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[Alpha Biz=(Chicago) Reporter Paul Lee] SKC, an affiliate of SK Group, will sell its core business unit of SKenpulse, a subsidiary that manufactures semiconductor materials and components. In order to move the weight to secondary batteries and semiconductor materials, affiliates are disposed of one after another.
According to the investment banking (IB) industry on the 10th, SKC decided to sell its SKenpulse flagship fine ceramics division to private equity fund (PEF) operator Hahn & Company and recently signed a memorandum of understanding (MOU). The sale is said to be worth about 400 billion won.
The fine ceramics division, which was sold this time, is known to account for 70% of the company's total sales.
Through the sale of the business unit, SKenpulse plans to grow its business mainly on all semiconductor process materials such as CMP pads and blank masks.
With the sale of the project, SKC is expected to raise nearly 1 trillion won. The funds are expected to be spent on mergers and acquisitions (M&A) and expansion of copper foil plants. It is also expected to be used as a payment for the acquisition of ISC, a global company in semiconductor test solutions.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
