Sector Chemicals
Buyer(s) Glenwood Private Equity
Sellers(s) Kolon Industries
Deal Type Divestiture

Target

PI Advanced Materials

Seoul, South Korea
PI Advanced Materials (PIAM) is a producer of polyimide film for advanced industries such as display, semiconductors, and electric vehicles. PI Advanced Materials is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Glenwood Private Equity

Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 3
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 2
Country (South Korea) 1 of 3
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Olive Young

Seoul, South Korea

Olive Young is the first Korean health and beauty retailer with 1,200+ offline stores as well as a fast-growing online platform serving both domestic and global markets. Olive Young was founded in 1999 and is based in Seoul, South Korea.

Buy -

Seller(S) 1

SELLER

Kolon Industries

Seoul, South Korea
Category Company
Founded 1957
Sector Chemicals
Revenue 5.06T KRW (2023)
DESCRIPTION

Kolon Industries is a nylon production company. Kolon four major business divisions, namely, industrial materials, chemical, films/electronic materials, and fashion. Kolon Industries was founded in 1957 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
Country (South Korea) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-04 Kolon - Biaxally Oriented Nylon Films Business

Dangjin, South Korea

Kolon's Biaxally Oriented Nylon Films is a biaxally oriented nylon film production.

Sell -
Mergr

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