EQT acquires KJ Environment and affiliates to establish leading waste management platform in South Korea Page 1

• KJ Environment and affiliated companies will form an end-to-end business portfolio in the waste management value chain, specializing in plastics recycling and waste-to-energy
• Global demand for recycled plastic is expected to increase due to stricter regulations and voluntary commitments from private sector companies.
• EQT will help establish a scaled and diversified end-to-end waste management platform with a focus on circular economy infrastructure

STOCKHOLM, August 16, 2024 /PRNewswire/ — EQT is pleased to announce that EQT Infrastructure VI (“EQT”) has entered into a definitive agreement to acquire KJ Environment and its affiliates (collectively, the “Platform”) from Genesis Private Equity, a specialist in environmental and energy infrastructure, to establish a scaled and diversified end-to-end waste management platform focused on plastics recycling and waste-to-energy in South Korea.

The platform comprises an end-to-end business portfolio across the waste management value chain, with core competencies in recyclable waste sorting, plastics recycling and waste-to-energy capabilities. It has strategically located sites in the Greater Seoul Metropolitan region, which serves the catchment areas covering more than 50% of the country’s population and GDP.