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 Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glenwood Private Equity is a private equity firm specializing in buyouts and corporate carve-outs across South Korea. Prospective transactions include leveraged buyouts, mezzanine and subordinated debt investments, and structured credit strategies that address both equity and financing needs. The Firm's sector expertise spans manufacturing, healthcare, and industrial services. Glenwood Private Equity was founded in 2014 and is headquartered in Seoul.


DEAL STATS #
Overall 1 of 3
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: South Korea M&A 1 of 3
Year: 2020 M&A 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
Employees4,022
Revenue 4.84T KRW (2024)
DESCRIPTION

Kolon Industries is a nylon production company. Kolon has 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 M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: South Korea M&A 2 of 2
Year: 2020 M&A 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 -