Overview
Private equity firm specializing in middle market investments.
Founded
2012
Deals · 12mo
0
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Geographic focus
Sector focus
Investment portfolio
- Hipac
Led · Series D · Dec 2019
Hipac is a Chinese company that provides mother and baby care products. The company announced the completion of a $100 million Series D round. The financing was led by South Korean private equity firm Anchor Equity Partners. The announcement noted the deal's completion on Friday. The article did not disclose additional operating metrics, other participating investors, or further financial details.
- Line Games
Led · Equity · Oct 2018
Line Games is the gaming arm of chat app firm Line, formed earlier this year when Line merged its gaming division from NextFloor (acquired in 2017). Its portfolio includes mobile social titles such as Dragon Flight (14 million users since 2012, peak $1M daily revenue) and Destiny Child, which has topped charts in Korea and seen international traction. Gaming/content is a major revenue source for Line: the content division has generated 28.5 billion JPY (~$250M) year-to-date and represents 19% of Line’s total revenue (compared with 79.3 billion JPY from advertising YTD). Line Games currently focuses on Japan, Korea, Thailand and Taiwan but plans to use new capital to source new IP, identify titles with global potential and pursue strategic deals. The business is also expanding beyond mobile to non-mobile platforms, including the Nintendo Switch and other consoles.
- Podotree
Led · Equity · Dec 2016
Podotree is the content arm of Korean tech firm Kakao and manages the Kakao Page social network and Daum Webtoons digital-comics service. The unit raised 125 billion won (about $107M) at a 500 billion won (about $428M) valuation. Kakao said the proceeds will be used to grow the Webtoon business, acquire new IP and licensing rights, and expand into video content. Daum Webtoons is positioned to capitalize on rising global demand for digital comics in Korea, Japan and elsewhere. As part of Kakao, Podotree can leverage Kakao’s large user base—Kakao’s messaging service has about 150 million users worldwide and is installed on more than 90% of Korean smartphones. The article places Podotree’s raise in the context of Kakao’s broader corporate moves, including its merger with Daum and other affiliate-level strategic actions.