MBK exits CNS to Want Want in 2010's biggest Asia result
MBK Partners has completed its exit from Taiwanese cable investee China Network Systems (CNS), selling its 60% stake to the head of local conglomerate Want Want China Holdings for $2.4 billion in 2010's largest Asian private equity exit, and nixing expectations of a possible secondary buyout result.
MBK is selling the CNS stake directly to Tsai Eng Meng, chairman of HKSE-listed Want Want, who originally made his career in snack foods, but has since expanded into media, buying Taiwan's China Times...
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