PwC provided M&A advisory on the sale of bio-energy business unit of SK Chemicals Co., Ltd

PwC Korea Deals Corporate Finance team is pleased to announce the sale of Bioenergy business unit in SK Chemicals Co., Ltd.

SK Chemical Co., Ltd. was established in 2017 after a spin-off from SK Discovery Co., Ltd. SK Chemical Co., Ltd. operates its business through two segments. The Green Chemical sector manufactures polyester, biodiesel and the Life Science sector produces medicines, and vaccines. The Bioenergy business produces, transports, purchases and sells biodiesel, bio-heavy oil along with raw materials for production. It also researches and develops biodiesel, bio-heavy oil, as well as bio-oil for ships and aircraft.

Hahn & Company, the buyer, is established in 2010 and a private equity in Korea. It decided to acquire the business unit to focus on future growth engines of eco-friendly materials.

The PwC Korea Deal 4 team, led by Jin-Won Lee and Gil-Ju Ryu, was engaged as a sell-side M&A advisor for SK Chemicals Co., Ltd. on the sale of its business unit to Hahn & Company and successfully closed the transaction.