MBK hires Deutsche executive to co-lead credit strategy
North Asia-focused buyout player MBK Partners has hired Stephen Le, formerly of Deutsche Bank, to co-head a newly-launched fund that will make credit and special situations investments.
Le spent 15 years at Deutsche, of which the last 10 years were spent overseeing credit, distressed products, structured financing and real estate in Asia Pacific. He was also a member of the global executive committee of credit for the region.
Le will work on the new strategy alongside Jay H. Bu, a partner and one of the original MBK team that spun out from The Carlyle Group in 2005. He has led numerous buyouts in Korea and Japan, serving as a board member for the likes of cable TV provider C&M, water purifier manufacturer Coway, and coffee shop chain Komeda Holdings.
“Stephen is widely recognized as one of the leading special situations investors in Asia, and we are pleased to have him join to co-lead our new special situations initiative. This appointment reinforces our commitment to leadership in private equity in North Asia,” said Michael Kim, chairman of MBK, in a statement.
MBK has more than $15 billion under management and focuses on control deals in Korea, Japan, and Greater China. The firm is currently deploying its fourth buyout fund, which closed last December at $4.1 billion.
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