• Home
  • News
  • Analysis
  •  
    Regions
    • Australasia
    • Southeast Asia
    • Greater China
    • North Asia
    • South Asia
    • North America
    • Europe
    • Central Asia
    • MENA
  •  
    Funds
    • LPs
    • Buyout
    • Growth
    • Venture
    • Renminbi
    • Secondary
    • Credit/Special Situations
    • Infrastructure
    • Real Estate
  •  
    Investments
    • Buyout
    • Growth
    • Early stage
    • PIPE
    • Credit
  •  
    Exits
    • IPO
    • Open market
    • Trade sale
    • Buyback
  •  
    Sectors
    • Consumer
    • Financials
    • Healthcare
    • Industrials
    • Infrastructure
    • Media
    • Technology
    • Real Estate
  • Events
  • Chinese edition
  • Data & Research
  • Weekly Digest
  • Newsletters
  • Sign in
  • Events
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)870 240 8859

      Email: customerservices@incisivemedia.com

      • Sign in
     
      • Saved articles
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • LinkedIn
    • Newsletters
  • Free Trial
  • Subscribe
  • Weekly Digest
  • Chinese edition
  • Data & Research
    • Latest Data & Research
      2023-china-216x305
      Regional Reports

      The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.

      Read more
      2016-pevc-cover
      Industry Review

      Asian Private Equity and Venture Capital Review provides an independent overview of the private equity, venture capital and M&A activities in the Asia region. It delivers insights on investments made, capital raised, sector specific figures and more.

      Read more
      AVCJ Database

      AVCJ Database is the ultimate link between Asian dealmakers and those who provide advisory, financial, legal and technological services to the private equity, venture capital and M&A industries. It is packed with facts and figures on more than 153,000 companies and almost 117,000 transactions.

      Read more
AVCJ
AVCJ
  • Home
  • News
  • Analysis
  • Regions
  • Funds
  • Investments
  • Exits
  • Sectors
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)870 240 8859

    Email: customerservices@incisivemedia.com

    • Sign in
 
    • Saved articles
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
AVCJ
  • North Asia

Korea's Hahn & Co targets $3.25b for Fund IV

  • Tim Burroughs
  • 10 June 2022
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Save this article  
  • Send to  

Hahn & Company has set a target of USD 3.25bn for its fourth Korea-focused fund, which will include a co-investment sidecar of unspecified size.

The target was first reported by Mergermarket, AVCJ's sister publication, and has since been confirmed to AVCJ by two sources close to the situation. Hahn & Co has opened the data room to make LPs more familiar with its track record and operations. A private placement memorandum is set to be issued before the end of the year, one source added.

Fund IV will be structured much like its predecessor. There is a pool of core equity plus a co-investment sidecar – or supplemental – that allows Hahn & Co to flex up for larger deals. The same LPs feature in both vehicles on a pro rata basis. The size of the sidecar will be decided once the fundraise formally launches and there is a clearer idea regarding LP demand, the same source said.

The sidecar comprises committed capital. In addition, Hahn & Co raises separate co-investment vehicles for specific transactions. The capital is uncommitted: select LPs are invited to participate as and when opportunities arise, on different terms to the main fund and sidecar.

When the firm raised USD 1.2bn for its second fund in 2014, it also accumulated USD 700m in co-investment to support the acquisition of auto parts supplier Hanon Systems.

Fund III closed on USD 3.2bn in 2019. This included USD 2.7bn in core equity, a sidecar, and a USD 500m co-investment fund. The co-investment fund increased in size as larger deals closed. It is now around the USD 1bn mark, taking the overall capital committed in the Fund III cycle – in fund investment and co-investment – to nearly USD 4bn.

Hahn & Co's deal flow continues to span the upper mid-cap to large-cap spaces. In the past 24 months, the firm has acquired the biofuels division of SK Chemicals for KRW 382.5bn (USD 322m), bought Korea Air's in-flight catering and duty-free operations for KRW 900.6bn, and announced the purchase of a majority stake in Namyang Dairy Products for KRW 310.7bn. The latter deal has yet to close.

Most recently, the firm agreed to acquire 100% of SK Group's polyester film business for KRW 1.6trn.

Hahn & Co is also raising a single asset continuation vehicle for Ssangyong Cement. It bought the business out of bankruptcy through Fund II and combined it with several smaller cement producing assets from Fund I. 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Save this article  
  • Send to  
  • Topics
  • North Asia
  • Fundraising
  • Buyout
  • GPs
  • South Korea
  • Hahn & Co
  • Fundraising

More on North Asia

Japan's LayerX extends Series A to $67.5m
Japan's LayerX extends Series A to $67.5m
  • North Asia
  • 09 November 2023
Integral makes partial exit from Japan's Skymark
Integral makes partial exit from Japan's Skymark
  • North Asia
  • 09 November 2023
Japan's Sensyn Robotics raises $15m
Japan's Sensyn Robotics raises $15m
  • North Asia
  • 03 November 2023
Japanese digital alternatives platform gets pre-Series A
Japanese digital alternatives platform gets pre-Series A
  • North Asia
  • 02 November 2023

Latest News

Asian GPs slow implementation of ESG policies - survey
Asian GPs slow implementation of ESG policies - survey

Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...

  • GPs
  • 10 November 2023
Singapore fintech start-up LXA gets $10m seed round
Singapore fintech start-up LXA gets $10m seed round

New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.

  • Southeast Asia
  • 10 November 2023
India's InCred announces $60m round, claims unicorn status
India's InCred announces $60m round, claims unicorn status

Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”

  • South Asia
  • 10 November 2023
Insight leads $50m round for Australia's Roller
Insight leads $50m round for Australia's Roller

Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.

  • Australasia
  • 10 November 2023
Back to Top
  • About AVCJ
  • Advertise
  • Contacts
  • About ION Analytics
  • Terms of use
  • Privacy policy
  • Group disclaimer
  • RSS
  • Twitter
  • LinkedIn
  • Newsletters

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013