IMM Investment
Korea tender offers: Bidding on winners
Tender offers have long been overlooked in South Korea’s PE toolbox, where their traditional use in privatization deals seems to have little value. Local GPs may be able to adapt them to the market’s needs
Korean drug developer raises $21.8m Series B round
TiumBio, a South Korean drug developer working on treatments for cancer, diabetes and hemophilia, has secured KRW23.5 billion ($21.8 million) in Series B funding.
IMM invests $56m in Korea's Socar
IMM Private Equity has committed KRW60 billion ($56 million) to Socar, a car sharing company based in South Korea.
Q&A: IMM Private Equity’s Joseph Lee
IMM Private Equity’s Joseph Lee discusses the new sectors taking focus away from Korea’s traditional manufacturers, along with the potential for tender offers, IPOs and secondary sales in the market
IMM secures 2x return on Korea pharma investments
IMM Private Equity has fully exited its investments in Korean pharmaceutical developers Handok and Genexine.
IMM to buy Korean fashion e-commerce business
IMM Private Equity has agreed to buy a majority stake in W Concept Korea, an own-brand online clothing retailer owned by ISE Commerce, a multi-strategy Korean e-commerce business.
Korean middle market: Up the ladder
Interest from foreign LPs in Korea’s middle-market is rising, but the segment is still dominated by domestic institutional investors. Changes to this dynamic are unlikely to arrive soon
IMM increases commitment to Korean shipbuilder
IMM Investment has agreed to invest another KRW100 billion ($89 million) in Korean shipbuilder Hyundai Samho Heavy Industries (HSHI).
Deal focus: IMM seeks to ride the Korean wave
IMM Investment has become the latest private equity firm to buy into the Korean cosmetics story, paying $330 million for a majority stake in Able C&C through a tender offer and the acquisition of shares from the founder
IMM commits $266m to Korean shipbuilder
IMM Investment has agreed to invest KRW300 billion ($266 million) in Korean shipbuilder Hyundai Samho Heavy Industries (HSHI).
IMM launches tender offer for Korean cosmetics player
A consortium led by IMM Investment has agreed to pay KRW188.2 billion ($166 million) for a 25.54% stake in Korean cosmetics manufacturer Able C&C and launched a tender offer to secure control of the business.
IMM-backed consortium pays $2.1b for stake in Korea's Woori Bank
IMM Private Equity is one of seven investors that have acquired a combined 29.7% stake in Woori Bank, a Korean lender that has been under government control since 2001, for KRW2.4 trillion ($2.1 billion).
IMM closes third Korea fund at $1.15b
IMM Private Equity has closed its third Korea-focused fund at approximately KRW1.25 trillion ($1.15 billion), having seen an uptick in foreign investor participation compared to the previous vehicle.
Korea VC: Leaps of faith
Korean e-commerce start-ups have seen breakthroughs in fundraising over the last few years, but investors are already concerned about the future of the industry
Korea VC fundraising: Unbalanced boom
The forces behind a bumper year for South Korean venture fundraising serve as a reminder that local players must do more to build much-needed international relationships
IMM PE, Mirae agree to sell stake in Korea defense business
IMM Private Equity and Mirae Asset Private Equity are set to exit South Korea-based Doosan Defense Systems & Technology (DST) after Hanwha Techwin agreed to buy the business for KRW695 billion ($607 million).
Deal focus: IMM initiates unlikely media merger
Korean VC player IMM Investment convinces magazine publisher Design House and e-commerce business Oheim that together they can be stronger
PE investors target Korean corporate carve-outs - AVCJ Forum
Private equity investors in South Korea continue to see signs of increased deal flow in the form of corporate carve-outs as domestic conglomerates rationalize their businesses.
Portfolio: IMM Private Equity and Korea's Hollys Coffee
IMM Private Equity thinks Hollys Coffee has what it takes to become a homegrown star in Korea’s fiercely competitive coffee house industry. Two years into the investment, rejuvenation efforts appear to be paying off
Korean outbound M&A: Satisfied partners?
Korea’s National Pension Service wants private equity to help local corporates expand overseas. Three years after its inception, the Corporate Partnership Fund has yet to prove it is the answer
IMM set to buy Hyundai Merchant Marine's LNG business
IMM Private Equity has been selected as the preferred bidder for Hyundai Merchant Marine’s (HMM) liquefied natural gas (LNG) business in a deal worth KRW1.1 trillion ($1 billion). The announcement comes a few weeks after fellow South Korean GP Hahn...
Tyco shortlists PE firms for Korean unit - report
KKR, Bain Capital, IMM Private Equity and The Carlyle Group are reportedly among those shortlisted by US security specialist Tyco International as potential buyers for its South Korean unit - ADT Caps - in deal worth as much as $1.4 billion.
IMM to support T-Broad in cable TV battle
Thanks to the rapid emergence of internet protocol TV (IPTV), South Korea’s cable TV operators are expected to broadcast across the country regardless of regulatory hurdles.
IMM PE invests $190m in Korean cable TV operator T-Broad
IMM Private Equity has acquired an approximately 21% stake in T-Broad Holdings, South Korea’s second-largest cable operator by subscriber numbers, for KRW200 billion ($190 million).