Korea Wide Partners / NH Investment & Securities (co-GP project fund) acquires 100% of Stericycle Korea (and Envitec Korea) for KRW 170bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $117m
- Stake
- 100%
- Implied 100%
- $117m
- Revenue
- —
- Op. income
- —
- Multiples
- —
Deal value ÷ stake (structure unconfirmed)
- Target
- Stericycle Korea (and Envitec Korea) · Medical waste treatment
- Buyer
- Korea Wide Partners / NH Investment & Securities (co-GP project fund) · FI
- Seller
- Stericycle International Holdings
- Structure
- —
- Announced
- Jun 2, 2023
- Closed
- —
- Stage
- Closed
Target
Stericycle Korea, reported as Korea's largest medical waste processor, operates medical waste incinerators in Yongin and Pocheon, Gyeonggi; Envitec Korea is its subsidiary. It was the Korean unit of global medical-waste company Stericycle.
Deal rationale
According to The Bell, Korea Wide Partners and NH Investment & Securities formed their first co-GP project fund to finance the entire KRW 170bn purchase price. The article said the company is regarded as highly profitable owing to high entry barriers and a dominant position in the Seoul metropolitan area, with EBITDA averaging over KRW 10bn a year. The seller's (Stericycle International Holdings) reason for divesting was not reported.
Press coverage
- 더벨 (2023-06-02): “인수대금은 총 1700억원이다”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.