Affinity Equity Partners
Affinity Equity Partners is one of the largest dedicated Asian private equity firms and focuses on leveraged buyout and growth capital transactions.
Type | Private Ownership |
---|---|
Industry | Private Equity |
Founded | 2002 |
Headquarters | Hong Kong Seoul, South Korea Singapore Sydney, Australia Jakarta, Indonesia Beijing, China |
Key people | Founding Chairman: Tang Kok Yew |
Products | Private equity funds |
Total assets | $14 billion |
Website | www.affinityequity.com |
Affinity operates as a Pan-Asian firm focusing on investment opportunities in Korea, Australia and New Zealand, Greater China and Southeast Asia.
The firm is led by Kok-Yew Tang (Founding Chairman and Managing Partner), Young-Taeg Park (Chairman and Managing Partner) and Chul-Joo Lee (Managing Partner). It has over 60 employees with offices in Hong Kong, Singapore, Seoul, South Korea, Sydney, Australia, Jakarta, Indonesia and Beijing, China.
History
Affinity, founded in 2002, was originally known as UBS Capital Asia Pacific to serve as the Asian private equity arm of UBS AG. UBS Capital Asia Pacific was spun out as an independent firm in March 2004. Affinity is one of the largest independent Private Equity firms in the Asia Pacific region, and currently advises and manages approximately US$ 14 billion of funds and assets. Its latest fund, Affinity Asia Pacific Fund V of US$ 6.0 billion is one of the largest in the region.
Among Affinity's investments are or have been the following:[1]
- Beijing Leader Harvest (China)
- Bojie Oriental Media (China)
- Burger King (Japan, Korea)
- Colorado Group Limited (Australia)
- Eastern Pacific Circuits (Hong Kong)
- The Face Shop (Korea)
- First Engineering (Singapore)
- Haitai Confectionery (Korea)
- Hi-Mart (Korea)
- Inter office (Japan)
- IPAC Securities (Australia)
- Jaya (Singapore)
- Korea Digital Satellite Broadcasting (Korea)
- Kyobo Life Insurance Company (Korea)
- Kakao M (Korea)
- Loscam (Australia)
- Mando Corporation (Korea)
- MedicalDirector (Australia)
- MK Electron (Korea)
- NS Electronics Bangkok (Thailand)
- Oriental Brewery (Korea)
- Primo Smallgoods (Australia)
- PT Mitra Pinasthika Mustika (MPM) (Indonesia)
- Pulmuone Foods (Korea)
- RT Holdings (Hong Kong)
- Scottish Pacific Business Finance (Australia & New Zealand)
- SDL Leasing (Singapore)
- TEG (Australia)
- Tegel Foods (New Zealand)
- United Test and Assembly Center (Singapore)
- [Velocity Frequent Flyer] (Australia, plans to sell stake[2])
- WiniaMando (Korea)
External links
- Affinity Equity Partners (company website)
References
- Investment Track Record
- Flynn, David (11 July 2019). "Virgin Australia set to sell off Velocity Frequent Flyer scheme?". Australian Business Traveller.