Investments
3Portfolio Exits
2Funds
7Latest JKL Partners News
Mar 17, 2021
| A promotional photo of a T'way Air's aircraft. (T'way Air) South Korea’s private equity firm JKL Partners is poised to inject 80 billion won ($70.7 million) in Korean low-cost air carrier T‘way Air in April, a filing showed Wednesday. JKL Partners was offered the opportunity to buy some 31.8 million convertible preferred shares in T’way’s capital increase, so that T’way Air can use its proceeds to pay the cost of airplane lease and maintenance. The securities offering plan to the third-party investor gained board approval Tuesday. Each preferred share is convertible to one common stock of T‘way, currently priced at 2,512 won apiece. The deal term prevents JKL from withdrawing its investment for at least a year. The deal awaits approval at the T’way shareholders meeting scheduled for March 31. The news comes a few months after T‘way managed to raise 66.8 billion won from shareholders in November. T’way is indirectly controlled by book publisher YeaRimDang Publishing. T‘way is among the nation’s cash-strapped low-cost carriers opting to increase capital through securities offerings instead of debt financing, as COVID-19 travel restrictions are dealing a blow to the aviation sector. T‘way recorded an operating loss of 174.3 billion won in 2020, up 805.9 percent on-year. JKL Partners, founded in 2001, has been dedicated to private equity investing strategies such as buyouts and growth capital. Its portfolio ranges from Lotte Non-Life Insurance to game publisher Krafton and cloud services provider Megazone Cloud. JKL became another of the local firms betting on a post-pandemic recovery in the aviation industry. Earlier this month, private equity firm JC Partners proposed to buy a controlling stake in fledgling hybrid air carrier Air Premia. By Son Ji-hyoung ( consnow@heraldcorp.com )
JKL Partners Investments
3 Investments
JKL Partners has made 3 investments. Their latest investment was in MEGAZONE as part of their Series B on December 12, 2020.
JKL Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/3/2020 | Series B | MEGAZONE | $122M | Yes | ATP Investment, BNK Securities, Hyundai Venture Investment Corporation, Kakao Investment, KB Investment, KB Securities, Korea Development Bank, Korea Investment Partners, kt investment, MIDAS Private Equity, NAU IB Capital, Nonghyup Bank, Samsung Securities, Stonebridge Ventures, Timewise Investment, and Undisclosed Investors | 9 |
11/29/2018 | Series B | |||||
7/27/2016 | Private Equity |
Date | 12/3/2020 | 11/29/2018 | 7/27/2016 |
---|---|---|---|
Round | Series B | Series B | Private Equity |
Company | MEGAZONE | ||
Amount | $122M | ||
New? | Yes | ||
Co-Investors | ATP Investment, BNK Securities, Hyundai Venture Investment Corporation, Kakao Investment, KB Investment, KB Securities, Korea Development Bank, Korea Investment Partners, kt investment, MIDAS Private Equity, NAU IB Capital, Nonghyup Bank, Samsung Securities, Stonebridge Ventures, Timewise Investment, and Undisclosed Investors | ||
Sources | 9 |
JKL Partners Portfolio Exits
2 Portfolio Exits
JKL Partners has 2 portfolio exits. Their latest portfolio exit was Good Choice Company on August 19, 2019.
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 |
---|---|---|---|---|---|
8/19/2019 | Acq - Fin | 4 | |||
Date | 8/19/2019 | |
---|---|---|
Exit | Acq - Fin | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 4 |
JKL Partners Acquisitions
2 Acquisitions
JKL Partners acquired 2 companies. Their latest acquisition was GS ITM on December 12, 2018.
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 |
---|---|---|---|---|---|---|
12/12/2018 | Acquired Unit - Fin | 1 | ||||
11/30/2010 |
Date | 12/12/2018 | 11/30/2010 |
---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired Unit - Fin | |
Sources | 1 |
JKL Partners Fund History
7 Fund Histories
JKL Partners has 7 funds, including JKL-QI 2013-1.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
6/26/2013 | JKL-QI 2013-1 | Diversified Private Equity | Closed | $52.56M | 1 |
6/25/2012 | JKL Growth Champ 2011-1 PEF | ||||
4/10/2012 | JKL 4th PEF | ||||
11/17/2010 | KDBC-JKL 2nd PEF | ||||
10/28/2009 | KDBC-JKL |
Closing Date | 6/26/2013 | 6/25/2012 | 4/10/2012 | 11/17/2010 | 10/28/2009 |
---|---|---|---|---|---|
Fund | JKL-QI 2013-1 | JKL Growth Champ 2011-1 PEF | JKL 4th PEF | KDBC-JKL 2nd PEF | KDBC-JKL |
Fund Type | Diversified Private Equity | ||||
Status | Closed | ||||
Amount | $52.56M | ||||
Sources | 1 |
JKL Partners Team
5 Team Members
JKL Partners has 5 team members, including current Chief Executive Officer, Jang-Geun Jung.
Name | Work History | Title | Status |
---|---|---|---|
Jang-Geun Jung | Chief Executive Officer | Current | |
Dae-Kwang Chae | Managing Director | Current | |
Min-Kyun Kang | Managing Director | Current | |
Eun-Sang Lee | Managing Director | Current | |
Dong Chul Shin | Managing Director | Current |
Name | Jang-Geun Jung | Dae-Kwang Chae | Min-Kyun Kang | Eun-Sang Lee | Dong Chul Shin |
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | Managing Director | Managing Director | Managing Director | Managing Director |
Status | Current | Current | Current | Current | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.