The Private Equity Pitch identifies private equity-owned portfolio companies which are ripe for an exit in a particular sector and/or geography. You can receive the Pitch by creating a new alert with the “Private Equity Pitch” topic and find previous pieces under the “Private Equity Pitch” on the homepage.

Below is a selection of portfolio companies that have been owned by sponsors for at least 18 months and are maturing for exits, as data shows.

Hyundai Hyms 

Sponsor: J& Private Equity (held 61 months)

The Deal: On April 2019, South Korea-based J& Private Equity acquired Hyundai Hyms [KRX:460930] from HD Korea Shipbuilding & Offshore Engineering (KSOE) [KRX:009540]) via a special purpose company, Hercules Holdings, for KRW 130bn (USD 96m). Currently Hercules Holdings owns a 75% stake while KSOE owns the remainder.

Company financials: Hyundai Hyms recorded sales of KRW 189bn and an operating profit of KRW 14.46bn in 2023, marking a 30.57% and 384% increase over 2022, according to filing.

Recent Updates: Hyundai Hyms was relisted on KOSDAQ this January. The company produces fore blocks, aft blocks, ship pipes and steel outfittings, steel pretreatment, section cutting and built up among others. ChosunBiz reported that the largest shareholder Hercules Holdings will have a lock up period of one year.

Most frequent financial advisors: J& Private Equity – PwC (2 deals) 

Most frequent legal advisors: J& Private Equity – Lee & Ko (3 deals), Shin & Kim (1 deal), KL Partners (1 deal)