M&A Deal Summary

VIG Partners Acquires Kundal

On May 13, 2021, private equity firm VIG Partners acquired e-commerce company Kundal

Acquisition Highlights
  • This is VIG Partners’ 1st transaction in the E-Commerce sector.
  • This is VIG Partners’ 17th transaction in South Korea.

M&A Deal Summary

Date 2021-05-13
Target Kundal
Sector E-Commerce
Buyer(s) VIG Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Kundal

Seoul, South Korea
Kundal is a household and personal care company that sells hair and body care products through e-commerce platforms. Kundal was founded in 2016 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

VIG Partners

Seoul, South Korea

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Vogo Investment is a Korean buyout fund focused on control and significant minority equity investments in a broad range of Korean companies. The Firm generally targets transactions requiring equity of $50 to $300 million and works closely with management to streamline operations and locate growth opportunities. Broad areas of interest include consumer products, financial services, electronics, mobile commerce, and insurance. VIG Partners was formerly known as Vogo Investment Group. VIG was formed in 2005 and is based in Seoul.


DEAL STATS #
Overall 17 of 21
Sector (E-Commerce) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 14 of 18
Country (South Korea) 17 of 21
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 D.Share

Seoul, South Korea

D.Share is an online + offline education platform, which offers English education service to middle + high school students nationwide through its carefully-tailored online courses and its 1:1 management tutors in 83 nationwide offline branches. D.Share was founded in 2011 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Bioenergy Farm Asan

Chungnam, South Korea

Bioenergy Farm Asan is a waste-to-energy facility operator capable of processing liquidized food waste and livestock waste and converting them into electricity, compressed biogas and liquid and solid fertilizers. Bioenergy Farm Asan is based in Chungnam, South Korea.

Buy $100M