EQT Infrastructure VI acquires KJ Environment and affiliates
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- —
- Stake
- —
- Implied 100%
- —
- Revenue
- —
- Op. income
- —
- Multiples
- —
- Target
- KJ Environment and affiliates · Waste treatment & plastics recycling
- Buyer
- EQT Infrastructure VI · FI
- Seller
- Genesis Private Equity
- Structure
- —
- Announced
- Aug 16, 2024
- Closed
- —
- Stage
- Closed
Target
A waste-treatment platform with sites in the Greater Seoul area covering recyclable-waste sorting, plastics recycling and waste-to-energy; EQT described it as Korea's largest plastics recycler by treated volume with technology for food-contact recycled plastics.
Deal rationale
EQT said it expects demand for recycled plastics to rise on tighter regulation and voluntary commitments by consumer-goods companies, and framed the deal as fitting its climate-infrastructure theme. Seller Genesis PE acquired waste collector KJ Environment in 2020, added smaller sorting and recycling companies through bolt-ons and sold them as a bundle; The Fact and Herald Economy reported the sale at over KRW 1 trillion.
Press coverage
- EQT 보도자료 (2024-08-16): “EQT Infrastructure VI (“EQT”) has entered into a definitive agreement to acquire KJ Environment and affiliated companies”
- EUWID Recycling (2024-08-20): “EQT did not disclose the agreed purchase price.”
- Biofuels Digest (2024-08-25): “EQT Infrastructure has entered into a definitive agreement to acquire KJ Environment and affiliated companies”
- 더팩트 (2025-07-12): “KJ환경 등 보유하던 재활용업체들을 묶어 EQT파트너스에 매각하면서 1조원대 엑시트에 성공하기도 했다.”
- 헤럴드경제(다음) (2026-07-24): “2020년 폐기물 수집업체 KJ환경을 인수한 뒤 … 2024년 EQT파트너스에 1조원 이상에 매각”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.