SK E&C to acquire EMC Holdings from Affirma Capital for $885m.

SK E&C, a construction engineering company, agreed to acquire EMC Holdings, a waste treatment platform provider, from Affirma Capital, an emerging market private equity firm, for $885m. EMC was the highest-priced business among three waste disposal companies that had been for sale in 2020 so far. Companies were attractive due to favorable pricing in depressed M&A market despite high prospects for growth.