ACE Convergence Acquisition Corp, a special purpose acquisition company (SPAC) sponsored by Korean PE firm ACE Equity Partners, has completed a merger with US-based electronics manufacturer Tempo Automation. The equity valuation of the business was cut...
Unison Capital is targeting KRW 800bn-KRW 900bn (USD 603m-USD 680m) for its third Korea fund, nearly twice what was raised in the previous vintage.
H&Q Korea has led a KRW 49bn Series C round for Korean laundry app provider Laundrygo with support from SoftBank Ventures and Altos Ventures.
Replacing portfolio company CEOs is not part of buyout firms’ value creation playbook in emerging markets, the AVCJ Private Equity & Venture Forum heard.
Korean carve-out specialist Glenwood Private Equity has agreed to acquire a significant minority stake in the advanced materials unit of Hanwha Solutions, a listed subsidiary of Hanwha Group, for an enterprise valuation of KRW 680bn (USD 514.2m).
Kream, a Korea-based sneaker reselling business controlled by domestic internet giant Naver, has announced plans to raise KRW 170bn (USD 84m) from Altos Ventures, Mirae Asset, and its parent company.
Adverse fundraising conditions didn’t deter deal-by-deal player Elevation Private Equity from investing in Korea healthcare turnaround, and by extension, aligning with a key domestic partner
Korea-headquartered pizza chain Gopizza has raised USD 25m in Series C funding from new and existing backers to drive an India expansion.
Korea’s Seoul Robotics, which specialises in computer vision for 3D sensors used by autonomous cars, has raised a USD 25m Series B round led by KB Investment.
Korea-focused Glenwood Private Equity has closed its second fund on KRW 900m (USD 648m) from local LPs, having established itself as a mid-market corporate divestment specialist
Kevin Lee founded Crescendo Equity Partners to spot overlooked Korean technology suppliers and reposition them as global leaders of their niches. This required a rare combination of skills
Macroeconomic uncertainty and liquidity risk are pushing Korean private equity firms to think beyond buyouts, double down on operational capabilities, and consider all their exit options
Affirma Capital has led a KRW 300bn (USD 217m) funding round – at a valuation of KRW 1trn – for Carrot General Insurance, a South Korea-based digital insurer.
MegaStudy Education, a listed Korean education provider with a market capitalisation of nearly KRW 900bn (USD 660m) has decided against selling a stake to North Asia-focused private equity firm MBK Partners.
Korea’s Airs Medical, a healthcare technology provider active in diagnostics software and robotics, has raised USD 20m in Series B funding from Klim Ventures, Q Capital Partners, and Hanwha Life Insurance.
Korea Investment Corporation (KIC) has appointed Hoon Lee, previously head of its investment strategy and innovation division, as CIO.
Socar, a Korea-based car-sharing business backed by the likes of Bain Capital, IMM Private Equity, and SoftBank Ventures Asia, traded down on debut following a KRW 101.9bn (USD 76m) IPO.
South Korean internet giant Kakao has abandoned plans to partially divest Kakao Mobility, its transportation division.
QuotaBook, a South Korea-based equity management platform that helps start-ups organise their cap tables, has received USD 11m in the second tranche of a Series A round.
The electrification of transportation has created a wealth of opportunities in energy saving and storage. Investors across Asia – led by China – are looking at batteries and other technologies