Mubadala Investment Company and Korea-based Glenwood Private Equity have completed a co-investment in NanoH2O Co., Ltd., following the fulfilment of all closing requirements and regulatory approvals.
NanoH2O, previously operating as LG Water Solutions under LG Chem before becoming independent this year, is headquartered in Seoul and produces reverse osmosis membranes used in desalination and brackish water treatment. The company generates most of its revenue from international markets and supplies municipal and industrial clients seeking lower-energy water treatment solutions.
Mubadala said the investment supports its focus on companies developing technologies for global needs and builds on its long-term portfolio activity in Asia. Mohamed Albadr, Head of Asia at Mubadala, said the partnership aims to strengthen NanoH2O’s international growth and maintain its position within the sector.
Abdulla Mohamed Shadid, Head of Energy and Sustainability at Mubadala, said reverse osmosis systems are becoming central to water security and lower-carbon operations, noting NanoH2O’s existing global reach and technology record. He said the investment also aims to expand the company’s access to markets in the Middle East and North Africa and other regions.
Glenwood PE said the acquisition aligns with its approach of carving out specialised businesses from larger conglomerates and supporting their scale-up. CEO Sangho Lee said the firm intends to work with Mubadala and other partners to advance NanoH2O’s contribution to water-related challenges and assist in its next growth phase.