January 20, 2019

VIG Partners acquires Nike supplier Youyoung Industries for W220b

PUBLISHED : January 03, 2018 - 13:39

UPDATED : January 03, 2018 - 13:39

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Korean private equity firm VIG Partners said on Jan. 3 it had acquired Youyoung Industries, a local sneaker material maker for Nike and other global sportswear brands, for 220 billion won (US$206 million).

The acquisition was made through a special purpose company funded jointly by VIG and Youyoung’s founder and CEO Jung Ho-tae. 

VIG said Jung, the second-largest shareholder in the new entity, will remain in the management team. Kim Beom-joon, a former executive at Korean telecom carrier KT, was appointed CEO.

Currently, Youyoung’s clients include Nike, Adidas, New Balance, Under Amour and Puma. In 2015, the firm developed an advanced sneaker fabric, called Circular Knit Jacquard, with Nike.

The firm’s revenue and operating profit last year are estimated at 84 billion won and 20 billion won, respectively.

By Lee Ji-yoon (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. 아 04099