Mubadala co-leads investment in South Korea’s NanoH2O

UAE/Korea

Mubadala co-leads investment in South Korea’s NanoH2O: Glenwood Private Equity (“Glenwood  PE”), a leading Korea-based investment firm, Mubadala Investment Company (“Mubadala”), an  Abu Dhabi-based global investor, and other co-investors announced the closing of their co-investment in NanoH2O Co., Ltd. (“NanoH2O” or “the Company”, formerly known as LG Water Solutions and a division of LG Chem, Ltd.). All closing conditions and regulatory approvals have been met. 

NanoH2O was established as a division of LG Chem in 2014 and became an independent company  this year. Headquartered in Seoul, Korea, the Company is a leading global provider of reverse  osmosis membranes for desalination and the treatment of brackish water, widely recognised as the  most energy-efficient method for large-scale desalination compared to thermal processes. With over  95% of its revenue generated outside Korea, the Company serves a diverse range of municipal and  industrial customers worldwide, addressing the growing global demand for clean water. 

“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,” said Sangho Lee, CEO of Glenwood PE. “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.” 

“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 South Korea and the broader Asian  market,” said Mohamed Albadr, Head of Asia at Mubadala. “In partnership with Glenwood PE, we  look forward to supporting NanoH2O’s international growth and reaffirming its position as a global  leader.” 

Abdulla Mohamed Shadid, Head of Energy and Sustainability at Mubadala, added: “Water security  and decarbonisation 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. 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.”