Investment Summary

SJL Partners, KCC and Wonik QnC Exits Momentive

On March 28, 2024, KCC invested in chemicals company Momentive from SJL Partners, KCC and Wonik QnC

Investment Highlights
  • This is KCC’s 2nd transaction in the Chemicals sector.
  • This is KCC’s 3rd transaction in the United States.
  • This is KCC’s 2nd transaction in New York.

Investment Summary

Date 2024-03-28
Target Momentive
Sector Chemicals
Investor(s) KCC
Sellers(s) SJL Partners
KCC
Wonik QnC
Deal Type Add-on Acquisition

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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Investor(S) 1

Investor

KCC

Seoul, South Korea

Category Company
Founded 1958
Sector Chemicals
Employees3,378
Revenue 6.66T KRW (2024)
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 3 of 3
Sector: Chemicals M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 KCC s Silicones Business

Seoul, South Korea

KCC Corporation's Silicones Business is a provider in silicones business for developing products in the fields of specialized paints and precision chemical engineering.

Sell -

Seller(S) 3

SELLER
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 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Meridian Bioscience

Cincinnati, Ohio, United States

Meridian is a life science company that develops, manufactures, markets and distributes a broad range of innovative diagnostic test kits, purified reagents and related products and offers biopharmaceutical enabling technologies. Meridian was founded in 1976 and is based in Cincinnati, Ohio.

Buy $1.5B
SELLER

KCC

Seoul, South Korea

Category Company
Founded 1958
Sector Chemicals
Employees3,378
Revenue 6.66T KRW (2024)
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 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 KCC s Silicones Business

Seoul, South Korea

KCC Corporation's Silicones Business is a provider in silicones business for developing products in the fields of specialized paints and precision chemical engineering.

Sell -
SELLER

Wonik QnC

Gumi, South Korea

Category Company
Founded 1983
Sector Semiconductors
Employees1,122
Revenue 891.5B KRW (2024)
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 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS 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 -