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KKR, Anchor Equity consider new funding for Ticket Monster: report

[THE INVESTOR] Kohlberg Kravis Roberts, the US private equity fund, and its Korean partner Anchor Equity Partners are considering new funding for Ticket Monster, a local e-commerce operator that they acquired in April last year.

The Bell, a local news outlet, reported on Oct. 26 that the two investment firms have recently started related reviews through their financial advisor Credit Suisse. 




Ticket Monster, the market No. 3 by sales, has carried out a new round of funding program worth US$300 million from late last year.

The new funding is expected to be poured into the firm’s business expansion. The Bell said the firm could seek synergies with retailers or logistics firms by attracting some investments from them.

The KKR-Anchor Equity consortium acquired a 59 percent stake in Ticket Monster for US$750 million.

In April this year, NHN Entertainment, a local game software developer, acquired a 2.6 percent stake in the firm by buying US$40 million convertible bonds.

By Lee Ji-yoon (jylee@heraldcorp.com)
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