T&F Global has been acquired by H&Q Korea

February 2025 — T&F Global, a leading automotive parts manufacturer, has been acquired by H&Q Korea.

T&F Global is a leading Korean automotive parts manufacturer specializing in Head-up Display (HUD) systems. The company designs and produces advanced optical and electronic components that project critical driving information directly onto the windshield, enhancing both driver safety and convenience. Backed by strong engineering expertise and state-of-the-art manufacturing capabilities, T&F Global has established itself as a trusted supplier to major global automakers such as Hyundai Motor Group. With the growing adoption of electronic components in modern vehicles — particularly electric and autonomous vehicles — HUDs are emerging as a critical, future-facing technology, positioning T&F Global well to capitalize on rising demand.

H&Q Korea is a Seoul-based private equity firm specializing in mid-market buy-outs. Established in 1998 as part of the global H&Q Asia Pacific network, the firm has over three decades of experience investing in Korean companies across sectors including industrials, technology, consumer and healthcare. H&Q Korea typically targets businesses with strong market positions and scalable models, partnering with management teams to drive operational improvements, expansion and long-term value creation. With a strong track record of successful investments and exits, H&Q Korea is recognized as one of the most experienced and established private equity funds in Korea.

Paxton Management is a Korea-based investment firm with a proven history of private equity investments and delivering value-generating exits. The firm has been an active shareholder in leading industrial and technology-driven businesses, including the sale of T&F Global, an HUD automotive parts manufacturer, and the divestment of Hyundai Heavy Industries Turbo Machinery.

Our role in the transaction

Oaklins’ team in Korea acted as the exclusive sell-side advisor to Paxton Management on the sale of T&F Global to H&Q Korea. The team advised Paxton Management throughout the transaction, delivering a successful exit and ensuring seamless execution in a competitive process. This deal highlights its deep expertise in advising financial sponsors on deals in the industrial and automotive technology sectors.