■ PEF

IMM PE

Bonjour Kwon 2014. 2. 17. 22:50

We continue to create significant value for our portfolio companies.

Established in January 2001 with founding partners who have rigorous track records in corporate restructuring and investment banking, IMM Private Equity today is one of the leading private equity firms in Korea with its experienced professionals.

IMM Private Equity focuses on significant minority investments and mid-to-large-cap buyouts with the fundamental principle of identifying attractive investments which have a high growth potential and low entry valuation.

IMM Private Equity has established a solid reputation for executing significant minority investments promoting value creation and restructuring of portfolio companies, and for sourcing attractive opportunities to profit from spin-offs of profitable businesses of major conglomerates. Our deal structuring and execution capabilities have proven by a decade of succe-ssful full-cycle investments. Today, we continue to create significant value for our portfolio companies.

IMM PE today is a leading private equity player in the area of significant minority investments and mid-to-large-cap buyouts. However, the position as a top player in Korean PEF market was not achieved one day. Since started operation as a partnership firm in January 2001, we have built up our track record with our strong management team based on partnership, working to increase the value of portfolio companies and distribute returns to our LP investors.

2008~2010

Emergence as a leading private equity firm in Korea

In 2008, IMM PE emerged as one of Korea’s most important private equity players. During this period, we launched IMM Rosegold PEF, our flagship fund.

With the fresh capital, we and co-investors invested in the shares of four high-potential companies, 100% of Doosan DST and SRS Korea, 20.9% of Korea Aerospace Industries, and 47.2% of Samhwa Crown of Doosan Group in 2009. It was the first post-financial-crisis conglomerate restructuring transaction in the Korean PEF market, and the second-largest private equity deal to take place in Korea that year.
2006~2007

Transition

As we moved into the middle 2000s, the scale of our funds and investments increased as we had establish a new market position and business model ─ focus on significant minority investments along with middle market buyouts.

In 2007, we closed Jupiter PEF and Primoris PEF with the aggregate capital of KRW 150bn and invested in 7 companies. In particular, we had made and exited a successful investment in Younghwa Engineering, subscribing its 25% stake. The company is a leader steel-frame manufacturer in Korea with key accounts of domestic conglomerates. Focusing on the company’s high upside potential through overseas order from China and the Middle East, IMM PE and other shareholders exited the investment by sales to MBK partners at 65% ROI and 33% IRR.
2001~2005

Growth Stage

In early stages after being founded in 2001, we had focused on corporate restructuring deals and middle market buyouts. During this period, we raised and exited 10 funds, investing in 11 companies.

In 2001, we completed our first buyout (iHQ) with capital raised from a small group of investors. iHQ, then Lavola, was the third largest lingerie producer in Korea, but filed for court-ordered receivership in 1998 because of its liquidity problem.
Through various efforts such as appointment of top executives, quality control and cost reduction, asset disposals, recapitalizations, and M&As, we successfully exited the investment in 2006, achieving IRR of 41.7%.
Our highly successful performance helped to build our reputation and earn the trust of the most sophisticated investors. In 2003, We closed our first NPS(National Pension Service) fund with KRW 28bn. Since then, we have developed and maintained close partnerships with the government organizations, pensions, and institutional investors.

Dong-han Son Director: Dong-han Son is a director and takes a leading role in the execution of investments and portfolio management. Prior to joining IMM PE, Mr. Son worked at Samil PricewaterhouseCoopers where he built up extensive transaction skills while advising major Korean conglomerates’ mergers, acquisitions, and restructurings. Mr. Son is a certified public accountant and received a BA in Business Administration from Yonsei University.
Chan-woo Park Vice President: Chan-woo Park is a vice president of IMM PE. Prior to joining IMM PE, Mr. Park was a consultant in the Private Equity Group of Bain & Company Korea and an asset manager at Samsung Fire and Marine Insurance. Mr. Park received an MBA from the Wharton School and a BA in Business Administration from Seoul National University.
Jay Kim Vice President: Jay Kim is a vice president of IMM PE. Prior to joining IMM PE, Mr. Kim worked at the Corporate Finance Division of Samjong KPMG. Mr. Kim, a CFA charterholder, received an MiF from London Business School and a BA in Business Administration from Seoul National University.
Justin Hur Vice President: Justin Hur is a vice president of IMM PE. Prior to joining IMM PE, Mr. Hur worked as a hedge fund manager at Corevest Capital Management and a consultant at Monitor Group in Seoul. Previously, Mr. Hur also worked as an associate in the Investment Banking Division of Hana Bank. Mr. Hur, a CFA charterholder, received an MBA from Columbia Business School and a BA in Economics from Seoul National University.
Jack Yoon Senior Manager: Jack Yoon is a senior manager of IMM PE. Prior to joining IMM PE, Mr. Yoon worked at the Financial Advisory Service team of Samil PricewaterhouseCoopers. Mr. Yoon is a certified public accountant and received a BA in Architectural Engineering from Yonsei Univer
Hun-suk Yoo Senior Manager: Hun-suk Yoo is a senior manager of IMM PE. Prior to joining IMM PE, Mr. Yoo worked at the Financial Advisory Service team of Samil PricewaterhouseCoopers. Mr. Yoo is a certified public accountant and received a BA in Business Administration from Seoul National University.
Eugene Kim Associate: Eugene Kim is an associate of IMM PE. Prior to joining IMM PE, Ms. Kim was a consultant at the Boston Consulting Group in Seoul. Ms. Kim received an MA in Business Administration from Seoul National University and a BA in Computer Science from KAIST.
Michael Ki-soo Lee Associate: Michael Ki-soo Lee is an associate of IMM PE. Prior to joining IMM PE, Mr. Lee worked at the Investment Banking Division of Macquarie Bank in Seoul. Mr. Lee received a BA in Business Administration and a BS in Computer Engineering from Seoul National University.

For the past 10 years, IMM PE has logged an unblemished record of outstanding growth and returns, and maintained its position at the top of Korea’s private equity industry.
The measure of our success has been the ever-increasing inflows of capital from the country’s largest and most sophisticated institutional investors. Since our establishment, IMM PE has raised KRW 714bn in investment funds and exited KRW 217bn.

FY2001 Raised (cumulative basis) :47, AUM: 32
FY2002 Raised (cumulative basis) :53, AUM: 37
FY2003 Raised (cumulative basis) :144, AUM: 88
FY2004 Raised (cumulative basis) :155, AUM: 88
FY2005 Raised (cumulative basis) :185, AUM: 88
FY2006 Raised (cumulative basis) :193, AUM: 66
FY2007 Raised (cumulative basis) :397, AUM: 213
FY2008 Raised (cumulative basis) :710, AUM: 514
FY2009 Raised (cumulative basis) :714, AUM: 497
FY2010 Raised (cumulative basis) :714, AUM: 497
FY2010(E) Raised (cumulative basis) :1,214, AUM: 997