CDIB secures over 3x through WeMade exit

CDIB Capital invested in WeMade in 2008 and worked closely with its management team to accelerate the business expansion beyond Korea, launch new games, and improve investor relations.

During the three years of CDIB Capital's involvement, the company's revenue and EBITDA grew by over 104% and 71%. WeMade got listed on Kosdaq in December 2009.

WeMade is also said to have recently teamed up with Tencent to invest KRW92 billion ($80 million) in Kakoo Talk, a popular Korean mobile messaging application, buying 1 million shares, or 3.8%, of the company.

"Despite the challenging global macroeconomic environment, our overall private equity portfolio is today valued well above its original cost and expected to further appreciate as markets stabilize over time," said Lionel de Saint-Exupery, president and CEO of CDIB Capital. "We are solidly capitalized and are actively looking for high quality companies to invest in and partner with in the Asia Pacific region."

Headquartered in Hong Kong, CDIB Capital focuses on middle market growth capital transactions, with a sector bias towards consumer, TMT, financial services and high-end manufacturing.

 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• North Asia
• Investments
• Exits
• TMT
• South Korea
• CDIB Capital
• Exit