MBK Partners

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MBK Partners
TypePrivate Ownership
IndustryPrivate Equity
Founded2005; 17 years ago (2005)
FoundersMichael ByungJu Kim
Kuo-Chuan Kung
HeadquartersJongno District, Seoul, South Korea
AUMUS$25.6 billion (2021)[1]
Websitehttps://www.mbkpartnerslp.com

MBK Partners is a North Asian focused private equity firm. It is the largest private equity firm based in South Korea.[2][3]

Overview[]

MBK partners was founded in 2005 by Michael ByungJu Kim, Kuo-Chuan Kung and several other senior Asian executives from the Carlyle Group.[4][5][6]

In January 2022, a 13% stake of the firm was sold to Dyal Capital Partners.[6]

MBK partners head office is in Seoul[7] with additional offices in Beijing, Hong Kong, Shanghai and Tokyo.[8]

The firm has two main businesses, Buyouts and Special Situations.[9] MBK Partners' investment focus is in North Asia, namely South Korea as well as China, Hong Kong and Japan.[9] It offers capital structure balancing, company merger, company acquisitions, financial consulting and other services.

Funds[]

Fund[10] 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[11]
MBK Partners V 2020 USD 6,500
Special Situations II 2020 USD 1,800[6]

Notable investments[]

Notable transactions[]

In May 2009, MBK and Goldman Sachs acquired a 98.3% stake in Universal Studios Japan for 1.4 billion.[12]

In August 2013, MBK acquired ING's South Korean insurance unit for total cash proceeds of 1.84 trillion won ($1.65 billion).[13]

In November 2014, MBK 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 MBK, CPPIB and Temasek Holdings for £4 billion.[14]

In October 2016, MBK and TPG Capital acquired Wharf T&T from The Wharf (Holdings) for HK$9.5 billion ($1.2 billion).[15] In August 2018, Wharf T&T was sold to Hong Kong's telecom operator HKBN for HK$10.5 billion ($1.34 billion).[16]

In February 2019, MBK acquired Godiva Chocolatier's Asian-Pacific operations for $1.5 billion.[17]

References[]

  1. ^ "MBK pays US$1 billion for five maritime theme parks from Haichang". South China Morning Post. 24 December 2021.
  2. ^ "The continued rise of South Korean private equity" (PDF). McKinsey & Company. July 2018.{{cite web}}: CS1 maint: url-status (link)
  3. ^ Shin; Chung, Kim-Joon Hyug; Song, Chang-Hyun; Lee, Tong-Gun; Shin, Dong Il; Myong-HyonRyu; Kun, Tong. "Private equity investing in South Korea | Lexology". www.lexology.com. Retrieved 2021-01-15.
  4. ^ "MBK Partners Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 2021-06-18.
  5. ^ "Michael Kim". Forbes. Retrieved 2021-12-24.
  6. ^ 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.{{cite web}}: CS1 maint: url-status (link)
  7. ^ "MBK Partners (MBK Partners) - Asset Manager, South Korea - SWFI". www.swfinstitute.org.
  8. ^ "Contact". MBK Partners. Retrieved 15 January 2021.{{cite web}}: CS1 maint: url-status (link)
  9. ^ a b "Strategy". MBK Partners. Retrieved 15 January 2021.{{cite web}}: CS1 maint: url-status (link)
  10. ^ "MBK Partners | Palico". www.palico.com. Retrieved 2021-01-15.
  11. ^ 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.
  12. ^ "MBK Takes Over Universal Studios Japan". koreatimes. 2009-05-26. Retrieved 2021-01-15.
  13. ^ 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.
  14. ^ "Tesco sells South Korea stores for £4bn". BBC News. 2015-09-07. Retrieved 2021-01-15.
  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.
  16. ^ 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.
  17. ^ "Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners". CNBC. 2019-02-20. Retrieved 2021-01-15.

External links[]

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