VIG Partners
Korea securities firms: Brokerage bonanza
Korean securities firms are building PE teams with a view to raising capital from third-party investors. There is government support for these efforts, but independent GPs aren’t worried about increased competition
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
Secondary buyouts: Peer to peer
Maligned by some investors, sponsor-to-sponsor deals are gradually becoming more prevalent in Asia as the private equity industry matures. What is the early verdict?
VIG pays $127m for majority stake in Korean skincare player
VIG Partners has agreed to buy a 73% stake in Press & Converting, a Korea-based manufacturer of facial masks primarily used for skincare, in a deal worth KRW146 billion ($127 million).
PE-owned Samyang closes up on debut after $60m IPO
Korean camera lens manufacturer Samyang Optics ended its first day of trading on KOSDAQ at a slight premium to its IPO price, having raised KRW66.8 billion ($60 million) in the offering and enabled VIG Partners to make a partial exit.
VIG-owned Samyang targets up to $74m in Korea IPO
Samyang Optics, a Korea-based camera lens manufacturer owned by VIG Partners, is seeking to raise as much as KRW82.4 billion ($73.5 million) through a domestic IPO.
Deal focus: Autoplus primed as industry consolidator
Autoplus is the only independent player of the three groups that dominate used car sales in South Korea. Having bought the business for $97 million, VIG Partners expects the company to strengthen its grip on the market
VIG buys Korean used car retailer for $97m
VIG Partners has agreed to acquire 100% of South Korea-based used car retailer and maintenance provider Autoplus for KRW110 billion ($97 million). The plan is to build the business into a local equivalent of CarMax, which is the leading player in the...
PE and funeral services: Untapped eternity
Increased urgency around demographic tailwinds in the funeral services space has coincided with a spate of investment activity in recent years. Private equity could be well positioned to play a leading role
Fund focus: VIG steps up for Fund III
South Korea VIG Partners closed its third fund at the hard cap of $600 million, having won over LPs with its past history and future prospects in buying and building middle-market consumer businesses
VIG reaches $600m final close on third Korea fund
VIG Partners has closed its third Korea-focused fund at $600 million, with support from new and existing investors including Korea’s National Pension Service (NPS).
GPs see the Asia risk premium narrowing - AVCJ Forum
Private equity investors still expect a risk premium in Asia, although given uncertainty in Western markets and the relative stability in Asia’s more mature economies, it is debatable how long the status quo will last, industry participants told the...
Portfolio: VIG Partners and Samyang Optics
When VIG Partners acquired Korea-based Samyang Optics, the company was a camera lens manufacturer with untapped potential. It is now looking to challenge the global elite
Deal focus: VIG sees upside in sector that will never die
Korea's ageing population means greater demand for funeral services and smaller household sizes suggest a growing need for support to pay for them. In Good Sangjo, VIG Partners believes it has a business that can capitalize on these trends
VIG secures $480m first close on third Korea fund
VIG Partners has reached a first close of $480 million on its third Korea-focused fund. The GP, which was formerly known as Vogo Investment, is expected to reach its target of $600 million by the end of the year.
VIG invests in Korean funeral services provider
VIG Partners – formerly known as Vogo Investment – has secured the first investment from its third fund with an agreement to buy a controlling stake in Good Sangjo, a Korean funeral services provider, for KRW65 billion ($58.6 million).
Q&A: VIG Partners' Jason Shin
Jason Shin, managing partner at VIG Partners, explains why GPs are gravitating towards the consumer space in Korea, and why company founders are increasingly willing to do business with private equity
Korea exits: Seller central
Foreign buyers and restless chaebols could help deliver more exit opportunities for private equity firms in Korea – provided it is the right asset, at the right price, at the right time
Korea's NPS allocates $605m to four local PE firms
South Korea’s National Pension Service (NPS) has allocated KRW700 billion ($605 million) to funds managed by domestic GPs VIG Partners, Skylake Investment, Lindemann Asia Investment and SG Private Equity.
Korea's VIG Partners buys parking management business
VIG Partners – formerly known as Vogo Investment – has agreed to buy an 83% stake in Korea-based parking management business HiParking for KRW27 billion ($23 million).
VIG set for 2.5x return as Affinity agrees to buy Burger King Korea
VIG Partners – formerly known as Vogo Investment – has agreed to sell the Burger King master franchise for Korea to Affinity Equity Partners, securing an approximately 2.5x return on its investment.