MBK Partners
MBK sets $6.5b hard cap for fifth North Asia fund
MBK Partners is looking to become the sixth pan-Asian private equity manager to cross the $6 billion threshold, having set the hard cap for its fifth fund at $6.5 billion.
MBK, Mirae buy stake in Asia assets of Korea's CJ CGV
MBK Partners and Mirae Asset Daewoo Private Equity have agreed to pay KRW333.6 billion ($286 million) for a minority position in the China and Southeast Asia assets of Korean cinema chain operator CJ CGV.
MBK to buy majority stake in Korea's Lotte Card for $1.2b
MBK Partners has agreed to assume majority control of the credit card business of South Korean conglomerate Lotte Corporation in a deal worth KRW1.38 trillion ($1.17 billion).
MBK-owned Homeplus abandons plan for Korean REIT
Homeplus, a South Korean supermarket retailer that an MBK Partners-led consortium acquired from Tesco for $6.4 billion in 2015, has abandoned plans for the IPO of a real estate investment trust (REIT).
MBK to buy Asia retail assets from chocolate maker Godiva
MBK Partners has agreed to buy Belgian chocolate maker Godiva’s distribution operations in Japan, South Korea, Australia and New Zealand in a deal reportedly worth more than $1 billion.
MBK completes exit from Korea's Coway
MBK Partners has agreed to sell its remaining stake in Korean water purifier business Coway to a subsidiary of Woongjin Group – the company from which it bought the asset in 2013 – for KRW1.68 trillion ($1.48 billion).
MBK to sell stake in Korean life insurer for $2b
MBK Partners is set for a full exit from ING Life Korea – now known as Orange Life Insurance – after agreeing to sell its majority stake to Shinhan Financial Group for KRW2.29 trillion ($2.04 billion).
Korea buyouts: Local edge
Private equity firms must double down on local networking, due diligence, and value-add capacity as competition for deals intensifies in the Korean buyout market
TPG, MBK agree sale of Wharf T&T to Hong Kong’s HKBN
TPG Capital and MBK Partners have agreed to sell Hong Kong telecom services provider Wharf T&T to internet service provider Hong Kong Broadband Network (HKBN) at an enterprise valuation of HK$10.5 billion ($1.3 billion).
Activist investors in Japan: Governance gambit
Japan's governance reforms have given activist investors more leverage over underperforming companies. PE firms are well positioned to offer solutions to these targets in the form of carve-outs, privatizations, or partnerships
Ocean Link confirms competing bid for China's eHi
Ocean Link, a travel and tourism-focused GP, has confirmed it submitted a competing bid for eHi Car Services, a Chinese car rental business that recently agreed to be privatized by a consortium comprising its chairman and other PE investors.
MBK, Baring Asia agree $937m take-private for China's eHi
A consortium including MBK Partners and Baring Private Equity Asia has agreed to buy US-listed eHi Car Services, China’s second-largest car rental services business, for an enterprise valuation of $937.5 million.
China buyouts: Responsible owners
From privatizations to succession planning to corporate carve-outs, China-focused GPs are seeing an increasing number of control buyout opportunities. But are they positioned to take full advantage?
MBK promotes COO to partner
MBK Partners has promoted Bryan Byungsuk Min, currently the firm’s COO, to partner.
AVCJ Awards 2017: Exit of the Year - Large Cap: Universal Studios Japan
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital have profited handsomely from their efforts to bring more families to Universal Studios Japan
MBK completes tender offer for Japan's Kuroda Electric
MBK Partners has completed its tender offer for Japanese electronic components manufacturer Kuroda Electric, having received support from more than 50% of shareholders for the JPY102 billion ($895 million) deal.
AVCJ at 30: Part Two - The Asian Financial Crisis
Weijian Shan of PAG Asia Capital, Piau-Voon Wang, Dan Carroll of Brooklands Capital Strategies, and Michael Kim of MBK Partners on the impact of the Asian financial crisis
MBK makes tender offer for Japan's Kuroda Electric
MBK Partners has submitted a tender offer for Kuroda Electric – a Japanese electronic components manufacturer that has been under pressure from an activist shareholder – that values the company at approximately JPY102 billion ($895 million).
Nexus Point reaches $200m first close on Greater China fund
Nexus Point, a private equity firm launched by former MBK Partners executive Kuo-Chan Kung, has reached a first close of just over $200 million on its debut Greater China-focused fund.
Japan secondary buyouts: Hand to hand
A series of recent lucrative exits by Japanese GPs have shown that secondary buyouts in the country can deliver
MBK to buy stake in Korean golf course business
MBK Partners, which completed its acquisition of Japanese golf course operator Accordia Golf earlier this year, has agreed to take a stake in the golf course management business of Korea-listed Golfzon.
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.
Asian club deals: Big ambitions
A resurgence in club deal activity has proven symptomatic of the evolution of Asia's private equity buyout market. But while the structure and the nature of deals has changed, the underlying rationale remains fixed
MBK completes exit from Japan's Komeda with 5x return - update
MBK Partners has sold the remainder of its stake in Japan-based coffee shop chain Komeda Holdings JPY24.3 billion ($217 million), securing a 5x return on the overall investment.