YKVN Lead Counsel for Two South Korea-Headquartered PE Firms' US$30 Million Investment in POPS
November, 2019 - Vietnam
YKVN advised Mirae Asset-Naver Asia Growth Fund and Eastbridge Partners in a US$30 million Series C funding round in POPS.
POPS is a top kids' media and entertainment platform in Vietnam. It received $7 million of previous financing, including Series A funding from Japan's IT-Farm and Series B backing from Warner Media LLC (formerly known as Turner Broadcasting System Asia Pacific).
Mirae Asset-Naver Asia Growth Fund is a $1 billion joint fund by Korea's leading financial group Mirae Assets and internet company Naver. The fund has also been active in other Southeast Asian markets, with investments in Singapore-based cloud-based software provider Deskera, and Indonesian e-commerce startup Bukalapak. Its other portfolio companies in the region include Grab, HappyFresh and BigBasket.
Eastbridge Partners is an independent private equity firm with offices in Seoul, Singapore, and Ho Chi Minh.
YKVN acted as lead counsel for the investors. The team was led by partner Phan Vinh Nhan and supported by associates Vu Mai Tram and Nguyen Duy Duong.
YKVN's private equity lawyers work across practice areas and offices to support the relationship between sponsors and portfolio companies at every stage of growth, from startups to fast-growing and mid-market businesses to mature public companies.
