MBK Partners
MBK to buy Modern House from Korea's E-Land for $626m
MBK Partners has agreed to buy Modern House, the household and consumer goods unit of Korean retail giant E-Land Group, for KRW700 billion ($626 million).
MBK secures partial exit from Korea's Coway
MBK Partners has sold part of its stake in Korean water purifier business Coway – having abandoned plans for a full exit last year – generating proceeds of approximately KRW370 billion ($330 million).
MBK-owned ING Life to raise $972m in Korea IPO
MBK Partners will make a partial exit from ING Life Korea as the insurer raises KRW1.1 billion ($972 million) in its domestic IPO.
MBK set for a second stint with Japanese jeweler Tasaki
MBK Partners has submitted a JPY31.5 billion ($286 million) buyout offer for Japanese jewelry retailer Tasaki & Co – a Tokyo-listed company it previously backed in 2008 and exited seven years later.
Ex-MBK Greater China head to launch private equity firm
Kuo-Chan Kung, former head of Greater China at MBK Partners (pictured), is launching his own private equity firm called Nexus Point Partners.
Comcast takes full ownership of Japan's USJ, PE firms to exit
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital will fully exit Universal Studios Japan (USJ) after Comcast NBCUniversal agreed to buy the 49% of the company it doesn’t already own for JPY254.8 billion ($2.3 billion).
MBK to buy Korean gas business from Goldman consortium
MBK Partners has agreed to buy Daesung Industrial Gases from a Goldman Sachs-led consortium that has majority-owned the South Korean industrial gas manufacturer since July 2014.
Buyouts: More trouble in Taiwan
The collapse of a Morgan Stanley Private Equity Asia-backed bid to acquire CNS from MBK Partners once again underlines the challenges facing buyout investors in Taiwan, on entry and exit
MBK-owned ING Life files for Korea IPO
ING Life Korea, a Korean insurer that MBK Partners acquired in 2013 from ING Groep, has applied for regulatory approval for a domestic IPO.
MSPEA, Far EasTone abandon bid for Taiwan's CNS
Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications have withdrawn their bid for Taiwan cable TV operator China Network Systems (CNS) after the deal became bogged down by regulatory reviews.
NYSTRS commits $100m to MBK's fourth North Asia fund
New York State Teachers’ Retirement System (NYSTRS) has disclosed a commitment of $100 million to MBK Partners’ fourth North Asia buyout fund, which closed at $4.1 billion in December 2016.
MBK closes fourth North Asia fund at $4.1b
MBK Partners has reached a first and final close on its fourth North Asia-focused buyout fund at $4.1 billion, a significant step up from the $2.7 billion it raised for Fund III.
MBK submits tender offer for Tokyo-listed Accordia Golf
MBK Partners has submitted a tender offer for listed Japanese golf course operator Accordia Golf that values the business at approximately JPY102.5 billion ($912 million).
MBK loses Greater China head KC Kung
Kuo-Chan Kung, partner and head of Greater China at MBK Partners – and a member of the original team that spun out from The Carlyle Group in 2005 – is leaving the firm.
MBK, TPG to buy Wharf’s telecom business for $1.2b
MBK Partners and TPG Capital have agreed to acquire Hong Kong telecom services provider Wharf T&T from its parent company The Wharf Holdings for HK$9.5 billion ($1.2 billion).
Taiwan regulator postpones decision on CNS deal
The Taiwan government has declined to approve the acquisition of cable television provider China Network Systems (CNS) by Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications, asking the National Communications Commission (NCC)...
MBK shelves plan to exit Korea's Coway
MBK Partners has suspended plans to sell its holding in listed South Korean water purifier business Coway because the stock is thought to be undervalued.
2Q analysis: Flattering to deceive?
China shores up Asia investment activity, driven by tech-related deals; robust VC fundraising in China, Southeast Asia masks weak region-wide activity; volatility prolongs the exits downturn
MBK makes partial exit as Komeda IPO raises $588m
MBK Partners has made a partial exit from Japan-based coffee shop chain Komeda Coffee after the company raised JPY60.2 billion ($588 million) through an IPO on the Tokyo Stock Exchange.
MBK-owned Komeda Coffee wins approval for Japan IPO
Komeda Coffee, a coffee shop chain owned by North Asia-focused MBK Partners, has won approval for a Tokyo IPO. The indicative price suggested the offering will be worth up to JPY60.2 billion ($547.4 million).
Kyobo Life bids for MBK-owned ING Life Korea
Kyobo Life Insurance, Korea’s third-largest insurer, has entered the bidding process for MBK Partners-owned ING Life Korea.
MBK named preferred bidder for Doosan Infracore unit
MBK Partners has been chosen as the preferred bidder for the machine tools division of South Korean conglomerate Doosan Infracore, replacing Standard Chartered Private Equity (SCPE).
Taiwan's Fair Trade Commission approves CNS sale
Taiwan’s Fair Trade Commission has approved the acquisition of cable television provider China Network Systems (CNS) by Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications.
Korea's CJ withdraws from bidding for MBK-controlled Coway
South Korean conglomerate CJ Corporation decided against submitting a final bid for a controlling stake in Coway, a domestic water purifier manufacturer, controlled by MBK Partners.