Abu Dhabi, UAE – Mubadala Investment Company, one of Abu Dhabi’s leading sovereign wealth funds in the United Arab Emirates, announced on Wednesday that it has completed a joint investment with the Korean private equity fund Glenwood Private Equity.
This investment targets NanoH2O, formerly the water solutions division of LG Chemical.
Mubadala confirmed that both parties, itself and Glenwood Private Equity, have completed all the necessary regulatory requirements and approvals to finalize this joint investment.
Confidence in growth and global leadership
Mohammed Al Bader, Head of Asia Unit in the Private Investments sector at Mubadala Investment Company, expressed his strong confidence in the technical capabilities and long-term growth potential of “Nano H2O”.
Al-Badr added that Mubadala, through its collaboration with Glenwood, will provide the necessary support for NanoH2O’s growth. It will also work to strengthen its position as a global leader in the water solutions sector.
About “Nano H2O”
NanoH2O was launched as a business unit of LG Chemical in 2014. It is now an independent company. The company is a global leader in providing reverse osmosis (RO) solutions, a crucial technology used in water desalination and brackish water treatment.
