Press release

KKR to Sell KCF Technologies to SKC

Sponsored by Businesswire

Leading global investment firm KKR today announced that SK Group
affiliate SKC (“SKC”) will acquire a 100% equity stake in KCF
Technologies (“KCFT” or the “Company”) from KKR for KRW1.2 trillion
(US$1 billion).

KCFT is a global-leading producer of copper foils and flexible copper
clad laminates predominantly used in li-ion batteries for electric
vehicle applications. The Company – which is one of the latest examples
of a complex corporate carve-out by KKR – saw its capacity double 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.

Chung Ho Park and Hyoung Seok Lim, Managing Directors at KKR Korea,
said, “We are proud to have worked with the management team and
employees of KCFT to meaningfully grow the business and solidify the
Company’s technological leadership over the past several years. We
believe a partnership between the Company and SKC further positions KCFT
for even greater success in the future.”

KKR made its investment in KCFT from its Asian Fund III. This
transaction is subject to customary regulatory consents and approvals.
Further details of the transaction are not disclosed.


KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic partners that
manage hedge funds. KKR aims to generate attractive investment returns
for its fund investors by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation with KKR portfolio companies. KKR invests its own capital
alongside the capital it manages for fund investors and provides
financing solutions and investment opportunities through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. Inc. (NYSE:KKR), please visit KKR’s website at and
on Twitter @KKR_Co.