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Private Equity
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Investments

6

Portfolio Exits

3

Funds

5

Partners & Customers

1

About IMM Private Equity

IMM Private Equity is an independent private equity firm specializing in significant minority investments and buyouts in South Korea.

IMM Private Equity Headquarter Location

5F Gangnam Finance Center 737 Yeoksam-dong, Gangnam-gu

Seoul,

South Korea

+82-2-2112-1780

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Latest IMM Private Equity News

IMM PE primes pump for Able C&C deal

Oct 21, 2021

Posted : 2021-10-21 16:56 By Lee Kyung-min IMM Private Equity (IMM PE) is accelerating efforts to bolster the corporate value of Able C&C, a Seoul-based cosmetics and household goods manufacturer, in hopes of turning the loss-reporting firm into another success story in the local mergers and acquisitions (M&As) market, following Hollys Coffee. Able C&C said Thursday that it has appointed Shin Yoo-jung as head of its brand strategy department overseeing product development, platform operation, marketing and direct-to-consumer (D2C) marketing. The private equity firm expects a performance equally stellar or even greater by the former CEO of Hollys F&B, or Hollys Coffee, who played a key role in the successful sale of the coffee franchise to KG Group in 2020 alongside the current Able CEO Kim Eugene. Kim is Shin's prodecessor at Hollys. Kim Eugene Shin's previous experience includes a variety of consumer satisfaction enhancement initiatives encompassing marketing, development, employee training and quality management. She completed post-merger integration as Hollys CEO for the 10 months after the merger, shortly before joining the cosmetics firm. Shin's 11 years of experience at Procter & Gamble, an American multinational consumer goods producer, will help map out a strategy vital to revamp the stagnant firm, thereby advancing the prospect of higher bid prices in the years to come, said industry officials. IMM PE purchased Able for about 188.2 billion won ($159.8 million) in 2017, but the corporate performance has since worsened. Able reported sales of 422.2 billion won in 2019, up from 345.5 billion won in 2018. But the figure sank to around 300 billion won last year. Operating profit swung back into the black in 2019, but regressed to a net loss of 68 billion won last year. IMM PE sold a 93.8 percent stake in Hollys to KG Group for 145 billion won in September 2020, at nearly double its initial investment of about 82 billion won. The private equity firm put up 45 billion won in 2013 and drew 37 billion won in equity financing the following year.

IMM Private Equity Investments

6 Investments

IMM Private Equity has made 6 investments. Their latest investment was in SK Lubricants as part of their Private Equity on April 4, 2021.

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IMM Private Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/29/2021

Private Equity

SK Lubricants

$987.4M

Yes

3

4/3/2018

Series C

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$99M

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10

4/25/2017

Private Equity

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$99M

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10

6/23/2016

Private Equity

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$99M

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10

7/9/2015

PIPE

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$99M

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10

Date

4/29/2021

4/3/2018

4/25/2017

6/23/2016

7/9/2015

Round

Private Equity

Series C

Private Equity

Private Equity

PIPE

Company

SK Lubricants

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Amount

$987.4M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

IMM Private Equity Portfolio Exits

3 Portfolio Exits

IMM Private Equity has 3 portfolio exits. Their latest portfolio exit was W Concept on April 04, 2021.

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

4/4/2021

Acquired

4

00/00/0000

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$991

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10

00/00/0000

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10

Date

4/4/2021

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

4

10

10

IMM Private Equity Acquisitions

6 Acquisitions

IMM Private Equity acquired 6 companies. Their latest acquisition was Pet Friends on July 21, 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

7/21/2021

Bridge

$24.68M

Acq - Fin

1

10/15/2019

Shareholder Liquidity

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$99M

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10

10/15/2019

Acquired

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$99M

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10

4/30/2019

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$991

$99M

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10

10/17/2017

Acquired Unit - Fin

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$991

$99M

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10

Date

7/21/2021

10/15/2019

10/15/2019

4/30/2019

10/17/2017

Investment Stage

Bridge

Shareholder Liquidity

Acquired

Acquired Unit - Fin

Companies

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Valuation

$991

$991

Total Funding

$24.68M

$99M

$99M

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

10

10

IMM Private Equity Fund History

5 Fund Histories

IMM Private Equity has 5 funds, including IMM Rosegold IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/25/2019

IMM Rosegold IV

Buyouts & Acquisitions

$1,300M

2

1/1/2016

IMM RoseGold III

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$99M

10

1/1/2012

IMM RoseGold II

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$99M

10

1/1/2008

IMM RoseGold I

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$99M

10

Korea Battery & ESG (KBE) Fund

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$99M

10

Closing Date

7/25/2019

1/1/2016

1/1/2012

1/1/2008

Fund

IMM Rosegold IV

IMM RoseGold III

IMM RoseGold II

IMM RoseGold I

Korea Battery & ESG (KBE) Fund

Fund Type

Buyouts & Acquisitions

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Status

Amount

$1,300M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

IMM Private Equity Partners & Customers

1 Partners and customers

IMM Private Equity has 1 strategic partners and customers. IMM Private Equity recently partnered with eFront on January 1, 2013.

IMM Private Equity Team

4 Team Members

IMM Private Equity has 4 team members, including current Chief Executive Officer, Timothy D Chang.

Name

Work History

Title

Status

Timothy D Chang

Chief Executive Officer

Current

In-jun Song

Chief Executive Officer

Current

Kwan Lee

Senior Managing Director

Current

Sung-bae Ji

Senior Partner

Current

Name

Timothy D Chang

In-jun Song

Kwan Lee

Sung-bae Ji

Work History

Title

Chief Executive Officer

Chief Executive Officer

Senior Managing Director

Senior Partner

Status

Current

Current

Current

Current

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