M&A spree

KKR makes a killing as SK Group extends spree with KCF swoop

The Korean conglomerate splashes out $1 billion on the world’s largest copper foil manufacturer, paying almost four times what KKR paid less than 18 months earlier.

SK Group's purchase of copper foil maker KCF Technologies for W1.2 trillion $1 billion continues the Korean conglomerate's crusade for new revenue sources and seals what appears to be a hefty profit for seller KKR.

In pursuit of the business divested by the US private equity giant, the energy-to-communications chaebol fended off other suitors, including Loreansteel giant POSCO, according to a source familiar with the situation.

For KKR, which only acquired KCFT from LS Group for $253 million in February 2018, the deal represents a near-quadrupling of its money, but only after doubling the firm's production capacity with new...

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