Investment Summary

Standard Chartered Private Equity Invests In AJ Networks

On June 20, 2014, Standard Chartered Private Equity invested in business services company AJ Networks

Investment Highlights
  • This is Standard Chartered Private Equity’s 2nd transaction in the Business Services sector.
  • This is Standard Chartered Private Equity’s 1st transaction in South Korea.

Investment Summary

Date 2014-06-20
Target AJ Networks
Sector Business Services
Investor(s) Standard Chartered Private Equity
Deal Type Growth Capital

Target

AJ Networks

Seoul, South Korea
AJ Networks is an equipment rental service provider in Korea. The company offers a broad range of rental products including office IT equipment, pallets, aerial lifts and construction equipment. AJ Networks is the largest shareholder of the KOSPI-listed AJ Rent A Car, Korea’s second largest car rental business. AJ Networks was formed in 2000 and is based in Seoul, South Korea.

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Investor(S) 1

DESCRIPTION

Standard Chartered Principal Finance (SCPF) is the alternative asset investment arm of international bank Standard Chartered. SCPF is split into four segments. These include Corporate Private Equity, Real Estate, Infrastructure, and Alternative Investments. SCPF's Corporate Private Equity Group invests across a range of mid to late stage companies in a variety of sectors throughout the Middle East, Asia, and Africa. The Group looks for businesses with motivated management, sustainable business models, and a track record of strong cash-flows. The segment seeks to invest $25 to $100 million to fund expansion needs or management buyouts. SCPF's Real Estate Group targets real estate opportunities in Asia, Africa and the Middle East, with a primary focus on China, India, Singapore, Hong Kong, Korea and Taiwan. The Real Estate Group will consider equity or mezzanine investments in existing assets, as well as development projects and corporate level investments in real estate owners or developers. SCPF's Infrastructure unit focuses on Chinese or Indian assets across transportation, energy, power, water, environment, telecom and urban infrastructure. SCPF's Alternative Investments practice targets distressed and high-yield opportunities. Standard Chartered Principal Finance is based in Singapore, with additional offices around the world.


DEAL STATS #
Overall 8 of 14
Sector (Business Services) 2 of 2
Type (Growth Capital) 5 of 7
Country (South Korea) 1 of 1
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-14 Choppies

Gaborone, Botswana

Choppies is an operator of more than 100 supermarkets and hyperstores, employing more than 10,000 people, in Botswana, South Africa, and Zimbabwe. The Company has grown from a single outlet back in 1986, to become the largest retailer and largest private-sector employer in Botswana. Festus Mogae, the former President of Botswana, is the Chairman of the Choppies Board of Directors. Choppies was founded in 1986 and is based in Gaborone, Botswana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-10 Longfor Group Holdings

Beijing, China

Longfor Group Holdings is an investment holding company, engaged in property development, property investment, and property management businesses. Longfor Group Holdings was founded in 1993 and is based in Beijing, China.

Buy -