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vigpartners.com

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Investments

3

Portfolio Exits

3

Funds

4

About VIG Partners

VIG Partners is a private equity firm focusing on mid-market buyouts in the financial services, consumer goods, online and mobile commerce, and household appliances sectors.

VIG Partners Headquarter Location

16th Fl. AIA Tower 16 Tongil-ro 2-gil, Jung-gu

Seoul, 04511,

South Korea

+82 2 -3788-0700

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Latest VIG Partners News

VIG Partners acquires hair & body care firm

May 14, 2021

| Hair & body care products under Kundal brand (VIG Partners) South Korea’s buyout fund VIG Partners said Friday it had taken over a 100 percent stake in Seoul-based hair & body care product maker The Skin Factory, known for its flagship brand Kundal, for roughly over 150 billion won ($132.7 million). VIG Partners, overseeing 3.8 trillion won in assets, said it had named Roh Hyun-jun, senior director of overseas and export business at personal care manufacturer Yuhan-Kimberly, as the portfolio company’s new chief executive officer. The Skin Factory has some 170 products in 23 categories under the Kundal brand, including shampoo, hair treatments, essential oils, body wash and derma care products. Before the acquisition, The Skin Factory had striven to expand its online presence for growth, VIG said. The firm generated 95 percent of its domestic gross merchandise value through online sales channels in 2020. Also, Kundal products are reaching out to customers in Singapore, Malaysia and five other overseas countries via e-commerce apps such as Shopee and Lazada. The acquisition was made through VIG’s fourth flagship buyout fund VIG Partners Fund IV, which closed in 2019 at $850 million. The Skin Factory is the third acquisition under the umbrella of VIG Partners Fund IV, after edtech startup D.share and funeral services firm Preedlife. By Son Ji-hyoung ( consnow@heraldcorp.com )

VIG Partners Investments

3 Investments

VIG Partners has made 3 investments. Their latest investment was in STARVISION as part of their Private Equity on June 6, 2018.

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VIG Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/5/2018

Private Equity

STARVISION

$128.45M

Yes

3

12/1/2006

Growth Equity

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$99M

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10

5/1/2006

Growth Equity

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$99M

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10

Date

6/5/2018

12/1/2006

5/1/2006

Round

Private Equity

Growth Equity

Growth Equity

Company

STARVISION

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Amount

$128.45M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

VIG Partners Portfolio Exits

3 Portfolio Exits

VIG Partners has 3 portfolio exits. Their latest portfolio exit was BonChon on November 26, 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

11/26/2019

Acquired

1

00/00/0000

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10

00/00/0000

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10

Date

11/26/2019

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

1

10

10

VIG Partners Acquisitions

11 Acquisitions

VIG Partners acquired 11 companies. Their latest acquisition was The Skin Factory on May 14, 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

5/14/2021

$991

Acq - Fin

1

10/3/2019

Series A

$2.34M

Acq - Fin

1

11/29/2018

Acq - Fin

Acq - Fin

3

2/20/2018

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$991

$99M

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10

1/3/2018

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$99M

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10

Date

5/14/2021

10/3/2019

11/29/2018

2/20/2018

1/3/2018

Investment Stage

Series A

Acq - Fin

Companies

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Valuation

$991

$991

Total Funding

$2.34M

$99M

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

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Sources

1

1

3

10

10

VIG Partners Fund History

4 Fund Histories

VIG Partners has 4 funds, including VIG Partners Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/6/2020

VIG Partners Fund IV

Buyouts & Acquisitions

$810M

3

2/13/2017

VIG Partners Fund III

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$99M

10

12/11/2013

Vogo Investment Fund II

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$99M

10

12/31/2005

Korea Global Fund LP

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$99M

10

Closing Date

1/6/2020

2/13/2017

12/11/2013

12/31/2005

Fund

VIG Partners Fund IV

VIG Partners Fund III

Vogo Investment Fund II

Korea Global Fund LP

Fund Type

Buyouts & Acquisitions

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Status

Amount

$810M

$99M

$99M

$99M

Sources

3

10

10

10

VIG Partners Team

3 Team Members

VIG Partners has 3 team members, including current Managing Partner, Jae Woo Lee.

Name

Work History

Title

Status

Jae Woo Lee

Managing Partner

Current

Byung Moo Park

Managing Partner

Current

J. Jason Shin

Managing Partner

Current

Name

Jae Woo Lee

Byung Moo Park

J. Jason Shin

Work History

Title

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

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