STIC Investments

STIC Investments, Inc.
Private
Industry Private Equity
Founded July 1999 (1999-07)
Founder Y.H. Do
Headquarters Seoul, South Korea
Number of locations
 7 offices (2012)
Key people
AUM Increase US$2.4 billion (2013)
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 2013, STIC Investments had AUM of US$2.4 billion.[5]

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]

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]

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]

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. ↑ 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. ↑ "Funds File" Private Equity Asia May 2012. Retrieved on April 19, 2013.
  14. ↑ Siddharth Poddar. "STIC gets $20m from Korean government" Private Equity Asia March 31, 2009. Retrieved on April 19, 2013.
  15. 1 2 3 4 5 6 "STIC Investments - Analysis" Prequin Retrieved on April 23, 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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