Affirma Capital, EastBridge make final offers for T Map Mobility

Affirma Capital and EastBridge Partners submitted binding offers on Thursday (March 4) for a minority stake in T Map Mobility, the mobility subsidiary of SK Telecom, making the auction a two-way battle between the private equity groups. As many expected, […]

J&PE invests $19 mln in optics firm Jaeyoung Solutec

J& Private Equity (J& PE) will acquire convertible bonds worth 22 billion won ($19 million) issued by smartphone camera optical components maker Jaeyoung Solutec, industry sources said on Monday (March 8). Founded in 1976, Jaeyoung Solutec originally manufactured molds for […]

Jin Mobility plans to raise $105 mln from outside investors

Premium mobility service provider Jin Mobility has started a marketing campaign to raise 120 billion won ($105 million) from outside investors by issuing new shares, industry sources said on Monday (March 8). Jin Mobility was founded in 2020 by nine […]

Four investors interested in K bank’s capital hike

Online-only lender K bank is proceeding with plans to increase its capital base by as much as 600 billion won ($526 million), with many financial investors showing interest. Four financial investors – two domestic and two foreign private equity firms – […]

JobKorea deal will bolster Affinity EP’s portfolio

The acquisition of South Korea’s top online recruiting company JobKorea will be the second big-ticket deal made by global private equity (PE) firm Affinity Equity Partners since the launch of its $6 billion blind-pool fund in 2018. H&Q has selected […]

SK Bioscience IPO lures institutional investors

SK Bioscience carried out its two-day book building process on Thursday (March 4) and Friday for its planned initial public offering (IPO), which is the first multi-trillion-won deal in 2021, industry sources said on Friday. The deal is led by […]

Crescendo EP hopes to raise $440 mln for third fund

Crescendo Equity Partners is preparing to raise its third fund after being selected as one of 26 managers for New Deal investment mandates from Korea Development Bank (KDB) and Korea Growth Investment Corp (K-Growth). The Seoul-based firm, which is backed […]

SK Lubricants expected to take final offers next week

Negotiations between SK Lubricants and potential buyers of a minority stake in the company are making progress, with final offers expected to be made next week. The South Korean lubricant maker shortlisted four bidders in December, including IMM Private Equity, […]

SK Nexilis seeks $445 mil for new plant in Malaysia

SK Nexilis, a wholly-owned subsidiary of SKC, plans to raise up to 500 billion won ($445 million) to build a new plant in Malaysia as it prepares for rising demand for copper foil, a key component in the manufacturing of […]

Financial expert proposed as outside director of Shinhan Financial Group

Affinity Equity Partners, a major shareholder of Shinhan Financial Group, has recommended Lee Yong-guk, senior counsel at U.S.-based law firm Cleary Gottlieb Steen & Hamilton, as the group’s new outside director, industry sources said on Wednesday (March 3). Lee will […]


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