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Private Equity
sgprivatebanking.com

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Investments

7

Portfolio Exits

1

About SG Private Equity

SG Private Equity, which concluded investing in 2006, was the private investment arm of Societe Generale Group. During its time, the firm targeted growth and buyout transactions in businesses across sectors in Europe with a focus on France.

SG Private Equity Headquarter Location

17, Cours Valmy

Puteaux, 92972,

France

33 1 42 11 77 24

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Expert Collections containing SG Private Equity

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find SG Private Equity in 1 Expert Collection, including Pharma Startups.

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Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

Latest SG Private Equity News

Korea’s car-sharing platform becomes 12th unicorn following $42.5 mn injection

Sep 16, 2020

2020-09-16 South Korea’s leading car-sharing platform Socar Inc. has become the country’s 12th unicorn valued at around 1.1 trillion won after receiving a fresh round of funding worth 50 billion won ($42.5 million) from domestic private equity firm SG Private Equity. The mobility startup will join the ranks of other unicorn companies, including e-commerce platform Coupang, digital wallet operator Viva Republica, hotel platform Yanolja and fashion platform Musisa. A unicorn in this sense is a non-listed company valued at over 1 trillion won. The latest funding comes just seven months after the company fetched a combined 50 billion won from LB Private Equity and SoftBank Ventures, according to investment banking industry sources on Sept. 16. The steady flow of investments reflects high expectations for the company’s growth potential backed by its expertise in mobility platform management. The company plans to use the proceeds to aggressively expand its new businesses, which include the launch of a franchise taxi service, a designated driver service as well as an online used car sale platform. Socar first launched its car-sharing service in 2011 on Jeju Island with just 100 cars, and gained traction when Lee Jae-woong, the founder of domestic portal Daum, joined the company. In 2018, the company acquired app developer VCNC and launched Tada, a van-hailing service that enjoyed almost immediate success. However, Korean taxi drivers took a stand against Tada, prompting the Korean government to pass a law that suspended the popular service. Currently, Socar operates around 12,000 cars with over 6 million users. The company’s revenue has surged almost twentyfold from 14.6 billion won in 2014 to 256.6 billion won in 2019. By Jung-hwan Hwang and Chae-Yeon Kim

SG Private Equity Investments

7 Investments

SG Private Equity has made 7 investments. Their latest investment was in Obopay as part of their Series D on April 4, 2008.

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SG Private Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/23/2008

Series D

Obopay

$20M

Yes

1

3/16/2005

Unattributed VC - II

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$99M

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10

1/16/2004

PIPE - II

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$99M

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10

12/12/2003

Unattributed VC - III

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$99M

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10

8/21/2000

Unattributed VC

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$99M

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10

Date

4/23/2008

3/16/2005

1/16/2004

12/12/2003

8/21/2000

Round

Series D

Unattributed VC - II

PIPE - II

Unattributed VC - III

Unattributed VC

Company

Obopay

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Amount

$20M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

SG Private Equity Portfolio Exits

1 Portfolio Exit

SG Private Equity has 1 portfolio exit. Their latest portfolio exit was Ener1 on June 23, 2005.

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

6/23/2005

IPO

Date

6/23/2005

Exit

IPO

Companies

Valuation

Acquirer

Sources

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