IMM Private Equity & IMM Investment consortium acquires 100% of Ecorbit for KRW 2.07tn
- Deal value
- $1.4bn
- Stake
- 100%
- Implied 100%
- $1.4bn
- Revenue
- $465m
- Op. income
- $76m
- Multiples
- EQV/EBIT 18.8xPSR 3.1x
Deal value ÷ stake (structure unconfirmed)
2023 연결 · DART-verified
2023 연결 · DART-verified
On implied equity value
DART 20240404001608
- Target
- Ecorbit · Waste treatment (landfill, incineration, water)
- Buyer
- IMM Private Equity & IMM Investment consortium · FI
- Seller
- TY Holdings & KKR
- Structure
- —
- Announced
- Aug 26, 2024
- Closed
- Dec 12, 2024
- Stage
- Closed
Target
Integrated environmental services company engaged in landfill, incineration and water treatment; the IMM consortium described it as Korea's largest waste treatment operator on closing.
Deal rationale
TY Holdings, in the course of Taeyoung E&C's workout, had raised about KRW 400bn in bonds from KKR with all Ecorbit shares pledged as collateral; it and KKR jointly sold 100% for KRW 2.07tn, with proceeds used to repay the bonds (Aju Economy, Smart Today). The IMM consortium cited stable waste treatment demand, value-chain coverage and cash generation, and said it would pursue bolt-on acquisitions in recycling (Asia Economy).
| Revenue | $465m |
| Operating income | $76m |
| EBITDA | $155m |
| Net income | — |
2023 연결 · DART-verified · 20240404001608
Press coverage
- 아주경제 (2024-08-26): “에코비트 지분 100%의 총 매각대금은 2조700억원이다.”
- 아시아경제 (2024-12-13): “지난해 매출액 기준 6996억원, EBITDA(상각전영업이익) 2250억 원을 달성하는”
- 아시아경제 (2025-01-14): “IMM프라이빗에쿼티(PE)와 IMM인베스트먼트 컨소시엄이 2조700억원에 국내 1위 폐기물 처리업체인 에코비트를 품었다.”
- 스마트투데이 (2024-08-26): “총 매각대금은 2조 700억 원이다”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.