MBK Partners
 | |
| Company type | Private Ownership |
|---|---|
| Industry | Financial services |
| Founded | 2005 |
| Founders | Michael ByungJu Kim |
| Headquarters | Seoul |
Number of locations | Beijing, Hong Kong, Seoul, Shanghai and Tokyo |
| Products | Alternative Investments and Private Equity |
| Total assets | US$22 billion (2020)[1] |
| Website | https://www.mbkpartnerslp.com/ |
MBK Partners is an Asian private equity firm, the largest in South Korea.[2][3] The firm offers capital structure balancing, company merger, company acquisitions, financial consulting and other services.
Overview
MBK Partners' investment focus is in North Asia, namely China, Japan and South Korea. It is headquartered in Seoul with offices in Beijing, Hong Kong, Shanghai and Tokyo.[4]
MBK has two main businesses, Buyouts and Special Situations.[5]
Investment deals
In May 2009, MBK and Goldman Sachs acquired a 98.3% stake in Universal Studios Japan for 1.4 billion.[6]
In August 2013, MBK acquired ING's South Korean insurance unit for total cash proceeds of 1.84 trillion won ($1.65 billion).[7]
In November 2014, MBK sold accounting software maker, Yayoi Co to Japanese financial services provider, Orix Corp for 80 billion yen ($691 million).
In September 2015, Tesco sold its South Korean business, Homeplus, to MBK, CPPIB and Temasek Holdings for £4 billion.[8]
In October 2016, MBK and TPG Capital acquired Wharf T&T from The Wharf (Holdings) for HK$9.5 billion ($1.2 billion).[9] In August 2018, Wharf T&T was sold to Hong Kong's telecom operator HKBN for HK$10.5 billion ($1.34 billion).[10]
In February 2019, MBK acquired Godiva Chocolatier's Asian-Pacific operations for $1.5 billion.[11]
Funds
| Fund[12] | Vintage Year | Committed Capital ($m) |
|---|---|---|
| MBK Partners I | 2005 | USD 1,560 |
| MBK Partners II | 2009 | USD 1,500 |
| MBK Partners III | 2013 | USD 2,700 |
| MBK Partners IV | 2016 | USD 4,100 |
| Special Situations I | 2018 | USD 850[13] |
| MBK Partners V | 2020 | USD 6,500 |
Current investments
As per company website:[14]
MBK Partners I
- D’Live
- D’Live Gangnam
MBK Partners II
- NEPA
- Young Hwa Engineering
MBK Partners III
MBK Partners IV
- eHi Car Services
- Godiva Japan
- Golfzon County
- Kuroda Electric
- Lotte Card
- MH&Co.
- Siyanli
- Wendu Education Group
Special Situations I
- BHC
- CGI Holdings
References
- ^ "MBK Partners Led Investors in Talks to Take Chinese Auto Rental Firm Car Inc Private for USD 850mn". Analyzemarkets.com.
- ^ "The continued rise of South Korean private equity" (PDF). McKinsey & Company. July 2018.
{{cite web}}: CS1 maint: url-status (link) - ^ Shin; Chung, Kim-Joon Hyug; Song, Chang-Hyun; Lee, Tong-Gun; Shin, Dong Il; Myong-HyonRyu; Kun, Tong. "Private equity investing in South Korea | Lexology". www.lexology.com. Retrieved 2021-01-15.
- ^ "Contact". MBK Partners. Retrieved 15 January 2021.
{{cite web}}: CS1 maint: url-status (link) - ^ "Strategy". MBK Partners. Retrieved 15 January 2021.
{{cite web}}: CS1 maint: url-status (link) - ^ "MBK Takes Over Universal Studios Japan". koreatimes. 2009-05-26. Retrieved 2021-01-15.
- ^ Thomas, Joyce Lee, Denny (2013-08-26). "ING's Asia exit plan nears end as MBK agrees to buy South Korea unit". Reuters. Retrieved 2021-01-15.
{{cite news}}: CS1 maint: multiple names: authors list (link) - ^ "Tesco sells South Korea stores for £4bn". BBC News. 2015-09-07. Retrieved 2021-01-15.
- ^ "HK tycoon Woo's Wharf agrees to sell telecom unit to TPG, MBK for $1.2 bln". finance.yahoo.com. Retrieved 2021-01-15.
- ^ Rai, Kane Wu, Sonam (2018-08-08). "Hong Kong's telecom operator HKBN to buy WTT in $1.34 billion deal". Reuters. Retrieved 2021-01-15.
{{cite news}}: CS1 maint: multiple names: authors list (link) - ^ "Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners". CNBC. 2019-02-20. Retrieved 2021-01-15.
- ^ "MBK Partners | Palico". www.palico.com. Retrieved 2021-01-15.
- ^ Edition, The Korea Economic Daily Global. "MBK Partners sees 2nd special situations fund launch in H2". The Korea Economic Daily Global Edition. Retrieved 2021-01-15.
- ^ "Portfolio". MBK Partners. Retrieved 15 January 2021.
{{cite web}}: CS1 maint: url-status (link)
