KKR and Anchor Equity Partners to Acquire a Controlling Stake in Ticket Monster (Asia)
Global investment firm KKR and South Korea-focused private equity fund manager Anchor Equity Partners have agreed to acquire a 46 percent stake in South Korea-based mobile e-commerce company Ticket Monster from United States-based deal marketplace company Groupon for approximately US$360 million. Canada Pension Plan Investment Board, Pavilion Capital, a subsidiary of Singaporean sovereign wealth fund Temasek Holdings, and other institutional investors will also participate in the transaction. Groupon will retain a 41 percent stake in the company on a fully-diluted basis. The transaction, which is expected to close in the second quarter of 2015, is subject to regulatory approval and customary closing conditions.