Investment Summary

Hyundai Commercial Invests In Hyundai Card

On August 18, 2021, Hyundai Commercial invested in financial services company Hyundai Card from Affinity Equity Partners

Investment Highlights
  • This is Hyundai Commercial’s 1st transaction in the Financial Services sector.
  • This is Hyundai Commercial’s 1st transaction in South Korea.

Investment Summary

Date 2021-08-18
Target Hyundai Card
Sector Financial Services
Investor(s) Hyundai Commercial
Sellers(s) Affinity Equity Partners
Deal Type Stake Purchase

Target

Hyundai Card

Seoul, South Korea
Hyundai Card provides credit card services in South Korea. Hyundai Card is based in Seoul, South Korea.

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Investor(S) 1

Investor

Hyundai Commercial

Seoul, South Korea

Category Company
Founded 2007
Sector Financial Services
DESCRIPTION

Hyundai Commercial is a provider of commercial vehicle and corporate financing services. Hyundai Commercial provides equipment financing such as machinery for business, as well as working capital loans, real estate, and vessels financing and structured financing. Hyundai Commercial was founded in 2007 and is based in Seoul, South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

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 22 of 24
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: South Korea M&A 10 of 10
Year: 2021 M&A 1 of 1
PREVIOUS 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Towngas Smart Energy

Hong Kong, China

Towngas Smart Energy engages in sales and distribution of piped gas, including the provision of piped gas, construction of gas pipelines, operation of the city gas pipeline network, the operation of gas fuel automobile refilling stations, and the sale of gas household appliances. Towngas Smart Energy was founded in 1998 and is based in Hong Kong, China.

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