Glenwood Private Equity, a Korea-based investment firm, and Mubadala Investment Company, an Abu Dhabi global investor, have finalized a co-investment in NanoH2O Co., Ltd., together with other co-investors. The parties confirmed that all regulatory approvals and closing conditions have been fulfilled.
NanoH2O, previously operating as LG Water Solutions under LG Chem, Ltd., was established in 2014 and became an independent company earlier this year. Headquartered in Seoul, the company supplies reverse osmosis membranes used for desalination and brackish water treatment, which are widely recognized as more energy-efficient than thermal desalination processes. More than 95 percent of the company’s revenue is generated overseas, with NanoH2O serving a broad mix of municipal and industrial customers worldwide as demand for clean water continues to grow.
“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.”
NanoH2O, previously operating as LG Water Solutions under LG Chem, Ltd., was established in 2014 and became an independent company earlier this year
Mohamed Albadr, Head of Asia at Mubadala, said, “We have a 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. 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 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. 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.”
