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.
