Global private equity fund (PEF) manager Bain Capital said on the 18th that it has raised the Bain Capital Asia Fund VI totaling $10.5 billion (about 15.75 trillion won). This exceeds the previous target of $7 billion (about 10.53 trillion won).
According to Bain Capital, Asia Fund VI, like its previous funds, received a significant amount of capital directly from Bain Capital partners, executives and employees, and affiliates. They constitute the largest single group among all limited partners. About $9.1 billion (about 13.7 trillion won) was reportedly raised from external investors.
Bain Capital currently operates an integrated investment platform across Japan, India, China, and Australia, including Korea. About 200 investment and operations professionals work across information technology (IT), industrials, consumer, health care, and services and finance. It also collaborates with Bain Capital's global private equity institutional sector in credit, insurance, real estate, special situations (SS), and tech investing.
Bain Capital is pushing for a voluntary delisting of online advertising agency ECHOMARKETING. ECHOMARKETING has the activewear fashion brand Andar as a subsidiary. Bain Capital is said to have pursued the acquisition of ECHOMARKETING after highly valuing Andar's potential for global expansion.
On the 7th, Bain Capital bought ECHOMARKETING shares on the market at 16,000 won per share. At the time, it acquired an additional 766,231 shares (2.5%), pushing its equity stake above 95%. Under the Korea Exchange (KRX) listing rules for the main board, a company seeking a voluntary delisting must have a combined stake of at least 95% held by the largest shareholder and related parties. The same standard applies to the KOSDAQ market.