Korean private equity firm Hahn & Co. said that it has successfully completed the acquisition of the industrial film business of SKC, an affiliate of Korea's SK Group, earlier this month. The 1.6 trillion won ($1.2 billion) buyout deal is the country's largest M&A transaction closed this year. Hahn & Co. and the SK Group signed a stock purchase agreement in June this year, laying out that the Seoul-based private equity firm would acquire a 100-percent stake in SKC's polyester (PET) film business at the price of 1.6 trillion won. SKC's industrial film unit is the largest in Korea and the fourth-largest globally, with an annual revenue posting 1.2 trillion won and an operating profit of 68.9 billion won in 2021. Since SKC's establishment of the industrial film business unit in 1977, it has been the company's core business.