Divestiture • Business Services

Affinity Equity Partners Acquires Serveone

On March 1, 2019, private equity firm Affinity Equity Partners acquired business services company Serveone from S&I Corp

Acquisition Context
  • This is Affinity Equity Partners’ 4th transaction in the Business Services sector.
  • This is Affinity Equity Partners’ 16th transaction in South Korea.

Explore All 1208 Divestiture Business Services Deals - Search the Database Free


M&A Deal Summary

Date March 1, 2019
Target Serveone
Sector Business Services
Buyer(s) Affinity Equity Partners
Sellers(s) S&I Corp
Deal Type Divestiture

Target Company

Serveone

Seoul, South Korea
Serveone is a strategic purchasing management business that purchases and manages consumable materials with high administrative purchasing costs based on online and IT solutions for client's businesses to provide cost reduction and enhance efficiency and transparency through one-stop purchasing solutions. Serveone is based in Seoul, South Korea.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 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 Context for Buyer #
Overall 37 of 46
Sector: Business Services 4 of 5
Type: Divestiture 5 of 6
Country: South Korea 16 of 19
Year: 2019 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 SSG.com

Seoul, South Korea

SSG.com is an e-commerce platform that offers apparel, accessories, footwear, digital and food products. SSG.com is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Leong Hup International

Kuala Lumpur, Malaysia

Leong Hup International is a feed and poultry producer. Leong Hup International was founded in 1978 and is based in Kuala Lumpur, Malaysia.

Sell -

Seller Profile 1

SELLER

S&I Corp

Seoul, South Korea

Category Company
Sector Business Services
DESCRIPTION

S&I Corp. is a total space solution company that offers a better future space to clients in construction, FM, leisure, and various other fields. With unrivaled expertise and technological capacity in-space construction, S&I Corporation supports the business success of its corporate clients and offers distinctly new and enjoyable time to its individual clients. S&I Corp is based in Seoul, South Korea.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
Country: South Korea 1 of 1
Year: 2019 1 of 1