Glenwood PE and Mubadala Complete Acquisition of NanoH2O

Former LG Chem Water Solutions Division "Carve-Out Deal"
Joint Investment Completed at 1.4 Trillion Won

Glenwood Private Equity, a leading private equity (PE) firm in South Korea, and Mubadala Investment Company, a sovereign wealth fund based in Abu Dhabi, United Arab Emirates (UAE), announced that they have completed their joint investment in NanoH2O Co., Ltd. (formerly the Water Solutions division of LG Chem). All requirements and regulatory approvals necessary for the closing of the investment have also been finalized.

Launched in 2014 as a business division of LG Chem and now established as an independent corporation, NanoH2O is headquartered in Seoul and is a global leader in reverse osmosis (RO) membranes for seawater and brackish water desalination. The reverse osmosis method is more energy-efficient than thermal processes and is widely used for large-scale desalination. With municipalities and industrial clients around the world, more than 95% of the company’s revenue is generated from overseas markets.

Lee Sangho, CEO of Glenwood, stated, “This investment in NanoH2O exemplifies Glenwood’s investment philosophy of identifying high-quality businesses classified as non-core or low-priority within large corporations and enhancing their value through business carve-outs. Together with Mubadala and other co-investors, we will actively support NanoH2O in expanding sustainable solutions to address global water challenges, and in driving continuous growth and strengthening its global influence.”

Mohamed Albadr, Head of Asia at Mubadala, said, “We have strong confidence in NanoH2O’s technological capabilities and long-term growth potential. This investment aligns with Mubadala’s strategy of partnering with companies that contribute to solving global challenges, and demonstrates our long-term commitment to the Korean and broader Asian markets.” He added, “Through our collaboration with Glenwood, we will support NanoH2O’s growth and help solidify its position as a global industry leader.”

Previously, LG Chem announced in June that its board of directors had resolved to transfer the Water Solutions business within its Advanced Materials Division. The sale price is approximately 1.4 trillion won.

This content was produced with the assistance of AI translation services.