SU& Group, a cross-border merger and acquisition (M&A) transaction specialist investment group, will collaborate with Gobi Partners, recognized as a leading venture capital (VC) firm in Southeast Asia.
On the 24th, SU& Group announced that it signed a strategic business agreement with Gobi Partners for global co-investment collaboration at its headquarters in Gangnam, Seoul.
SU& Group plans to utilize SU& Financial Investment, a private equity fund (PEF) operator, and the VC S.U.N.P., to jointly establish a fund with Gobi Partners.
Gobi Partners is the largest VC in Southeast Asia, headquartered in Malaysia. Its assets under management are approximately $1.6 billion (about 2 trillion won), and it recently established its Korean corporation, Gobi Korea.
SU& Group noted that it plans to not only create a jointly managed fund with Gobi Partners but also to facilitate joint investments and portfolio connections for the entry of technology-based corporations from Korea into Southeast Asia.
SU& Group plans for SU& Financial and S.U.N.P. to jointly establish a fund and jointly invest in opportunities identified by Gobi Partners, aiming to create what is termed an Asian-style investment platform.
Furthermore, it aims to establish a jointly managed fund exceeding 500 billion won within the next 3 to 5 years and to operate a support program for domestic startups entering Southeast Asia.
Kim Cheol-jung, CEO of SU& Group, stated that it will create a global investment structure where market viability and technological feasibility are validated simultaneously, going beyond mere funding with Gobi Partners.