M&A Deal Summary

Affinity Equity Partners Acquires Jobkorea

On March 4, 2021, private equity firm Affinity Equity Partners acquired staffing company Jobkorea from H&Q Asia Pacific

Acquisition Highlights
  • This is Affinity Equity Partners’ 1st transaction in the Staffing sector.
  • This is Affinity Equity Partners’ 18th transaction in South Korea.

M&A Deal Summary

Date 2021-03-04
Target Jobkorea
Sector Staffing
Buyer(s) Affinity Equity Partners
Sellers(s) H&Q Asia Pacific
Deal Type Secondary Buyout

Target

Jobkorea

Seoul, South Korea
Jobkorea is a major online job portal service provider with a dominant market position with high profitability. The company's online job portal connects employers with job seekers at all levels and provides personalized career advice to its registered users. Jobkorea was established in 1996 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.


DEAL STATS #
Overall 42 of 46
Sector: Staffing M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: South Korea M&A 18 of 19
Year: 2021 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Plaza Premium Group

Hong Kong, China

Plaza Premium Group is a provider of airport hospitality solutions to leading airlines, alliances, and corporates around the world. Plaza Premium Group help and craft services and facilities in over 200 locations in more than 60 international airports across the world. Plaza Premium Group was founded in 1998 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 M-DAQ

Singapore, Singapore

M-DAQ is a FinTech enterprise SaaS company that provides specialized technology-enabled financial services to enterprise customers and other downstream FinTechs. M-DAQ was founded in 2010 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

H&Q Asia Pacific

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

H and Q Asia Pacific (H&QAP) is a private equity firm focused on later-stage control investments and earlier-stage venture capital investments across the Pacific Rim. Areas of interest include technology, technology manufacturing, consumer brands, and financial services. The Group was originally formed in 1985 as a division of US investment bank Hambrecht & Quist and is now an independent organization. H&Q Asia Pacific has offices in Palo Alto, California; Hong Kong; Manila; Shanghai; Taipei; and Tokyo.


DEAL STATS #
Overall 22 of 26
Sector: Staffing M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: South Korea M&A 3 of 4
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-02 Huizuche

Shanghai, China

Huizuche is a service platform providing customized car rental and private car services for Chinese outbound travelers in more than 200 countries, covering 5,000 international cities by partnering with 320 major car rental companies. Huizuche was founded in 2014 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Optovue

Fremont, California, United States

Optovue is an ophthalmic device company dedicated to working with eye care professionals and clinical researchers to lead the commercialization of new imaging modalities that improve diagnosis and therapy of ocular disease. Optovue is based in Fremont, California.

Sell -