History
Affinity, founded in 2002, was originally known as UBS Capital Asia Pacific to serve as the Asian private equity arm of UBS AG. UBS Capital Asia Pacific was spun out as an independent firm in March 2004. In 2004, Affinity raised its first independent private equity fund, Affinity Asia Pacific Fund II, with $700 million of investor commitments. In 2007, Affinity raised its next fund Affinity Asia Pacific Fund III with $2.8 billion of investor commitments, which was the largest private equity fund raised to that point in Asia.
Among Affinity's investments are the following:
- Kyobo Life Insurance (Korea)
- PT Mitra Pinasthika Mustika (MPM) (Indonesia)
- Primo Smallgoods (Australia)
- Pulmuone Foods (Korea)
- Tegel NZ (New Zealand)
- Oriental Brewery (Korea)
- Beijing Leader Harvest (China)
- Bojie Oriental Media (China)
- United Test and Assembly Center (Singapore)
- Korea Digital Satellite Broadcasting (Korea)
- Jaya (Singapore)
- Colorado (Australia)
- TheFaceShop (Korea)
- First Engineering (Singapore)
- Loscam (Australia)
- Himart (Korea)
- RT Holdings (Hong Kong)
- Haitai Confectionery (Korea)
- IPAC Securities (Australia)
- SDL Leasing (Singapore)
- Inter office (Japan)
- Eastern Pacific Circuits (Hong Kong)
- NS Electronics Bangkok (Thailand)
- Mando Corporation (Korea)
- WiniaMando (Korea)
- MK Electron (Korea)
Read more about this topic: Affinity Equity Partners
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