Yoon & Yang advises Kolon Corporation on sale of Kolon Water & Energy and acquisition of Kolon Energy

  • Recent Matters
  • 2016.08.18
In August 2016, Yoon & Yang successfully advised Kolon Corporation (“Kolon”) on the sale of its 62.6 percent controlling stake in Kolon Water & Energy (“KWE”), a subsidiary for the sewage and wastewater treatment business, to the Standard Charted Private Equity (“SC PE”) as part of a corporate restructuring effort.  Additionally, in a related transaction, Yoon & Yang provided Kolon with the comprehensive legal advices on the acquisition of 40 percent stake (comprised of 32 percent common shares and 8 percent preferred shares) previously held by SC PE in Kolon Energy, a subsidiary spun off from KWE to operate a separate energy and plant business within Kolon following the divestment of KWE.

Prior to the above M&A transaction, Yoon & Yang had also advised Kolon on the establishment of Kolon Energy through a spinoff of the energy and plant business from KWE in November 2015.
Overall, Yoon & Yang advised Kolon on the successful completion of a complex corporate restructuring transaction for the divestment of its stake in KWE and the raising of its stake in Kolon Energy by providing legal advices in all aspects of the transaction from the establishment of Kolon Energy to the closing of the share purchase agreements.
#Mergers & Acquisitions