US PE firm Yucapia exits South Korea’s IHQ
Yucapia Global PEF, a US private equity fund held by supermarket conglomerate owner Ronald Burkle, has exited almost its entire stake in IHQ, one of South Korea’s major entertainment stocks. It is unlikely to have generated a significant return on the investment.
The fund acquired a 6.05% interest in IHQ for KRW10 billion ($8.7 million) in 2007 and, until September 2011, remained one of the major shareholders, owning 6.84% of the company, Private Equity Korea reported,...
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