SKC Co., Ltd.’s Acquisition Of KCF Technologies

Simpson Thacher represented KKR in connection with the announced acquisition by SKC Co., Ltd. of 100% equity stake in KCF Technologies (“KCFT”) for KRW 1.2 trillion (approximately US$1 billion).

The closing of the transaction is subject to customary regulatory consents and approvals. The Firm also represented KKR in its acquisition of the copper foil and flexible copper clad laminates (“CF/FCCL”) business from LS Group in 2017.

Established by acquiring the CF/FCCL business from an affiliate of the LS Group in 2017, KCFT is a global-leading producer of CF/FCCL predominantly used in lithium-ion batteries for electric vehicle applications. KCFT’s capacity doubled during KKR’s investment period through the construction of new factories in addition to expanding overseas into new markets. KKR further assisted KCFT and its management team in setting up all core functions to operate as an independent company, securing long-term supply contracts and making key senior appointments.

The Simpson Thacher team working on this deal included Jin Park (Picture), Ian Ho, Joongwon Park and Heesu Kim (M&A – Hong Kong); Katharine P. Moir (Tax); Étienne Renaudeau and Megan E. Griffith (Antitrust); Marcela Robledo (IP); Tristan Brown (ECEB); and Adeeb Fadil (Environmental).

Involved fees earner: Tristan Brown – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Megan Griffith – Simpson Thacher & Bartlett; Ian Ho – Simpson Thacher & Bartlett; Heesu Kim – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jin Hyuk Park – Simpson Thacher & Bartlett; Joongwon Park – Simpson Thacher & Bartlett; Étienne Renaudeau – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR;

Author: Michael Patrini