M&A Deal Summary

IMM Private Equity Acquires Ecorbit

On December 16, 2024, private equity firm IMM Private Equity acquired environmental company Ecorbit from KKR for 2.07T KRW

Acquisition Highlights
  • This is IMM Private Equity’s 1st transaction in the Environmental sector.
  • This is IMM Private Equity’s largest (disclosed) transaction.
  • This is IMM Private Equity’s 3rd transaction in South Korea.

M&A Deal Summary

Date 2024-12-16
Target Ecorbit
Sector Environmental
Buyer(s) IMM Private Equity
Sellers(s) KKR
Deal Type Secondary Buyout
Deal Value 2.07T KRW

Target

Ecorbit

Seoul, South Korea
Ecorbit is a comprehensive environmental company that operates four business units: landfill, waste-to-energy, water treatment, and recycling. Ecorbit is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

IMM Private Equity

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

IMM Private Equity is a private equity firm focused on buyouts and minority growth capital investments in South Korea. The Firm looks to take an active role with its portfolio companies and targets mid-sized to large businesses in a variety of sectors. IMM Private Equity was established in 2006 and is headquartered in Seoul.


DEAL STATS #
Overall 3 of 3
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (South Korea) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-08 Linde AG - South Korea Assets

South Korea

Linde AG - South Korea Assets comprises production facilities in Seosan, South Chungcheong Province; Giheung, Gyeonggi Province; and Pohang, South Gyeongsang Province.

Buy $1.2B

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 207 of 208
Sector (Environmental) 6 of 6
Type (Secondary Buyout) 36 of 36
Country (South Korea) 4 of 4
Year (2024) 10 of 11
Size (of disclosed) 21 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 Channel Control Merchants

Hattiesburg, Mississippi, United States

Channel Control Merchants is a deep value retailer and wholesaler of opportunistic secondary market inventories, with particular expertise in the purchase and resale of store-level inventories. Channel Control Merchants is based in Hattiesburg, Mississippi.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-19 Rebel Foods

Mumbai, India

Rebel Foods is an internet restaurant company and home to brands including Faasos, Behrouz Biryani, Oven Story Pizza, The Good Bowl, Sweet Truth, and Wendy’s. With over 450 kitchens across 70 cities, the company has developed its full-stack technology - Rebel OS - through which multiple Rebel brands are launched and scaled up in a very short period. Through the Rebel Launcher, powered by Rebel OS, Rebel has launched over 25+ brands and expanded across the country. It currently operates 45+ brands across multiple countries - India, the United Arab Emirates (Dubai, Abu Dhabi, Sharjah) and the United Kingdom. Rebel Foods is based in Mumbai.

Buy -