VIG Fund IV managed by VIG Partners agreed to acquire 85% stake of Agricultural Corporation TEAZEN Co. Ltd. from IBK-TS Private Equity Fund managed by T.S. Investment Corporation (KOSDAQ:A246690), Jong-tae Kim and others for approximately $70 million on April 26, 2022. VIG Fund is acquiring 70% from IBK-TS Private Equity Fund and 15% from Chief Executive Officer Jong-tae Kim and others.

VIG Fund IV managed by VIG Partners completed the acquisition of 85% stake of Agricultural Corporation TEAZEN Co. Ltd. from IBK-TS Private Equity Fund managed by T.S. Investment Corporation (KOSDAQ:A246690), Jong-tae Kim and others on April 30, 2022.