Add-on Acquisition • Apparel/Textiles

JS Acquires Yakjin Trading

On August 21, 2020, JS acquired apparel/textiles company Yakjin Trading from The Carlyle Group

Acquisition Context
  • This is JS’s 1st transaction in the Apparel/Textiles sector.
  • This is JS’s 1st transaction in South Korea.

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M&A Deal Summary

Date August 21, 2020
Target Yakjin Trading
Sector Apparel/Textiles
Buyer(s) JS
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target Company

Yakjin Trading

Seoul, South Korea
Yakjin Trading is a large garment OEM company in Korea, with manufacturing facilities in Vietnam, Indonesia and Cambodia. Yakjin has a strong customer base with large multi-national fashion retailers including GAP, L Brands, American Eagle and Walmart.
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Buyer Overview 1

Buyer

JS

Seoul, South Korea

Category Company
Founded 1985
Sector Consumer Products
Employees96
Revenue 1.12T KRW (2024)
DESCRIPTION

JS makes handbags for luxury brands such as Burberry, Coach, DKNY, Guess, Kate Spade, Michael Kors, and Ralph Lauren. JS was founded in 1985 and is headquartered in Seoul, South Korea.


Deal Context for Buyer #
Overall 1 of 1
Sector: Apparel/Textiles 1 of 1
Type: Add-on Acquisition 1 of 1
Country: South Korea 1 of 1
Year: 2020 1 of 1

Seller Profile 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Seller #
Overall 401 of 490
Sector: Apparel/Textiles 6 of 7
Type: Add-on Acquisition 173 of 203
Country: South Korea 6 of 7
Year: 2020 19 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 Phrase

Prague, Czech Republic

Phrase helps global companies translate efficiently and supports 500+ languages, 50+ file types, and 30+ machine translation engines. Phrase enables its customers to increase translation quality while reducing costs using its patented, state-of-the-art AI technology. Phrase is based in Prague, Czech Republic.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Salubris Pharmaceuticals

Shenzhen, China

Salubris Pharmaceuticals is a comprehensive pharmaceutical company that integrates pharmaceutical products research and development, production and business sales. Salubris Pharmaceuticals was founded in 1998 and headquartered in Shenzhen, China.

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