KKR Acquires Minority Stake in Preed Life from VIG Partners

Mastern Partners Buys 10% Stake in Preedlife from VIG Partners

September 8, 2021

Healthcare Services

Mastern Partners, the private equity unit of Mastern Investment Management, has purchased a 10% stake in South Korea's largest funeral services provider Preedlife for about 50 billion won. The minority stake sale to Mastern, together with a recently completed 150 billion won recapitalization, will help diversify Preedlife's investment portfolio into alternative assets and allow VIG Partners to return capital to its limited partners.

The Kleinfelder Group Acquires Veenstra & Kimm

April 9, 2025

Engineering Services

The Kleinfelder Group, a Lindsay Goldberg–backed engineering and professional services firm, has acquired Veenstra & Kimm, a multidisciplinary engineering firm headquartered in West Des Moines, Iowa. The deal establishes Kleinfelder's newly created Midwest Division, expands its service capabilities, and accelerates geographic growth in the Midwest.

RedBird Capital Partners and Reverence Capital Partners Acquire Vida Capital

October 2, 2019

Financial Services

RedBird Capital Partners and Reverence Capital Partners have completed the acquisition of Vida Capital, Inc., a vertically integrated life settlements asset manager with $4.3 billion in assets under management. Vida's management, led by CEO Jeff Serra, invested alongside the buyers; the firms said the partnership will support platform growth and expansion into other non‑correlated asset classes following required regulatory approvals.

KKR and Quadrantis Capital Acquire Minority Stakes in Peak Reinsurance Company Limited

October 20, 2025

Insurance

KKR and Quadrantis Capital entered into definitive agreements to acquire minority stakes in Peak Reinsurance Company Limited (“Peak Re”) via Peak Reinsurance Holdings Limited. After completion, KKR is expected to hold ~11.27% and Quadrantis ~1.80%, while majority shareholder Fosun International Limited is expected to retain ~86.71%; Prudential has divested its ~13.07% stake.

VIG Partners Acquires 85% Stake in Teazen Inc

April 26, 2022

Food & Beverage

South Korean buyout firm VIG Partners has agreed to acquire an 85% stake in Teazen Inc, a tea-based health drinks maker best known for its Tae-ri Kim Kombucha. VIG will purchase 70% from IBK-TS Private Equity Fund and 15% from CEO Jong-tae Kim and related parties for about $70 million, with closing expected in May; VIG plans to install professional management and expand Teazen's customer reach.

VIG Partners Acquires The Skin Factory (Kundal)

November 20, 2023

Consumer Products

Seoul-based private equity firm VIG Partners acquired a 100% stake in The Skin Factory, the maker of the Kundal personal-care brand, in May 2021 for roughly 150–200 billion won. VIG plans to accelerate product-line expansion and overseas growth (especially in Southeast Asia); Kundal has rapidly scaled online and recorded roughly 120–130 billion won in sales around 2020–2022.