MBK Partners
 | |
| Company type | Private Ownership |
|---|---|
| Industry | Private Equity |
| Founded | 2005 |
| Founders | Michael ByungJu Kim |
| AUM | US$25.6 billion (2021)[1] |
| Website | https://www.mbkpartnerslp.com |
| Footnotes / references [2] | |
MBK Partners (MBKP) is a South Korean private equity firm focused on North Asia.[3] According to Forbes, MBK Partners is one of the largest private equity firms in Asia, managing $25 billion worth of assets.[4]
In 2023, Private Equity International, ranked MBK Partners as the eighth largest private equity firm in Asia based on total fundraising over the most recent five-year period.[5]
Overview
MBK Partners was founded in 2005 by Michael ByungJu Kim and several other senior Asian executives from the Carlyle Group.[3][6][7][8][9]
In January 2022, a 13% stake of the firm was sold to Dyal Capital Partners.[9]
MBK Partners' investment focus is in North Asian regions, namely China, Japan and South Korea.[3][4]
MBK Partners has offices in Beijing, Hong Kong, Seoul, Shanghai and Tokyo.[10]
Funds
| Fund[11] | Vintage Year | Committed Capital ($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[12] |
| MBK Partners V | 2020 | USD 6,500 |
| Special Situations II | 2020 | USD 1,800[9] |
Notable transactions
In May 2009, MBKP and Goldman Sachs acquired a 98.3% stake in Universal Studios Japan for US$1.4 billion.[13]
In August 2013, MBKP acquired ING's South Korean insurance unit for total cash proceeds of 1.84 trillion won ($1.65 billion).[14]
In November 2014, MBKP 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 MBKP, CPPIB and Temasek Holdings for £4 billion.[15]
In October 2016, MBKP and TPG Capital acquired Wharf T&T from The Wharf (Holdings) for HK$9.5 billion ($1.2 billion).[16] In August 2018, Wharf T&T was sold to Hong Kong's telecom operator HKBN for HK$10.5 billion ($1.34 billion).[17]
In February 2019, MBKP acquired Godiva Chocolatier's Asian-Pacific operations for $1.5 billion.[18]
References
- ^ "MBK pays US$1 billion for five maritime theme parks from Haichang". South China Morning Post. 24 December 2021.
- ^ "Form ADV" (PDF). SEC. Retrieved 24 November 2022.
- ^ a b c Global, K. E. D. "MBK's deals rank among top 2021 PE exits in N.Asia". KED Global. Retrieved 2023-07-15.
- ^ a b Flanner, Russell (December 23, 2021). "MBK Wraps Up China Theme Park Purchases Worth $950 Million". Forbes.
MBK is one of Asia's largest private equity businesses with $25 billion of assets under management.
- ^ "PEI 300 | The Largest Private Equity Firms in the World". Private Equity International. 2023-06-01. Retrieved 2023-07-22.
- ^ Staff, P. E. I. (2012-12-30). "Kim launches MBK Partners". Private Equity International. Retrieved 2023-07-15.
- ^ Global, K. E. D. "MBK Partners co-founder tops 50 richest S.Koreans: Forbes". KED Global. Retrieved 2023-07-15.
- ^ "Michael Kim". Forbes. Retrieved 2021-12-24.
- ^ a b c Chan, Cathy (January 12, 2022). "Billionaire Michael Kim's Private Equity Firm Sells Stake to Dyal Capital". www.bloomberg.com. Retrieved 2022-01-12.
- ^ "Contact". MBK Partners. Retrieved 15 January 2021.
- ^ "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.
- ^ "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.
