PwC provided M&A advisory on the sale of SKC's PET film business

PwC Korea team is pleased to announce the carve out and sale of SKC's PET film business, to Hahn & Company ("Hahn&Co."). PwC provided financial advisory services for the transaction.

Founded in 1978, SKC has held a prominent position in the industrial materials sector. Over the span of 40 years, SKC has been a pioneer in developing film, chemicals, and industrial materials. Whilst SKC continues to develop into a global high-tech materials producer through its business model innovation in 2020, this divestiture aligns with SKC's broader group strategy of concentrating on rechargeable batteries, semiconductors, and environmentally sustainable ESG material products.

Established in 2010, Hahn&Co. is one of the leading Korean private equity investment firms. The investment in SKC's PET film business enables Hahn&Co. to strengthen its presence and competitiveness within the high-tech IT devices and automotive film industry, facilitating an expansion of its global market share.

Due to the transaction's carve-out nature, the process presented several intricacies that demanded a thorough assessment and meticulous management until completion of the deal. The PwC Korea deal team collaborated with FDD and TDD teams from PwC USA, PwC China, and other affiliated networks, contributing to the successful culmination of this M&A transaction.

The PwC deal acted as lead sell-side adviser to SKC and the deal team was led by Gil-Ju Ryu and Keenam Park.