KCC to become "No.2" in the world of silicone … Wonik is a strong ceramic | Economy | News

KCC, a large-cap domestic group, and the Woongjin Group won with private equity (PEF) The challenge. When the merger is concluded, a consortium of large companies and PEFs for the first time in the history of mergers and acquisitions (M & A) should take control of a global company.

The KCC consortium would contest another candidate for the acquisition. From next month, the results are decided. KCC produced about 70,000 tonnes of silicon last year. Momentive will become the world's second-largest silicon producer with more than 300,000 tonnes a year in 24 production facilities around the world. Thousands of source technologies are also secure.

Wonik Group is one of the most important partners of Samsung Electronics. Wonik Materials, a specialty gas producer used in the semiconductor manufacturing process, and Wonik QNC, a manufacturer of quartz and ceramic semiconductors. Of these, Wonik QNC has the largest market share in the national quartz and ceramic market with 37% and 26.6%, respectively.

The acquisition of Momentive by KCC and Wonik Group, which target the global market, is approaching an opportunity not to be missed. Momentive was a good company, with banks lending up to 90% of the acquisition price when Apollo received $ 3.8 billion in 2006. Apollo bought back the same year but did not survived following the global financial crisis in 2007 and requested the management of the audience room (chapter 11) in 2014.

Momentiv is a company that has all the technologies and facilities of silicon production widely used in the fields of machinery, electronics, chemistry, textile, paper, architecture, civil engineering, etc. The world's first industrial silicon production technology, medical tubes, shampoos and shampoos badociated with shampoo and conditioner, ultraviolet (UV) protection technology, silicon for organic light-emitting diodes (OLED) C & # 39, is the first disc in the world.

The problem was funding. Overseas companies with KCC and Wonik Group exceeding the purchase price of 2 billion won were like rice cakes. SJL Partners, president of SJL Partners, is one of the leading players in the domestic investment banking (IB) industry that has developed a plan to realize the dreams of both companies. Through his investment banking experience of 33 years, Mr Lim discovered that Apollo wanted to regain momentum. Apollo has already lost his experience trying to sell Momentive to a major Chinese chemical company. The US Foreign Investment Review Board (CFIUS), which aims to contain US investment from Chinese companies and prevent leakage of US core and advanced technologies, has been the focus of 39; a careful examination

I decided that weaving was the key. This is why the KCC-Wonik-SJL consortium was formed. SJL, KCC and Wonik have respectively 50 to 45. SJL is responsible for half of the company because it has a structure in which PEF, which is familiar with the overall management, takes control of Momentive, which is a way to gain the preference of existing management.

The KCC consortium will purchase a 100% stake in Momentive and plans to separate the silicon business from the commercial quartz and ceramics divisions. . In order to meet the interests of Wonik, who desires the KCC and quartz and ceramic divisions for the silicon division. Both divisions have a 50% interest in SJL. Once the transaction is completed, the Silicon division will hold 5 to 5 units of SJL and KCC, and the Quartz and Ceramic division will have 5 to 5 units of SJL and Wonik.

Thanks to the half price of the acquisition of SJL by the PEF, the burden of the company also increases and the SJL will repay the investment, while KCC and Wonik will have the remaining 50%. It's light. An IB representative said: "The combination of SI (strategic investor) and FI (financial investor) is the perfect way for PEF to find and open business opportunities."

Jung Young-Hyo, reporter [email protected]

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