STIC Investments

Last updated
STIC Investments, Inc.
Company typePrivate
Industry Private Equity
FoundedJuly 1999 (1999-07)
FounderY.H. Do
Headquarters
Seoul
,
South Korea
Number of locations
7 offices (2012)
Key people
AUM Increase2.svg US$6.7  billion (2024)
Number of employees
70
Website sticinvestments.com

STIC Investments Inc. is an international venture capital and private equity fund management firm. [1] [2] [3] It was founded in July 1999. [1] [2] [4] As of early 2024, STIC Investments had AUM of US$6.7 billion. [5]

Contents

STIC Investments is headquartered in Seoul, South Korea, has offices in Busan, Hong Kong, Ho Chi Minh City, Shanghai, and Taipei, and employs 70 people. [1] [4] [5] [6] [7]

Investment Areas

STIC Investments engages in growth capital investments, buyouts, and secondary market transactions pertaining to mid-cap companies. [2] In early 2013, STIC Investments indicated its intention to become active in the area of mergers and acquisitions of large corporations. [3]

STIC Investments establishes off-shore structured vehicles targeted at international investors, and is one of a small number of Asia-based firms that manage Shariah-compliant private equity funds, having targeted this group of investors since 2004. [8]

STIC Investments has invested in over 300 companies to date, [4] mostly in technology-enabled manufacturing industries including the TMT (Technology, media, telecommunications), health care, biotechnology, clean technology, automotive, and shipbuilding / offshore plant industries. [2]

Notable Investments

Exited

STIC Investments paid 10 billion won (US$8.54 million) for a 22% stake in Jeil Hydraulics in late 2009, which it sold to Eaton Corporation in mid-2012 for 30.8 billion won (US$29 million), thereby more than tripling its investment in less than three years. The stake was held in the STIC Private Equity Fund II. [9]

The firm made an initial investment of US$20.3 million in Golfzon, a maker of a golf simulator, in March 2008, and sold its stake in early 2012 for US$72.9 million, earning a 3.6x return, or a gross IRR of 66.1%. The stake was held in the now-liquidated STIC Private Equity Fund I. [9] [10]

The firm owned stakes in Playspan, which was sold to VISA in 2011. [11]

The firm sold a 7.57% stake in music label Hybe (formerly called Big Hit Entertainment) in June 2021. [12]

Ongoing

In 2012, the firm invested KRW162 billion (US$144 million) to acquire an 8.1% stake in Posco Energy, [13] and invested US$28.2 million in Hyundai Oil Terminal, a subsidiary of Hyundai Oilbank. [4]

Ongoing Funds

Recognition

STIC Investments has received several domestic awards, including the "Best Private Equity Fund" award at the 4th Korea Investment Banking Awards, sponsored by the Korea Economic Daily, [5] [17] and the "Best Exit Deal" award at the 2013 Korea Venture Capital awards, sponsored by Money Today and the Korea Venture Capital Association. [5] [18] The company was also selected as the "Best Private Equity Manager" in the 2013 AsianInvestor Korea Awards [5] [19] and received the "Industrial Service Medal" from the president of South Korea in 2007. [5]

Related Research Articles

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc.. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and they are often from high technology industries, such as information technology (IT), clean technology or biotechnology.

<span class="mw-page-title-main">TPG Inc.</span> American investment company

TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care. TPG became a public company in January 2022, trading on the NASDAQ under the ticker symbol “TPG”.

<span class="mw-page-title-main">Warburg Pincus</span> New York private equity firm

Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of October 2023 the firm had over $82 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries.

Bain Capital, LP is an American private investment firm based in Boston, Massachusetts. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.

<span class="mw-page-title-main">CVC Capital Partners</span> British private equity and investment advisory firm

CVC Capital Partners is a Luxembourg-based private equity and investment advisory firm with approximately €186 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries, credit funds and infrastructure. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 850 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

<span class="mw-page-title-main">TA Associates</span> American private equity firm

TA Associates, is an American private equity firm and was one of the early modern-era private equity firms in the United States. The firm leads buyouts and minority recapitalizations of profitable growth companies. TA invests across five industry groups: technology, healthcare, consumer products, financial services and business services.

<span class="mw-page-title-main">Lone Star Funds</span> American private equity firm

Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is an American private equity firm that invests in distressed assets in the U.S., Canada and internationally. The founder of Lone Star established its first fund in 1995 and Lone Star has to date organized 21 private equity funds with total capital commitments since inception of over $86 billion. Lone Star's investors include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high-net-worth individuals. Lone Star Funds has affiliate offices in North America, Europe and Japan.

In finance, the private-equity secondary market refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private-equity funds as well as hedge funds can be more complex and labor-intensive.

Silver Lake, legally Silver Lake Technology Management, L.L.C., is an American global private equity firm focused on technology and technology-enabled investments. Silver Lake is headquartered in Silicon Valley and New York, and has offices in London, Hong Kong, and Singapore.

<span class="mw-page-title-main">Coller Capital</span> British investor firm in the private equity secondary market

Coller Capital is one of the largest global investors in the private equity secondary market ("secondaries"). It was founded in 1990 by the UK-based investor and philanthropist Jeremy Coller.

Lexington Partners is one of the largest manager of secondary acquisition and co-Investment funds in the world, founded in 1994. Lexington manages approximately $55 billion of which an unprecedented $14 billion was committed to the firm's ninth fund, the largest dedicated secondaries pool of capital ever raised at the time.

AlpInvest Partners is a global private equity asset manager with over $85 billion of committed capital since inception as of December 31, 2022. The firm invests on behalf of more than 450 institutional investors from North America, Asia, Europe, South America and Africa.

<span class="mw-page-title-main">Insight Partners</span> American investment manager

Insight Partners is a global venture capital and private equity firm that invests in high-growth technology, software, and Internet businesses. The company is headquartered in New York City, with offices in London, Tel Aviv, and Palo Alto.

<span class="mw-page-title-main">Private equity in the 2000s</span>

Private equity in the 2000s represents one of the major growth periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital expanded along parallel and interrelated tracks.

<span class="mw-page-title-main">Actis Capital</span> British investment firm focused on the private equity

Actis is a global investment firm focused on the private equity, energy, infrastructure, and real estate asset classes.

Partners Group Holding AG is a Swiss-based global private equity firm with US$147 billion in assets under management in private equity, private infrastructure, private real estate and private debt.

Samena Capital is an Asia, India and MENA-focused alternative investments group, co-established in 2008 by Shirish Saraf and key partners from a cross section of industries and regions. This name was chosen due to the markets that Samena invests in. These are the Indian Subcontinent, Asia, Middle East and North Africa – a region collectively known as SAMENA. Also in ancient Buddhist script, Samena means "together" or "collective", which reflects the collective investment model the company is based on. The company and its subsidiaries employ 26 people in 3 locations worldwide, and has 48 shareholders.

Hillhouse Investment is a global private equity firm with an East Asian heritage. Hillhouse was founded by Lei Zhang in 2005 with initial seed capital from the Yale University endowment and invests across East Asia, Southeast Asia, North America, and Europe. Hillhouse has Asian offices in Singapore, Hong Kong, Beijing and Shanghai with additional international offices in New York City and London.

Michael ByungJu Kim is a Korean American billionaire businessman. He is the founder and chairman of MBK Partners, a private equity firm headquartered in Seoul, South Korea. He has been called the "Godfather of Asian private equity".

Dymon Asia is an Asia-focused investment management firm based in Singapore. It is considered one of the largest hedge funds in Singapore and Asia.

References

  1. 1 2 3 Youn, Jeong-Hee "국내 최대 창투사 STIC 인베스먼트(주) 부산사무소 개소식 (STIC Investments, No. 1 Domestic Equity Firm, Opens Busan Office)" Herald Economic April 4, 2010. Retrieved on February 22, 2013.
  2. 1 2 3 4 "Company Overview of STIC Investments, Inc" Bloomberg Businessweek Retrieved on April 19, 2013.
  3. 1 2 Ko, Kyung Bong. "(Market Insight) STIC Investments Expands Business Area to Buyout" Korea Economic Daily February 5, 2013. Retrieved on April 19, 2013.
  4. 1 2 3 4 Kim, Jae-won. "Hyundai Oilbank attracts W33 bil. for reserve facility" Korea Times June 6, 2012. Retrieved on April 19, 2013.
  5. 1 2 3 4 5 6 "STIC: Korea's private equity specialist" AsianInvestor e-magazine May 2013. Retrieved on May 13, 2013.
  6. 1 2 Yvette Choo. "STIC closes fund on $369m" Private Equity Online October 21, 2008. Retrieved on April 19, 2013.
  7. ↑ "BinOptics produces first short-cavity cw GaN blue laser using etched facets" Semiconductor Today June 7, 2007. Retrieved on April 19, 2013.
  8. ↑ Sonja Cheung. "Shariah Funds Lure Middle East LPs To Southeast Asia" Wall Street Journal February 27, 2013. Retrieved on April 19, 2013.
  9. 1 2 3 Tim Burroughs. "STIC exits Jeil Hydraulics for 3.1x return" Asian Venture Capital Journal July 23, 2012. Retrieved on April 19, 2013.
  10. ↑ Tim Burroughs. "STIC sees 3.6x return on golf simulator deal" Asian Venture Capital Journal March 28, 2012. Retrieved on April 19, 2013.
  11. ↑ "Visa to buy PlaySpan for $190M" San Francisco Business Times February 9, 2011. Retrieved on April 19, 2013.
  12. ↑ "Hybe shares plunge more than 7% after block deal". www.theinvestor.co.kr. Retrieved 2021-06-30.
  13. ↑ Shim, Du-bo. "스틱, 포스코에너지 지분 8.1% 인수한다 (STIC Acquires 8.1% Stake in Posco Energy)" Invest Chosun July 31, 2012. Retrieved on April 22, 2013.
  14. ↑ "Funds File" Private Equity Asia May 2012. Retrieved on April 19, 2013.
  15. ↑ Siddharth Poddar. "STIC gets $20m from Korean government" Private Equity Asia March 31, 2009. Retrieved on April 19, 2013.
  16. ↑ "STIC Pioneer Fund II, L.P. Achieved Final Closing at US$200 Million" Asia Private Equity August 6, 2007. Retrieved on April 22, 2013.
  17. ↑ Lee, Sang-Yeol. "한국투자증권, IB대상 종합대상 (Korea Investment & Securities wins Overall IB Award)" Daum Finance January 23, 2013. Retrieved on April 22, 2013.
  18. ↑ Kim, Dong-Hee. "(더벨)한투파, 한국벤처캐피탈대상 2연패 (The Bell: Korea Investment Partners wins Korea Venture Capital Prize for Second Consecutive Year)" Money Today March 4, 2013. Retrieved on April 22, 2013.
  19. ↑ "Day 1: AsianInvestor 2013 Korea awards" Asian Investor February 18, 2013. Retrieved on April 22, 2013.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.