Mubadala Investment Company, Glenwood Private Equity, a Korea-based investment company, and other co-investors declared the completion of their co-investment with NanoH2O Co., Ltd. Therefore, all the closing conditions and regulatory approvals have been satisfied.
NanoH2O, formerly known as LG Water Solutions, which was launched as a division of LG Chem in 2014, has been operating independently this year.
The Company is a leading manufacturer of reverse osmosis membranes used in the desalination process as well as treatment of brackish water, headquartered in Seoul, Korea, and globally known to be the most energy-efficient way of desalinating water on a large scale, unlike thermal processes.
The company has over 95 percent of its revenue generated outside Korea, and it has a wide base of municipal and industrial consumers across the globe to meet the increasing demand for clean water in the world.
Head of Asia at Mubadala, Mohamed Albadr, said, “We have strong conviction in NanoH2O’s technology leadership and long-term growth potential. This investment aligns with our strategy to partner with companies advancing solutions to global challenges and reinforces our long-standing commitment to Korea and the broader Asian market. In partnership with Glenwood PE, we look forward to supporting NanoH2O’s international growth and reaffirming its position as a global leader.”
Head of Energy and Sustainability at Mubadala, Abdulla Mohamed Shadid, added that “Water security and decarbonization are converging as global priorities, and reverse osmosis membranes are essential to delivering water at scale with lower energy intensity. NanoH2O stands out for its proven technology, global footprint, and a replacement-driven business model that rewards continuous innovation.”
He further stated that “Our investment will support NanoH2O in connecting with growing demand in the MENA region and other key markets globally, and we look forward to contributing to the Company’s expansion and long-term sustainable value creation.”
CEO of Glenwood PE, Sangho Lee, reported that “Our investment in NanoH2O reflects Glenwood’s strong conviction in identifying and partnering with high-quality businesses that are considered non-core or less core within their respective conglomerates through corporate carve-outs. We remain deeply committed to supporting NanoH2O in advancing sustainable solutions to global water challenges and accelerating the Company’s growth and global impact together with our investment partners, including Mubadala.”
