STIC Investments Inc. is an international

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

and

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

fund management firm.Youn, Jeong-He
"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."Company Overview of STIC Investments, Inc"
''Bloomberg Businessweek'' Retrieved on April 19, 2013.Ko, Kyung Bong
"(Market Insight) STIC Investments Expands Business Area to Buyout"
''Korea Economic Daily'' February 5, 2013. Retrieved on April 19, 2013. It was founded in July 1999.Kim, Jae-won

''Korea Times'' June 6, 2012. Retrieved on April 19, 2013. As of early 2013, STIC Investments had AUM of US$2.4 billion."STIC: Korea's private equity specialist"
''AsianInvestor e-magazine'' May 2013. Retrieved on May 13, 2013. STIC Investments is headquartered in

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

, has offices in

Busan Busan (), officially known as is South Korea's most populous city after Seoul, with a population of over 3.4 million inhabitants. Formerly romanized as Pusan, it is the economic, cultural and educational center of southeastern South Korea, w ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

Ho Chi Minh City , population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_ ...

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

, and

Taipei Taipei (), officially Taipei City, is the capital and a special municipality of the Republic of China (Taiwan). Located in Northern Taiwan, Taipei City is an enclave of the municipality of New Taipei City that sits about southwest of the n ...

, and employs 70 people.Yvette Choo
"STIC closes fund on $369m"
''Private Equity Online'' October 21, 2008. Retrieved on April 19, 2013.
''Semiconductor Today'' June 7, 2007. Retrieved on April 19, 2013.

Investment Areas

STIC Investments engages in growth capital investments, buyouts, and secondary market transactions pertaining to mid-cap companies. In early 2013, STIC Investments indicated its intention to become active in the area of mergers and acquisitions of large corporations. 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.Sonja Cheung
"Shariah Funds Lure Middle East LPs To Southeast Asia"
''Wall Street Journal'' February 27, 2013. Retrieved on April 19, 2013. STIC Investments has invested in over 300 companies to date, mostly in technology-enabled manufacturing industries including the TMT (Technology, media, telecommunications),

health care Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

biotechnology Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...

clean technology Clean technology, in short cleantech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Cle ...

, automotive, and shipbuilding / offshore plant industries.

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 Eaton Corporation plc is an American-Irish multinational power management company with 2021 sales of $19.63 billion, founded in the United States with global headquarters in Dublin, Ireland, and a secondary administrative center in Beachwood, ...

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.Tim Burroughs
"STIC exits Jeil Hydraulics for 3.1x return"
''Asian Venture Capital Journal'' July 23, 2012. Retrieved on April 19, 2013. 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.Tim Burroughs
"STIC sees 3.6x return on golf simulator deal"
''Asian Venture Capital Journal'' March 28, 2012. Retrieved on April 19, 2013. The firm owned stakes in

Playspan PlaySpan is a payments company whose payments platform handles transactions for digital goods in online games, digital media, and social networks. Company history PlaySpan was founded in 2006 by Karl Mehta. In July 2008, PlaySpan acquired Intern ...

, which was sold to

VISA Visa most commonly refers to: *Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Visa Plus, an interbank network *Travel visa, a document that allows ...

in 2011."Visa to buy PlaySpan for $190M"
''San Francisco Business Times'' February 9, 2011. Retrieved on April 19, 2013. The firm sold a 7.57% stake in music label Hybe (formerly called Big Hit Entertainment) in June 2021.

Ongoing

In 2012, the firm invested KRW162 billion (US$144 million) to acquire an 8.1% stake in

Posco Energy POSCO Energy is the largest private energy producer in South Korea.Won-sup Yoon and Sun-ah Kim"POSCO Energy secures fuel cell technology"''MK News'' November 13, 2012. Retrieved on April 24, 2013.Lee, Hyo-sik''Korea Times'' January 27, 2013. Retr ...

,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. and invested US$28.2 million in Hyundai Oil Terminal, a subsidiary of Hyundai Oilbank.

Ongoing Funds

*STIC Private Equity Fund II"Funds File"
''Private Equity Asia'' May 2012. Retrieved on April 19, 2013.Siddharth Poddar
"STIC gets $20m from Korean government"
''Private Equity Asia'' March 31, 2009. Retrieved on April 19, 2013. *STIC Secondary Fund III *STIC Secondary Fund II *STIC M&A Fund II *STIC Pan-Asia Technology Fund *STIC Pioneer Fund II
''Asia Private Equity'' August 6, 2007. Retrieved on April 22, 2013.

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 The ''Korea Economic Daily'' (nicknamed ''Hankyung'' (from ''han'' - South Korea and ''kyung'' - business) is a conservative and business daily newspaper in South Korea. It is the largest business newspaper by revenue in South Korea. It was f ...

,Lee, Sang-Yeol
"한국투자증권, IB대상 종합대상 (Korea Investment & Securities wins Overall IB Award)"
''Daum Finance'' January 23, 2013. Retrieved on April 22, 2013. and the "Best Exit Deal" award at the 2013 Korea Venture Capital awards, sponsored by

Money Today Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as ...

and the Korea Venture Capital Association.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. The company was also selected as the "Best Private Equity Manager" in the 2013 AsianInvestor Korea Awards"Day 1: AsianInvestor 2013 Korea awards"
''Asian Investor'' February 18, 2013. Retrieved on April 22, 2013. and received the "Industrial Service Medal" from the president of South Korea in 2007.

References

{{Reflist, 2

External links

STIC Website
Companies based in Seoul South Korean companies established in 1999 Financial services companies established in 1999 Private equity firms of Asia-Pacific Investment management companies of South Korea Venture capital firms