M&A Deal Summary

SJL Partners, KCC and Wonik QnC Acquire Momentive

On September 13, 2018, private equity firm SJL Partners, KCC and Wonik QnC acquired chemicals company Momentive for 3.1B USD

Acquisition Highlights
  • This is SJL Partners’ 1st, KCC’s 1st and Wonik QnC’s 1st transaction in the Chemicals sector.
  • This is SJL Partners’ , KCC’s and Wonik QnC’s largest (disclosed) transaction.
  • This is SJL Partners’ 1st, KCC’s 1st and Wonik QnC’s 1st transaction in the United States.
  • This is SJL Partners’ 1st, KCC’s 1st and Wonik QnC’s 1st transaction in New York.
Investment Fate
  • Momentive was sold to a publicly-traded strategic buyer in 2024.

M&A Deal Summary
Date 2018-09-13
Target Momentive
Sector Chemicals
Buyer(s) SJL Partners
KCC
Wonik QnC
Deal Type Going Private
Deal Value 3.1B USD
Advisor(s) Goldman Sachs (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Momentive

Schenectady, New York, United States
Momentive is a global advanced materials company with a cutting-edge focus on silicone and specialty products. The company delivers technologies, solutions, and processes designed to propel customers' products forward products that have a profound impact on everyday life from dawn to dusk, and from living rooms to outer space. Momentive is based in Schenectady, New York.

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Buyer(S) 3

Buyer

SJL Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

SJL Partners is a private equity firm that looks for long-term investment opportunities in South Korea. The Firm looks to partner with management and generally targets businesses exhibiting sustainable growth opportunities. SJL Partners was formed in 2017 and is headquartered in Seoul.

DEAL STATS #
Overall 1 of 4
Sector (Chemicals) 1 of 1
Type (Going Private) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Momentive Technologies

Strongsville, Ohio, United States

Momentive Technologies is an advanced material company engaged in the design and manufacture of ultra-high-performance Quartz and Ceramic products. The materials technologies enable high-quality processing and production in a wide range of applications in the semiconductor, photovoltaic, lighting, aerospace, water purification, pharmaceutical, consumer electronic, and telecommunication industries. Momentive Technologies was founded in 2020 and is based in Strongsville, Ohio.

Buy -
Buyer

KCC

Seoul, South Korea
Category Company
Founded 1958
Sector Chemicals
Employees3,394
Revenue 6.29T KRW (2023)
DESCRIPTION

KCC is a chemicals manufacturer in Korea, specializing in paints, building materials and specialty materials. It also engages in the silicones business for developing products in the fields of specialized paints and precision chemical engineering. KCC was founded in 1958 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 3
Sector (Chemicals) 1 of 2
Type (Going Private) 1 of 1
State (New York) 1 of 2
Country (United States) 1 of 3
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Momentive Technologies

Strongsville, Ohio, United States

Momentive Technologies is an advanced material company engaged in the design and manufacture of ultra-high-performance Quartz and Ceramic products. The materials technologies enable high-quality processing and production in a wide range of applications in the semiconductor, photovoltaic, lighting, aerospace, water purification, pharmaceutical, consumer electronic, and telecommunication industries. Momentive Technologies was founded in 2020 and is based in Strongsville, Ohio.

Buy -
Buyer

Wonik QnC

Gumi, South Korea
Category Company
Founded 1983
Sector Semiconductors
Employees1,122
Revenue 805.9B KRW (2023)
DESCRIPTION

Wonik QnC is a manufacturer and marketer of quartz and ceramic wares used in the production of semiconductor wafers. The company’s Quartz division provides quartz wares used in the production of semiconductor IC’s, as well as products used in the production of semiconductors, LCDs, LEDs, and solar cells. Wonik QnC was founded in 1983 and is based in Gumi, South Korea.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Going Private) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Momentive Technologies

Strongsville, Ohio, United States

Momentive Technologies is an advanced material company engaged in the design and manufacture of ultra-high-performance Quartz and Ceramic products. The materials technologies enable high-quality processing and production in a wide range of applications in the semiconductor, photovoltaic, lighting, aerospace, water purification, pharmaceutical, consumer electronic, and telecommunication industries. Momentive Technologies was founded in 2020 and is based in Strongsville, Ohio.

Buy -
Mergr

Product

Company

Legal