STIC Investments

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 2013, STIC Investments had AUM of US$2.4 billion.[5]

STIC Investments, Inc.
TypePrivate
IndustryPrivate Equity
FoundedJuly 1999 (1999-07)
FounderY.H. Do
Headquarters
Seoul
,
South Korea
Number of locations
7 offices (2012)
Key people
AUM US$2.4 billion (2013)
Number of employees
70
Websitesticinvestments.com

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]

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]

Ongoing

In 2012, the firm invested KRW162 billion (US$144 million) to acquire an 8.1% stake in Posco Energy,[12] and invested US$28.2 million in Hyundai Oil Terminal, a subsidiary of Hyundai Oilbank.[4]

In October 2018, STIC decided to invest 104 billion won (US$90.90 million) in music label Big Hit Entertainment.[13]

Ongoing Funds
  • STIC Private Equity Fund II[9][14][15]
  • STIC Secondary Fund III
  • STIC Secondary Fund II[6]
  • STIC M&A Fund II
  • STIC Pan-Asia Technology Fund
  • STIC Pioneer Fund II [16]

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]

References
  1. 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. "Company Overview of STIC Investments, Inc" Bloomberg Businessweek Retrieved on April 19, 2013.
  3. Ko, Kyung Bong. "(Market Insight) STIC Investments Expands Business Area to Buyout" Korea Economic Daily February 5, 2013. Retrieved on April 19, 2013.
  4. Kim, Jae-won. "Hyundai Oilbank attracts W33 bil. for reserve facility" Korea Times June 6, 2012. Retrieved on April 19, 2013.
  5. "STIC: Korea's private equity specialist" AsianInvestor e-magazine May 2013. Retrieved on May 13, 2013.
  6. 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. 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. 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.
  13. STIC Investments invests W104b in Big Hit
  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.
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