Macquarie Fund Invests in Korean Waste Firm

Date: June 14, 2013

Source: News Room

The Australian investment bank Macquarie Group, through its subsidiary Macquarie Korea Opportunity Fund II, has invested $44 million for an 80 percent stake in Korean waste-treatment company Daegil Industrial. Daegil contracts with governments and corporations to collect and process wastes from building sites.

Macquarie has made forays into the waste-management space before. In 2011, its North American-focused fund Macquarie Infrastructure Partners II took WCA Waste Corp. (Houston, TX) private in a $526 million transaction. The bank also helped Waste Industries USA, Inc. (Raleigh, NC) go private in May 2008 in a deal then valued at $544 million.

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