STIC Investments signed a contract for their first investment after development of ‘STIC PAN ASIA 4th Industry Gross PEF’ of 320 billion KRW recently.
Their first investment target in the fund is Gold Bricks FMS (“GBFMS”), leading IFM industry in Korea which provides IFM (Integrated Facility Management) services to business and commercial work spaces and facilities. As of the end of 2017, GBFMS recorded more than 700% of sales growth.
Through the IFM business model which has already occupied more than 60% of the global market, GBFMS provides services including EHS (Environment, Health & Safety), BCP (Business Continuity Plan), Risk Management the Non-core Business such as engineering, security, cleaning, landscaping, catering at one-stop.
The main reason for the unrivaled business growth of GBFMS is that it is difficult to find a company specialized in pricing techniques and IFM expertise based on the cost savings in the long-term contract, which is one of the biggest goals of the companies.
The market share of GBFMS is expected to grow sharply as the number of service request from global companies based in Korea started to increase. Even the Global IFM companies which can be regarded as competitors of GBFMS reach out to request service delivery to their local clients on behalf of them.
GBFMS will strengthen the procurement of services to global companies which are the main clients, based on financial stability secured through financing from RCPS, and will also actively expand services for domestic companies from this year. GBFMS also plan to further expand its business into the Asia-Pacific region, including the Japanese and Vietnamese markets.
STIC Investments determined to invest in GBFMS as they acknowledge that Korea’s 20-trillion-scale facility management market currently providing separate outsourcing services such as security, cleaning and catering will develop into an Integrated Facility Management(IFM) system like the global market.
The fund formed by STIC Investments is expected to focus on investment in Gross Capital (small and medium-sized enterprise growth capital investment) and investment in domestic companies extending its business abroad, as well as investment in overseas local companies in Pan-Asia.
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