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Investments

1

Portfolio Exits

1

Funds

6

About Hahn & Company

Hahn & Company (한앤코) is a South Korea-focused private equity investment firm focused on making corporate acquisitions and investments in South Korea.

Hahn & Company Headquarter Location

21F Ferrum Tower 19 Eulji-ro 5-gil, Jung-gu

Seoul, 100-210,

South Korea

822-6353-7900

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Latest Hahn & Company News

VIG challenges Hahn & Co. in used-car business

Nov 5, 2020

Intellasia East Asia News 05-Nov-2020 Intellasia | KoreaTimes | 6:02 AM VIG Partners has begun to speed up efforts to keep up with Hahn & Company (Hahn & Co.) in the nation’s used-car trading platform market which is likely to face intensifying competition after Hyundai Motor and SK hinted they may enter the sector. The fierce rivalry between the two domestic private equity firms (PEFs) is considered to have resulted from their ongoing attempts to enhance the value of their portfolio companies, intended for smoother exits in the future. According to a recent regulatory filing by AJ Networks, AutoPlus was selected as the preferred bidder to buy a 77.29 percent stake in AJ Sellcar, the third-largest used-car trading platform here. The sale price was estimated at below 100 billion won ($88 million). AutoPlus is the second-largest platform, which VIG acquired in 2017 for 60 billion won ($52 million). It is expected to pursue an expansion using the AJ Sellcar Auction in Anseong, Gyeonggi Province. Market observers are paying attention to the PEF’s latest decision, wondering whether this can serve as a new variable in the domestic second-hand car trading platform market. The local market has long been dominated by K Car which changed its name from SK Encar after Hahn & Co. bought it in 2017 for 205 billion won. Hahn & Co. has continued to enhance the value of K Car through “bolt-on” acquisitions which refer to the acquisition of smaller companies, usually in the same line of business. In 2018, the buyout firm acquired Joy Rent a Car from CJ for about 50 billion won to use K Car’s second-hand cars as rent-a-cars. It also entered the used-car finance market that year by setting up K Car Capital. Based on these moves, K Car became the nation’s first used-car trading platform operator to post more than 1 trillion won in annual sales last year. After Hyundai Motor announced it would start a used-car business during a National Assembly audit last month, however, concerns have arisen that the PEFs may face difficulties in retrieving their investments in such businesses due to a possible decline in profits. Moreover, SK can also reenter the market because Socar is considering selling second-hand cars. SK is the ride-hailing service firm’s second-largest shareholder owning a 23.87 percent stake. Some analyst say the PEFs may try to sell their used-car businesses to the conglomerates after increasing their value, rather than engaging in a cutthroat competition with the larger companies.

Hahn & Company Investments

1 Investments

Hahn & Company has made 1 investments. Their latest investment was in Hanjin Shipping's Bulk Division as part of their Private Equity on December 12, 2013.

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Hahn & Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/19/2013

Private Equity

Hanjin Shipping's Bulk Division

Yes

1

Date

12/19/2013

Round

Private Equity

Company

Hanjin Shipping's Bulk Division

Amount

New?

Yes

Co-Investors

Sources

1

Hahn & Company Portfolio Exits

1 Portfolio Exit

Hahn & Company has 1 portfolio exit. Their latest portfolio exit was Cowell Optic Electronics on March 31, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/31/2015

IPO

1

Date

3/31/2015

Exit

IPO

Companies

Valuation

Acquirer

Sources

1

Hahn & Company Acquisitions

9 Acquisitions

Hahn & Company acquired 9 companies. Their latest acquisition was Namyang Dairy Products on May 28, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/28/2021

Acq - Pending

2

5/26/2020

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$99M

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10

2/6/2020

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$991

$99M

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10

10/8/2018

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$991

$99M

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10

12/17/2014

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$991

$99M

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10

Date

5/28/2021

5/26/2020

2/6/2020

10/8/2018

12/17/2014

Investment Stage

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Acq - Pending

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Sources

2

10

10

10

10

Hahn & Company Fund History

6 Fund Histories

Hahn & Company has 6 funds, including Hahn & Co III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/1/2019

Hahn & Co III

Buyouts & Acquisitions

$2,700M

4

10/1/2019

Hahn & Co III-S L.P.

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$99M

10

2/4/2015

Hahn & Co. II LP

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$99M

10

8/2/2011

Hahn & Company I

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$99M

10

HCPE II

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$99M

10

Closing Date

10/1/2019

10/1/2019

2/4/2015

8/2/2011

Fund

Hahn & Co III

Hahn & Co III-S L.P.

Hahn & Co. II LP

Hahn & Company I

HCPE II

Fund Type

Buyouts & Acquisitions

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Status

Amount

$2,700M

$99M

$99M

$99M

$99M

Sources

4

10

10

10

10

Hahn & Company Team

3 Team Members

Hahn & Company has 3 team members, including current Managing Director, Jae Min Kim.

Name

Work History

Title

Status

Scott Hahn

Founder

Current

Jae Min Kim

Managing Director

Current

Dong-Chun Lee

Managing Director

Current

Name

Scott Hahn

Jae Min Kim

Dong-Chun Lee

Work History

Title

Founder

Managing Director

Managing Director

Status

Current

Current

Current

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