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EQT to acquire KJ Environment and affiliated companies to establish a leading waste treatment platform in South Korea

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KJ Environment and affiliated companies to form an end-to-end business portfolio in the waste treatment value chain specialized in plastic recycling and waste-to-energyGlobal demand for recycled plastic is expected to accelerate due to strengthened regulations as well as voluntary commitments by companies in the private sector  EQT will help establish a scaled and diversified end-to-end waste treatment platform with a focus on circular economy infrastructure

STOCKHOLM, Aug. 16, 2024 /PRNewswire/ — EQT is pleased to announce that EQT Infrastructure VI (“EQT”) has entered into a definitive agreement to acquire KJ Environment and affiliated companies (collectively the “Platform”) from Genesis Private Equity, an environmental and energy infrastructure specialist, to establish a scaled and diversified end-to-end waste treatment platform focused on plastic recycling and waste-to-energy in South Korea.

The Platform comprises an end-to-end business portfolio in the waste treatment value chain, with core competencies in recyclable waste sorting, plastic recycling and waste-to-energy capabilities. It has strategically located sites in the Greater Seoul Metropolitan Area, serving catchment areas covering more than 50% of the country’s population and its GDP.

The Platform is a leading plastic recycler in South Korea in terms of treated volume, with stable access to high-quality waste plastic feedstock and cutting-edge technology to produce advanced recycled plastics suitable for food and beverage products that involve human contact. As a result, the Platform is well-positioned to advance its leadership in waste treatment with a focus on circular economy infrastructure.

Global demand for recycled plastic is expected to accelerate due to strengthened regulations mandating its use across a myriad of products and applications as well as voluntary commitments in the private sector, most notably in consumer-packaged goods. Sorting plays a particularly critical role in South Korea’s waste treatment value chain as all recyclable waste is aggregated and processed at sites before being transferred to recycling facilities.

The acquisition marks EQT’s second infrastructure investment in South Korea, and is aligned with EQT’s thematic approach to investing in climate-related infrastructure opportunities, supporting resource efficiency and a more circular economy. EQT is committed to working closely with KJ Environment and the affiliated companies to provide both capital and operational support to deepen and expand its customer partnerships, introduce automated machinery and digital solutions, and continue to build trust within the communities it serves.

Sang Jun Suh, Partner in the EQT Infrastructure Advisory Team, commented: “We are delighted to be partnering with KJ Environment and its talented management team. We look forward to applying EQT’s extensive experience investing in sustainable waste and recycling solutions across geographies, combined with our strong local footprint and industrial network, to help KJ Environment elevate into a true market leader in the waste treatment space. This investment also marks EQT’s latest milestone in South Korea, a market we believe holds tremendous potential and is strategically important to our regional investment strategy.”

The Platform adds to EQT’s global portfolio of companies which engage in waste-related business and builds on EQT’s track record of supporting infrastructure companies in the Asia Pacific region. Since 2020, EQT Infrastructure has committed EUR 5 billion of equity, including co-investment, in Asia Pacific companies. The portfolio managed by EQT’s infrastructure team in Asia Pacific employs approximately 11,000 people.

EQT has been investing in South Korea since 2009 and views the market as a key part of the firm’s Asia Pacific strategy across infrastructure, private equity, and real estate investing. EQT Infrastructure looks to support South Korean businesses in achieving their growth and operational objectives by leveraging the expertise of EQT’s global sector teams, in-house expert capabilities within sustainability and digitalization, and global network of Industrial Advisors.

The transaction is subject to customary conditions and approvals. It is expected to close in Q4 2024.

EQT was advised by JP Morgan (financial), Kim & Chang (legal), and PwC (financial and tax).

With this transaction, EQT Infrastructure VI is expected to be 45-50 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size and subject to customary regulatory approvals.

Contact
EQT Press Office, press@eqtpartners.com

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Infrastructure VI will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-to-acquire-kj-environment-and-affiliated-companies-to-establish-a-leading-waste-treatment-platfo,c4023436

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https://news.cision.com/eqt/i/kj-environment,c3324214

KJ Environment

https://mb.cision.com/Public/87/4023436/9e267f79e5ea1c1f.pdf

KJ Environment and affiliated companies – EQT Press Release 15082024

 

View original content:https://www.prnewswire.co.uk/news-releases/eqt-to-acquire-kj-environment-and-affiliated-companies-to-establish-a-leading-waste-treatment-platform-in-south-korea-302224136.html

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DayOne Launches as an Independent Global Data Center Pioneer Following Series B Funding Closure

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SINGAPORE, Jan. 1, 2025 /PRNewswire/ — DayOne, a leading global data center pioneer, officially launched as an independent group on January 1, 2025, ushering in a transformative new era following the successful completion of its series B funding, led by renowned global investment institutions. Formerly operating as GDS International (GDSI), DayOne, founded in 2022 and headquartered in Singapore, has built a proven track record of creating and scaling markets across Asia-Pacific and beyond, driving digital transformation and enhancing regional connectivity.

The brand name “DayOne” encapsulates the company’s entrepreneurial spirit and relentless focus on customers, innovation, and growth. It signifies a mindset of respecting each day as an opportunity to embrace new possibilities, create impactful solutions, and deliver value across the markets we operate in. Inspired by its legacy of pioneering digital infrastructure and unlocking markets, “DayOne” represents a forward-looking commitment to empowering industry leaders with next-generation infrastructure solutions. Guided by humility and a deep reverence for our work and the industries we serve, “DayOne” is dedicated to creating value for all—spanning customers, business partners, investors, employees, and the communities we support.

Over the past year, DayOne secured approximately USD $1.9 billion through its Series A and Series B equity rounds, backed by world-class investors such as SoftBank Vision Fund, Kenneth Griffin, CEO of Citadel, Coatue Management, and Baupost Group.

These investments have not only underscored confidence in DayOne’s ability to deliver reliable, scalable, and sustainable digital infrastructure solutions but have also paved the way for its transformation into an autonomous entity. DayOne’s autonomy spans corporate governance, operations, finance, and technology functions. Its governance is further strengthened by a globally experienced and diverse board, with over half comprising independent investor directors.

Adding to its strategic depth, DayOne recently welcomed three esteemed board leaders: Lim Ah Doo, Co-Chairman of the Board and Chairman of Olam Group Limited; and board advisors Ken Miyauchi, former President & CEO of SoftBank Corp., and Bob McCooey, Vice Chairman of Nasdaq. This robust governance framework ensures balanced decision-making aligned with international best practices, laying a solid foundation for sustainable growth and long-term value creation.        

“The trust from our investors speaks volumes about the strength of DayOne’s vision and our ability to deliver transformative results in a rapidly evolving industry,” said William Huang, Chairman of DayOne. “This transformation goes beyond operational independence— it solidifies our role as a leader in setting new industry benchmarks, advancing regional digital growth, and championing sustainable innovation.”

Jamie Khoo, CEO of DayOne, said: “DayOne represents more than a new name—it’s a commitment to leading with purpose, agility, and innovation. Our focus is on delivering cutting-edge digital infrastructure that propels industries and communities forward. This new chapter empowers us to create lasting impacts on economies and build a future-ready digital ecosystem.”

Gary Wojtaszek, Vice-Chairman of the Board and former President and CEO of CyrusOne, stated: “The formation of DayOne marks a pivotal moment for the industry. Backed by a forward-thinking board and an exceptional leadership team, DayOne is set to redefine digital infrastructure and establish new benchmarks in the sector.”

Operating across key markets such as Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, and Tokyo, DayOne combines deep local expertise with a global vision to meet the growing demands of hyperscalers and enterprises. Its innovative strategies, such as the SIJORI market creation, integrate the strengths of Singapore, Johor, and Batam to deliver interconnected, scalable, low-latency, and sustainable digital infrastructure solutions.

DayOne’s competitive edge lies in its ability to anticipate market demands and deliver customer-centric solutions. With a focus on innovation, the company consistently sets industry benchmarks in speed, scalability, and execution. Its sustainability efforts include cutting-edge cooling technologies, renewable energy adoption, and green building designs aimed at reducing environmental impact and enhancing operational resilience.

Looking ahead, DayOne envisions a future where digital infrastructure fuels economic transformation and accelerates global connectivity. By integrating sustainability with advanced technology, DayOne is poised to drive innovation and empower industries worldwide.

About DayOne

DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective and quickly scalable solutions.

Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne’s data centers are located across key markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond.

Headquartered in Singapore, DayOne’s leadership team draws on over two decades of industry experience and a track record of building Asia’s largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub.

As demand for strategically located and customized data centers rises, DayOne’s entrepreneurial spirit, customer-first strategy, deep local partnerships, and agile executional capabilities uniquely position us to power the growth ambitions of leading hyperscalers and large enterprises around the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dayone-launches-as-an-independent-global-data-center-pioneer-following-series-b-funding-closure-302340665.html

SOURCE DayOne Data Centers

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Altice USA (Optimum) Has Dropped MSG Networks, Depriving Local Fans of Hundreds of Live, Exclusive Games of Their Favorite Teams

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Knicks, Rangers, Islanders and Devils Coverage on MSG Networks is Dark for Optimum Subscribers

For More Information, Please Visit KEEPMSG.COM

NEW YORK, Jan. 1, 2025 /PRNewswire/ — Despite MSG Networks’ extensive efforts to reach an agreement, Altice USA has dropped MSG Networks from its Optimum channel lineup in the tri-state area, leaving passionate Knicks, Rangers, Islanders and Devils fans out in the cold this winter.   

MSG Networks issued the following statement:

“As a last-ditch effort to save their struggling business at the expense of subscribers, Altice is trying to charge their customers more and give them less. They just raised prices – nearly 50% for current Optimum subscribers and 70% for new Optimum subscribers (after expiration of a promotional offer) for the package that had included MSG Networks – and cut access to the Knicks, Rangers, Islanders, Devils and more on MSG Networks.  We offered Altice a number of fair and reasonable proposals that called for Altice to pay us less than last year. Altice rejected all of them, including our offer to keep MSG Networks on the air while we continued to try to reach a deal.  We remain ready to negotiate in good faith.”

In addition:

The previous Optimum Core TV package – which included MSG Networks and includes other sports channels – increased from $95 to $140/month, nearly a 50% increase.Now, following Altice’s introduction of its new packages just a few weeks ago, the most “affordable” new package that had offered MSG Networks prior to the drop is $160/month – that is almost 70% more than what Optimum customers paid before.MSG Networks offered Altice the same fair and reasonable terms that other major providers accepted. And now Altice’s own customers are paying the price to bolster Altice’s bottom line with dramatic price hikes and unreasonable proposals to programmers.Optimum subscribers are encouraged to visit KEEPMSG.COM for more information, including on how switch providers or to find other options for watching MSG Networks’ award-winning programming.NBA and NHL telecasts appearing on MSG Networks regularly rank as some of the most-watched cable programs in the region. 

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact: Dan Schoenberg (dan.schoenberg@msg.com)

 

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SOURCE Sphere Entertainment Co.

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CES 2025: viaim Unveils Smart Office Tools RecDot and NoteKit with Exclusive Limited-Time Early Access

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The brand’s early bird event gives professionals the chance to be the first to experience an unprecedented office experience with exclusive discounts and surprises.

SINGAPORE, Jan. 1, 2025 /PRNewswire/ — viaim, an AI technology hardware company deeply rooted in the smart office sector, is ushering in a new smart office era with its mission to create AI that eliminates repetitive office tasks, enabling business professionals to focus on collaboration, innovation, and more meaningful work. The Company’s upcoming debut at CES 2025 will see the launch of its RecDot AI Work companion earbuds and NoteKit desktop AI recorder that can simplify workflows. viaim AI offers advanced features to enhance productivity and convenience. Its AI assistant analyzes meeting minutes, extracts key points, and generates summaries and to-do lists, simplifying post-meeting tasks.

Empowering business professionals around the world to work smarter and more efficiently, RecDot supports real-time transcription and translation for on-site, call, and audio-video recordings. With translation capabilities in 13 languages, it ensures seamless communication and 48dB deep noise reduction isolates background noise effectively, customizable for various scenarios. Additionally, the 36-hour charging box battery life offers up to 9 hours per use and provides one hour of use with just a 5-minute charge. viaim’s products can streamline meeting workflows and the real-time transcription, translation, and summarization features simplify tasks and improve focus, making it ideal for multinational or foreign-language meetings. 

Additionally, the sleek-like-a-pen NoteKit desktop AI recorder plugs directly into a laptop without the need to connect earbuds or additional drivers. It utilizes dual microphones for omnidirectional sound pickup to record audio independently and can clearly capture human voices within five meters and can be independently controlled through physical buttons. It supports transcription of live and audio and video conference recordings, supports recognition and translation of 13 languages, and can provide external subtitles for foreign language videos.

To celebrate the launch, viaim invites users to participate in its exclusive early bird event from January 1 to January 6, 2025. Don’t miss your chance—register now on viaim’s official website (store.viaim.ai) to secure discounts of up to $25 and enter for a chance to win a RecDot valued at $249 ,Time is limited, so act fast and elevate your workplace efficiency with viaim’s latest innovations!

Jane Doe,CMO of viaim said: “Professionals face growing challenges in efficiency and communication, especially with frequent meetings, remote collaboration across time zones, and multilingual needs. Traditional tools fall short, reducing productivity. viaim addresses these pain points, and this launch marks a key step toward smarter workplace solutions.”

Discover viaim at CES 2025 and join the immersive experience at Booth 36709, LVCC South Hall 2, from January 7 to 10. Explore live product demonstrations, engage in expert-led discussions, and enjoy exclusive offers.  Learn how RecDot and NoteKit can transform your workday and unlock new levels of productivity.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ces-2025-viaim-unveils-smart-office-tools-recdot-and-notekit-with-exclusive-limited-time-early-access-302340576.html

SOURCE VIAIM

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