M&A Deal Summary

IMM Private Equity Acquires Linde AG - South Korea Assets

On March 8, 2019, private equity firm IMM Private Equity acquired oil/gas exploration company Linde AG - South Korea Assets from Linde for 1.2B USD

Acquisition Highlights
  • This is IMM Private Equity’s 1st transaction in the Oil/Gas Exploration sector.
  • This is IMM Private Equity’s largest (disclosed) transaction.
  • This is IMM Private Equity’s 2nd transaction in South Korea.

M&A Deal Summary
Date 2019-03-08
Target Linde AG - South Korea Assets
Sector Oil/Gas Exploration
Buyer(s) IMM Private Equity
Sellers(s) Linde
Deal Type Divestiture
Deal Value 1.2B USD

Target

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.

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Buyer(S) 1

Buyer

IMM Private Equity

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 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (South Korea) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-19 W Concept Korea

Seoul, South Korea

W Concept Korea Co. Ltd. operates an online store selling local designer brands. It reported a net income of 1.76 billion won in 2016, up 85 percent compared to 2015.

Buy -

Seller(S) 1

SELLER

Linde

Woking, United Kingdom
Category Company
Founded 1879
Sector Chemicals
Employees66,195
Revenue 32.9B USD (2023)
DESCRIPTION

Linde is an international industrial gas and engineering company that offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants. Linde was founded in 1879 and is based in Woking, United Kingdom.

DEAL STATS #
Overall 7 of 7
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 6 of 6
Country (South Korea) 1 of 1
Year (2019) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Messer Industries

Bad Soden am Taunus, Germany

Messer Industries is a manufacturer and supplier of oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, inert welding gases, special gases, gases for medicinal use and a wide variety of gas mixtures. Messer Industries is based in Bad Soden am Taunus, Germany.

Sell -
Mergr

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