Affinity Equity Partners
MediumFirm Overview
Affinity Equity Partners is a Pan-Asian private equity firm specializing in leveraged buyouts and growth capital transactions across the Asia-Pacific region.
Affinity Equity Partners is one of the pioneer private equity firms in Asia, having commenced its investment activities in 1998. The team was originally established as UBS Capital Asia Pacific, serving as the Asian private equity arm of UBS AG. In 2004, the firm was spun out as an independent entity and is currently owned and operated by its founding partners who have worked together for over two decades.
The firm operates as a Pan-Asian investor, maintaining a presence in major regional hubs including Singapore, Hong Kong, Seoul, Beijing, and Sydney. As of 2023, Affinity is recognized as one of the largest independent private equity firms in the Asia-Pacific region, managing approximately US$14 billion in assets. Its fifth flagship fund, Affinity Asia Pacific Fund V, closed at US$6.0 billion, making it one of the largest funds in the region.
Affinity focuses primarily on control-oriented leveraged buyouts and growth capital investments. Its portfolio is diversified across various sectors and geographies, with a strong emphasis on opportunities in South Korea, Greater China, Australia, New Zealand, and Southeast Asia. Notable historical transactions include the acquisition and subsequent sale of major consumer and industrial brands like Oriental Brewery and Burger King (Japan/Korea).
Leadership
Notable Investments
Historical and current deals referenced in public sources.
Portfolio Companies
| Company | Sector | Status | Website |
|---|---|---|---|
| Affinity Equity Partners | — | Current | Visit ↗ |
| Burger King (Korea & Japan) | Consumer & Retail | Current | Visit ↗ |
| Burger King Japan | Consumer/Retail | Current | — |
| Burger King Japan / Korea | Consumer/Retail | Exited | Visit ↗ |
| Burger King Korea | Consumer/Retail | Current | — |
| CJ CGV | Consumer & Retail | Exited | — |
| Fairchild Semiconductor | TMT | Exited | — |
| Galderma | Healthcare | Exited | — |
| Haitai Confectionery & Foods | Consumer / Retail / Healthcare | Exited | Visit ↗ |
| Haitian Flavoring & Food | Consumer & Retail | Exited | — |
| Hee-Sung Group | Manufacturing / Electronics | Current | — |
| Hylife Food | Consumer & Retail | Current | Visit ↗ |
| Hyundai Card & Hyundai Capital Services | Financial Services | Exited | — |
| In-N-Out Burger (Southeast Asia) | Consumer/Retail | Current | — |
| Island Hospital | Healthcare | Current | — |
| Jaycar Electronics Group | Consumer / Retail / Healthcare | Current | Visit ↗ |
| Jinxin Fertility | Healthcare | Current | Visit ↗ |
| JobStreet | Technology, Media & Telecommunications | Exited | — |
| Jobstreet Corporation | Technology/Internet | Exited | Visit ↗ |
| Jobstreet Corporation Berhad | Technology / Media / Telecom | Exited | — |
| JobStreet.com | TMT | Exited | — |
| Kyobo Life Insurance | Financial Services | Current | — |
| Lock & Lock | Consumer/Retail | Current | — |
| Lock&Lock | Consumer & Retail | Current | Visit ↗ |
| Locus Telecommunication | Technology, Media & Telecommunications | Current | Visit ↗ |
| Loen Entertainment | Consumer & Retail | Exited | — |
| Mando Corporation | Industrials / Resources | Exited | — |
| Masan Group | Industrial & Business Services | Current | Visit ↗ |
| MedicalDirector | Consumer / Retail / Healthcare | Exited | Visit ↗ |
| MGS (Medical Global Service) | Healthcare | Current | Visit ↗ |
| MGS Manufacturing Group | Healthcare, Consumer, Industrial | Current | Visit ↗ |
| MGS Mfg. Group | Industrials | Current | Visit ↗ |
| MGS Mfg. Group, Inc. | Manufacturing / Healthcare | Current | — |
| MOGU Holdings | Consumer & Retail | Current | Visit ↗ |
| Mstar (Media Holding) | Media & Entertainment | Current | — |
| Nine Entertainment Co. | TMT | Exited | Visit ↗ |
| Oriental Brewery | Consumer/Retail | Exited | — |
| Pizza Hut Korea | Consumer / Retail | Exited | — |
| Produce & Supply (P&S) | Healthcare | Current | Visit ↗ |
| Produce Direct and Specialty Foods (PDSF) | Consumer/Retail | Current | — |
| PT Vidio Dot Com (Vidio) | Media & Entertainment | Current | — |
| PT. Vidio Dot Com | TMT | Current | Visit ↗ |
| SERI (Singapore Eye Research Institute) Spin-off? (Various healthcare assets) | Healthcare | Current | — |
| Seriaa Holdings | Industrial & Business Services | Current | Visit ↗ |
| Servcorp | Business Services | Current | Visit ↗ |
| Servehost (Island Hospital) | Healthcare | Current | Visit ↗ |
| Servicestream | Technology / Media / Telecom | Exited | — |
| Shinhan Financial Group | Financial Services | Exited | — |
| Spiral Aris (Medical & Biological Laboratories) | Healthcare | Current | — |
| SSG.COM | Consumer/Retail | Current | — |
| Suning.com | Consumer & Retail | Exited | — |
| TDCX | Business Services | Current | Visit ↗ |
| TE Connectivity (Automotive Business) | Manufacturing | Exited | — |
| Tegel Group Holdings | Industrial & Business Services | Exited | — |
| The Face Shop | Consumer/Retail | Exited | — |
| The TEG Group | Consumer / Retail / Healthcare | Current | Visit ↗ |
| Towngas Smart Energy | Public Utilities | Current | Visit ↗ |
| Trimco Group | Consumer/Retail | Current | — |
| United Family Healthcare (UFH) | Healthcare | Exited | — |
| United Test and Assembly Center (UTAC) | Industrial/TMT | Exited | — |
| UOB Life Assurance Limited | Financial Services | Exited | — |
| Velocity Frequent Flyer | Consumer & Retail | Current | Visit ↗ |
| Wagas | Consumer & Retail | Current | Visit ↗ |
| Wall Street English | Education | Current | Visit ↗ |
| Yogiyo (Delivery Hero Korea) | Technology / E-commerce | Current | — |
Portfolio Web Readiness
Not yet assessed
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Sources
- Wikipedia Wikipedia/Wikidata · public reference
- Firm website Firm website · primary public source
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