Korea-focused private equity firm IMM Investment has agreed to acquire Korea-based waste management and recycling services provider Eco Management Korea Holdings from JP Morgan Asset Management for KRW400 billion (approximately US$338 million). Almost half of the funding for the deal will come from IMM Investment’s blind pool fund, while the remaining will be raised through loans from financial institutions. The transaction is expected to be completed by early next year. Separately, IMM has agreed to invest KRW30 billion (approximately US$26 million) in Korea-based artwork auction house K Auction. With IMM’s support, K Auction will bolster its online auction platform, expand its logistics facility for artwork storage and increase the size of its workforce.