APAC Digest: S Korea’s VIG Partners to acquire Winplus for $69m; Japan’s MC-UBS Realty to buy 10 properties

Private equity firm VIG Partners is acquiring South Korean food retailer Winplus for $69 million while Japan’s MC-UBS Realty is buying 10 domestic properties for about $200 million

South Korean PE firm VIG Partners to acquire 83.1% in Winplus

South Korean private equity (PE) firm VIG Partners, which specialises in mid-market buyouts, is paying W74 billion ($69.14 million) for an 83.1 per cent stake in local fine food materials distributor Winplus, according to a report by The Korea Herald.

The acquisition includes newly issued stocks worth W45 billion ($42 million) and will allow VIG Partners to appoint an executive to become a member of the Winplus management team.

Established in 2005, Winplus owns over 600 different private brand products and operates seven supermarket chains in Gyeonggi Province. It also has two logistics centres.

VIG Partners CEO Shin Jae-ha was quoted as saying that the PE firm aims to further improve the profitability of WinPlus, which is one of South Korea’s leading players.

Established in 2005, VIG Partners targets financial services, consumer goods, online and mobile commerce, and household appliance sectors. It also considers investments in small and medium-sized enterprises (SMEs), which are typically founder-owned and operated.

MC-UBS Realty to acquire 10 properties in Japan

Mitsubishi Corp-UBS Realty Inc (MC-UBS Realty), the asset manager of Japan’s Industrial & Infrastructure Investment Corporation (IIF), is acquiring 10 properties in the country worth about JPY21.36 billion ($200 million).

In a disclosure to the Tokyo Stock Exchange on Tuesday, IIF said its asset manager has decided to acquire the properties, with plans to lease them to existing and new tenants.

The properties being acquired are the Hiroshima Manufacturing Center in Hiroshima; Totsuka Manufacturing Center and Atsugi Manufacturing Center in Kanagawa; Itabashi Logistics Center in Tokyo; Osaka Suminoe Logistics Center I and Osaka Suminoe Logistics Center II in Osaka; Sapporo Logistics Center in Hokkaido; Hitachinaka Port Logistics Center in Ibaraki; Koriyama Logistics Center in Fukushima; and Kobe Nishi Logistics Center in Hyogo.

MC-UBS Realty will acquire the properties from different vendors, among them are Sumitomo Mitsui Finance and Leasing Co, Metal One Corporation, and Mitsuike Corporation.

“IIF decided to acquire the anticipated properties based on its judgment that the characteristics of the properties are aligned with IIF’s investment strategies, specifically, the acquisition of quality assets that would contribute to increase cash distributions per unit,” the company disclosed.

IFF is the first J-REIT focused on acquiring and operating both industrial and infrastructure properties in Japan – properties that play a vital role in the Japanese economy, and for which IIF expects to see stable demand in the mid to long term.

Also Read:

VIG Partners acquires Korean footwear fabric maker Youyoung for $206m

GLP to sell five properties to GLP J-REIT for $306m

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.