Q Capital restructures its organization South Korea's PE firm creates one more department to enhance management capability
Translated by Kim So-in 공개 2020-02-11 08:00:00
이 기사는 2020년 02월 11일 08:00 thebell 에 표출된 기사입니다.
South Korea’s private equity (PE) firm Q Capital Partners has restructured its organization in a bid to enhance its portfolio management capability.One month after recruiting Choi Myung-rok as its chief investment officer (CIO), Q Capital has created its fourth investment department in addition to existing three to strengthen its investment and management capability, according to investment banking (IB) industry sources on February 5. Along with the structural changes, the PE firm made a few changes in personnel. The firm’s executive director Yoon Dong-hyun will continue to lead the investment department 1 while newly- joined CIO Choi will concurrently serve as the head of the department 2. Choi Yong-lim has been promoted to director of the department 2.
In the department 3, Lee Chang-min has been promoted to managing director. Lee has been in charge of the investment in Curokyunggi CC and the value-enhancing post-acquisition. Curokyunggi CC had suffered heavy losses, before it turned to net profit one year after the Q Capital’s acquisition.
Newly-formed department 4 will handle investment in venture capital. Managing director Lee Hee-seok will lead the department while the future strategy has not been decided yet. With the department spent all money committed to its exiting fund, it may enter the private equity business. Considering secondary markets are growing in size, the department may take charge of secondary market or mezzanine investments.
The PE firm has made the latest alteration to its organization to enhance each department’s professionalism as its investment portfolio gets bigger and its blind-pool funds grows to hundreds of billions of won.
Q Capital currently manages blind-pool funds including Korea Development Bank (KDB) and Korea Growth Investment Corp. (K-Growth)’s fund established to support startups (300 billion won) and K-Growth’s Corporate Restructure Fund, which was established to change the frame of corporate restructuring (155.5 billion won). The department 1 is expected to manage the former while department 2 and 3 are likely to manage the latter. The latest restructuring is expected to enable the PE firm to focus more on deal-sourcing and managing investment companies.
Q Capital has Youngpoong Paper and Curokyunggi CC as its portfolio companies. Both companies are showing improvement in performance since the PE firm’s takeover. Last year, the PE firm invested in lumber company K-One, K-One Forestry, and K-One Timber through the fund for startups. The PE firm also invested in Start Collabo via Corporate Restructure Fund.
Q Capital scouted Choi Myoung-rok, who was responsible for mergers and acquisitions at KTB PE, Mirae Asset Securities and KB Securities, as its CIO last month. Under the new structure, Q Capital chief executive officer Hwang Hei-youn and Choi will direct the overall investments and four departments will be placed under the umbrella. The PE firm is actively hunting for talents to enhance its investment department.
(By reporter Kim Hye-ran)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
best clicks
최신뉴스 in 전체기사
-
- '푸드테크에 진심' 롯데벤처스, 투자재원 확충 시동
- [thebell interview/비상하는 K-우주항공 스타트업]박동하 “코스모비로 우주와 인간 가까워지기를”
- [모태 2024 2차 정시출자]‘AC전용' 스포츠출발, 상상이비즈 '연속 GP' 도전
- '오스템임플란트 볼트온' MBK-UCK, 브라질 임플란트 3위 업체 인수
- '주주환원 강화' 케이카, 1분기 실적 주목
- 가보지 않은 길 'ARC' 셀비온-앱티스 맞손, 독성에 도전
- [여전사경영분석]BNK캐피탈, 순익 반등에도 수익성 제고 과제 여전히
- [은행경영분석]권재중 BNK금융 CFO 첫 성적표 'CET1 12%대' 진입
- 마이금융파트너, 신계약 성과에 2년째 매출 급증
- [여전사경영분석]문동권식 수익다변화 전략 적중…신한카드, 순익 회복 시동