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South Korea: Five largest Private Equity/Venture Financing deals by value in the Technology, Media and Telecom sector driven by ECommerce (LTM June 2022)

  • A total of 58 Private Equity/Venture Financing deals (pending and completed) were announced in the Technology, Media and Telecom of South Korea, driven by ECommerce, in the last twelve months resulting in a total deal value of over $2,274.2 million. In the LTM period, January 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $606.8 million, resulting in an average deal value of $75.8 million during that month. On the other hand, the month of October 2021 was the most prolific in terms of deal volume, recording a total of 9 deals, resulting in an average deal value of $19.1 million during that month.

  • Of the 58 deals, the deal secured between MBK Partners Ltd and Koreacenter Co Ltd, was the largest Private Equity/Venture Financing deal in the South Korea Technology, Media and Telecom sector driven by ECommerce, which was valued at $413.0 million and was completed on January 17, 2022. The second-largest deal was between Affinity Equity Partners (S) Pte, Ltd.; BRV Capital Management and Ssg.Com Corp., while the third-largest deal was between Anchor Equity Partners (Asia) Limited and Curly Co Ltd. The Affinity Equity Partners (S) Pte, Ltd.; BRV Capital Management-Ssg.Com Corp. deal and the Anchor Equity Partners (Asia) Limited-Curly Co Ltd deal were valued at $252.0 million and $209.2 million, respectively. The fourth-largest deal was between CJ Korea Express; DST Global; Hillhouse Capital Group; Sequoia Capital China; SPEX Management-Curly Co Ltd valued at $196.1 million, whereas the deal between Altos Ventures; Aspecs Management; Capstone Partners Korea; Goodwater Capital, LLC; Kakao Ventures; Softbank Ventures Korea Inc; Strong Ventures, LLC-Carrot Market valued at $154.8 million was the fifth-largest deal.

  • Cumulatively, the top five deals amounted to $1,225.1 million and accounted for nearly 53.87% of the total deals (by value) announced during the last twelve months.

South Korea: Five largest Private Equity/Venture Financing deals by value in the Technology, Media and Telecom sector driven by ECommerce (LTM June 2022)

Published: June 2022
Source: GlobalData

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