ICG has invested alongside the founder and CEO with a flexible structure across both debt and equity instruments.
JamesTech was founded in 1987 and is the global market leader in premium home appliance thermistors. Thermistors are temperature-control sensor devices, used in various applications including home appliances, consumer electronics, and automobiles. JamesTech specializes in the premium segment, which requires a wider temperature detection range and the highest level of consistency and accuracy of measurement. JamesTech operates across three manufacturing sites in Korea, China and Vietnam.
ICG has had a presence in Asia for more than 20 years and operates from four offices in Tokyo, Hong Kong, Singapore and Sydney. Its Asia Pacific Fund IV provides flexible capital to mid-market businesses across Japan, South Korea, Hong Kong, SE Asia, Australia and New Zealand, with a focus on supporting entrepreneurial founders and management teams.
Financial and Legal advisers to ICG were PwC Korea and Kim&Chang, respectively.
Jihong Park, JamesTech Founder & CEO said:
“We are excited to partner with ICG to support the next stage of JamesTech’s growth. Our core home appliances market is becoming premiumized and growing even faster due to positive tailwinds from COVID-19. We also have a well-established strategy to enter the electric vehicle market.”
Wooseok Jun, Head of ICG Asia Pacific said:
“JamesTech is a global market leader with a stable B2B business model, producing critical sensor products in diverse end markets. We look forward to working with the management team to support its continued growth trajectory. This is our seventh investment in the Korean market, and our flexible approach provides attractive opportunities to partner with founders and management teams.”
Contacts
Intermediate Capital Group (ICG): Olivia Montgomery +44 (0)20 3545 1543 | [email protected] | www.icgam.com
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