Standard Chartered invests in South Korean water treatment company Environmental Facilities Management

Standard Chartered Private Equity has announced a US$40m equity investment in a leading environmental company affiliated with Kolon Group. SCPEL, the private equity arm of Standard Chartered Bank, will invest $32m to acquire a 40 per cent stake in Environmental Facilities Management Corporation (EFMC), a wholly-owned subsidiary of Kolon Group, and an additional $8m to expand the newly acquired business.