trending Market Intelligence /marketintelligence/en/news-insights/trending/XM3KeOn7AkBPDdEOD4LEbA2 content esgSubNav
In This List

VIG Partners to exit South Korean car park management firm in US$140.2M deal

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


VIG Partners to exit South Korean car park management firm in US$140.2M deal

VIG Partners agreed to sell car park management firm Hiparking Co. Ltd. for US$140.2 million, DealStreetAsia reported, citing a press statement.

The buyer is Plat, the operator of car-sharing service platform Carplat and a subsidiary of Humax Co. Ltd., a publicly listed smart home and automotive infotainment solutions provider.

HiParking will be rebranded as Humax Mobility upon deal completion, which is expected to take place by October-end, the report noted.

The South Korean private equity firm, through its Vogo Fund II, supported HiParking in mid-2016.

VIG is also in the final close of its fourth fund, VIG Fund IV, which is slated to raise approximately US$800 million.