Modern Comprehensive Mutual Aid
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Modern Comprehensive Mutual Aid - overview
Location
Daejeon, -, South Korea
Primary Industry
Consumer Services
About
Based in Daejeon, South Korea, Modern Mutual Aid operates as a mutual aid company that provides funeral home services. In April 2019, Joun Life, a portfolio company of VIG Partners, acquired Modern Mutual Aid Co. for KRW 5. 7 billion.
In 2020, VIG acquired and merged Preed Life (Freelife) with Joun Life (Good Life), and the merged entity operates under the Preed Life brand. The company specializes in funeral services and commemorative products for a variety of events, such as first birthdays, weddings, celebrations, and cruises. The firm's portfolio of services includes the always together service, which focuses on the value of togetherness and shared experiences during tough times; and the direct, always sincere, and direct always satisfied services, which offer real assistance to consumers seeking funeral preparations. Preed expands its capabilities to include corporate and special events, providing a varied approach to its clients.
Furthermore, the organization offers a variety of product lines, such as always happy, always filled, always precious, I always dream, and always dependable funeral services. The company also provides prepayment installment transactions, mail order services, and cruise trip planning.
Current Investors
Joun Life
Primary Industry
Consumer Services
Sub Industries
Funeral Services, Event Management
Website
www.md1766.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Modern Comprehensive Mutual Aid - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Modern Comprehensive Mutual Aid | - |
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