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.
Talk to the deal team
Related deals
Be-Cloud has been acquired by PSG Equity
Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.
Learn moreMattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreComtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn more