VIG Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, VIG Partners has acquired 5 companies.

VIG Partners’ most common sectors for investment arebuilding materials (10%) and environmental (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (86%) and stake purchase (10%). Its largest (disclosed) acquisition occurred in 2007 when it acquired Siltron for $761M.

In the last 3 years, VIG Partners has exited 2 companies. The Firm’s most common exit type is trade sale (25%). VIG Partners’ largest (disclosed) exit occurred in 2022 when it sold Bodyfriend for $354M.

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M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity21
    • M&A Sell Activity8
  • Total Sectors Invested 18
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

VIG Partners

VIG Partners

16F AIA Tower, 16, Tongil-ro 2-Gil, Jung-gu,
Seoul, 100-130
South Korea
822-3788-0700
www.vigpartners.com
contact@vigpartners.com

Vogo Investment is a Korean buyout fund focused on control and significant minority equity investments in a broad range of Korean companies. The Firm generally targets transactions requiring equity of $50 to $300 million and works closely with management to streamline operations and locate growth opportunities. Broad areas of interest include consumer products, financial services, electronics, mobile commerce, and insurance. VIG Partners was formerly known as Vogo Investment Group. VIG was formed in 2005 and is based in Seoul.


Investment Criteria

Sectors of Interest: Airlines, Apparel/Textiles, Beverages, Building Materials, Consumer Products, Consumer Services, E-Commerce, Education, Electronics, Environmental, Financial Services, Franchising, Insurance, Internet Software and Services, Retail, Semiconductors

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Secondary Buyout, Stake Purchase

Geographic Preferences: Asia/Pacific

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 50 300
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 16 - 2 1 1 1 21
vol $819M $100M $30M $51M $999M
Sell (0.4/yr) # 6 - - 2 - - 8
vol $354M $354M
  29

Most Recent M&A

Company Date Value Type
Daewon Green Bio 2024-07-01 51M KRW Buyout (LBO, MBO, MBI)
North Chungcheong, South Korea
Eastar Jet 2023-01-06 30M KRW Buyout (LBO, MBO, MBI)
Seoul, South Korea · www.eastarjet.com
Bodyfriend 2022-07-28 354M KRW Secondary Sale
Seoul, South Korea · www.bodyfriend.com
Star Vision Co. Ltd. 2022-06-01 - Stake Sale
Seoul, South Korea · www.o-lens.com
Teazen 2022-04-26 - Buyout (LBO, MBO, MBI)
Seoul, South Korea · www.teazen.co.kr
Bioenergy Farm Asan 2021-08-31 100M USD Buyout (LBO, MBO, MBI)
Chungnam, South Korea
The Skin Factory 2021-05-13 - Buyout (LBO, MBO, MBI)
Seoul, South Korea · www.kundal-en.com
D.Share Co. Ltd. 2019-11-01 - Buyout (LBO, MBO, MBI)
Seoul, South Korea · www.dshare.co.kr
Bonchon 2018-12-01 - Buyout (LBO, MBO, MBI)
Busan, South Korea · www.bonchon.com
Summerce Platform 2018-06-08 - Trade Sale
Seoul, South Korea · www.enuri.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Siltron, Inc. 2007-12-17 DuPont Electronics & Imaging - Compound Semiconductor Solutions 2019-09-10 1
Gumi, South Korea · www.siltron.co.kr , Delaware

M&A by Sector

Sector Current # Value All-time # Value
Environmental 2 (15%) 151M (16%) 2 (10%) 151M (15%)
Building Materials 1 (8%) - 2 (10%) -
Retail 1 (8%) - 2 (10%) -
Semiconductors 1 (8%) 761M (81%) 1 (5%) 761M (76%)
Manufacturing - - 1 (5%) 58M (6%)
Airlines 1 (8%) 30M (3%) 1 (5%) 30M (3%)
Apparel/Textiles 1 (8%) - 1 (5%) -
Beverages 1 (8%) - 1 (5%) -
Consumer Products 1 (8%) - 1 (5%) -
Consumer Services 1 (8%) - 1 (5%) -
E-Commerce 1 (8%) - 1 (5%) -
Education 1 (8%) - 1 (5%) -
Electronics - - 1 (5%) -
Financial Services - - 1 (5%) -
Franchising 1 (8%) - 1 (5%) -
Furniture - - 1 (5%) -
Insurance - - 1 (5%) -
Internet Software and Services - - 1 (5%) -
Total 13 $942M 21 $999M

Acquisitions By Geo

State/Country Current # Value All-time # Value
South Korea 13 (100%) 942M (100%) 21 (100%) 999M (100%)
Total 13 $942M 21 $999M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 13 (100%) 942M (100%) 18 (86%) 942M (94%)
Stake Purchase - - 2 (10%) -
Divestiture - - 1 (5%) 58M (6%)
Total 13 $942M 21 $999M

Exits by Deal Type

Type Total # Value
Trade Sale 3 (38%) -
Secondary Sale 2 (25%) 354M (100%)
IPO 2 (25%) -
Stake Sale 1 (13%) -
Total 8 $354M

Top M&A Advisors

Financial Deals
Daiwa Corporate Advisory Ltd. (DC Advisory)
 1
Legal Deals
Kim & Chang
 2

Deal Values

buy # Total
$100M to $1B 1 $761M
< $100M 4 $238M
TOTAL $999M
Largest Siltron, Inc.
$761M (2007-12-17)
sell # Total
$100M to $1B 1 $354M
TOTAL $354M
Largest Bodyfriend
$354M (2022-07-28)

M&A Connections

Deals
Acquired from
Strategic(s)
5%
1 (5%)
Exited to
Investor(s)
25%
2 (25%)
Strategic(s)
25%
2 (25%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

3.0B USD

Established

2005

Specialist/Generalist

Generalist

Leadership

Chulmin Lee

Co-Founder & Managing Partner

J. Jason Shin

Co-Founder & Managing Partner

Songwook An

Co-Founder & Managing Partner

Changhoon Shin

Founding Member & Senior Executive Director

Byungmoo Park

Managing Partner

FAQ

When was VIG Partners founded?

VIG Partners was founded in 2005.

What type of investor is VIG Partners?

VIG Partners is a private equity firm.

Where is VIG Partners headquartered?

VIG Partners is headquartered in Seoul, South Korea.

How much capital does VIG Partners have under management?

VIG Partners has 3.0B USD under management.

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