Daishin Private Equity, a private equity fund manager that has expanded investments in advanced industries such as artificial intelligence, semiconductors, and aerospace, is accelerating efforts to recoup its investments.
Telepix, an AI-based satellite solutions company backed by Daishin PE, recently filed for a preliminary listing review with the Korea Exchange, moving closer to an initial public offering. Next Aerospace, which develops vertical takeoff and landing (VTOL) drones and AI-based swarm flight technology, is also preparing for an IPO after selecting an underwriter.
According to the investment banking industry on Tuesday, Telepix recently submitted a preliminary review application to the exchange, officially launching its IPO process. Telepix is an AI-based aerospace company that provides optical payloads for satellites, satellite mission planning and operations, and data analysis and utilization solutions. The company has drawn attention in the global market for combining satellite hardware and software based on AI to lower operating costs and improve efficiency. Telepix recently signed a contract to supply electro-optical camera systems for the Hungarian government's Earth observation satellite program.
Daishin PE participated in Telepix's pre-IPO funding round earlier this year. If the company clears the preliminary review and proceeds smoothly with its IPO, Daishin PE is expected to be able to recoup its investment over the medium to long term. Telepix has recently been expanding its business into AI-based solutions, including satellite data analysis. The company passed a technology evaluation based on the expertise it has accumulated in the aerospace industry and its AI capabilities.
Next Aerospace is also making progress with its IPO preparations. Risks related to duplicate listings have eased as the stake held by Vessel, a KOSDAQ-listed company and former major shareholder, has fallen below 5%. Next Aerospace was the first company in Korea to develop VTOL drone technology and has recently been working on AI technologies such as autonomous swarm flight. Daishin PE invested in the aviation technology firm last year.
Daishin PE has executed more than 100 billion won in new investments annually over the past five years. During the same period, its average annual recovery amount is known to have exceeded 150 billion won.
