Miri Capital (The Miri Strategic Emerging Markets Fund LP) acquires 11.44% of STIC Investments (11.44% stake) for KRW 60.1bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $41m
- Stake
- 11.44%
- Implied 100%
- $362m
- Revenue
- —
- Op. income
- —
- Multiples
- —
Deal value ÷ stake (structure unconfirmed)
- Target
- STIC Investments (11.44% stake) · Private equity fund manager
- Buyer
- Miri Capital (The Miri Strategic Emerging Markets Fund LP) · 기타
- Seller
- Chairman Do Yong-hwan
- Structure
- —
- Announced
- Jan 20, 2026
- Closed
- Mar 4, 2026
- Stage
- Closed
Target
STIC Investments is a KOSPI-listed private equity fund manager. On 19 January 2026 it announced targets of KRW 15 trillion AUM, KRW 11 trillion fee-related AUM and a 20% average annual total shareholder return, along with governance improvements.
Deal rationale
STIC said the sale follows Chairman Do Yong-hwan's retirement plan, pairing the founder's retirement with a partner for stable growth. Buyer Miri Capital, a US asset manager launched in 2021 with Korean holdings including Gabia, KINX, Yusu Holdings and Genians, first bought 5.01% on market in August 2023; the deal lifts its stake from 13% to 25%, making it the largest shareholder subject to KFTC approval. Do steps down as inside director in March but remains founding chairman.
Press coverage
- 딜사이트 (2026-01-22): “계약 금액은 약 601억원으로 주당 가격은 1만2600원이다.”
- 헤럴드경제 (2026-01-20): “거래 금액은 약 600억원 규모다”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.