PwC provided M&A advisory on the sale of KwangJin Co.,Ltd

PwC Korea team is pleased to announce the sale of KwangJin Co.,Ltd ("KwangJin"), the leading waste chemical treatment company in Korea, where PwC acted as a sell-side advisor. The sale provides a successful exit for KwangJin's shareholders by selling 100% of its shares to Affirma Capital & The Hahm Partners consortium at KRW 263 billion.

In accordance with the seller's specific request, PwC collaborated extensively with the seller to successfully finalize the signing of a binding MOU, all while having limited access to management. The deal team effectively carried out marketing initiatives, focusing on potential investors showing strong interest, which maintained a competitive atmosphere among buyers. This was accomplished while keeping media exposure limited, as requested. Even in the challenging capital market conditions during the deal period, the PwC team achieved a remarkable outcome by surpassing the seller's sale price expectations by 30% to 40%.

The PwC team advising on the deal was led by Jeong-Seob Han, Kyung-Soo Jung and Joon-Hyuk Hong.