MBK Partners
Type | Private Ownership |
---|---|
Industry | Private Equity |
Founded | 2005 |
Founders | Michael ByungJu Kim Kuo-Chuan Kung |
Headquarters | Jongno District, Seoul, South Korea |
AUM | US$25.6 billion (2021)[1] |
Website | https://www.mbkpartnerslp.com |
MBK Partners is a North Asian focused private equity firm. It is the largest private equity firm based in South Korea.[2][3]
Overview[]
MBK partners was founded in 2005 by Michael ByungJu Kim, Kuo-Chuan Kung and several other senior Asian executives from the Carlyle Group.[4][5][6]
In January 2022, a 13% stake of the firm was sold to Dyal Capital Partners.[6]
MBK partners head office is in Seoul[7] with additional offices in Beijing, Hong Kong, Shanghai and Tokyo.[8]
The firm has two main businesses, Buyouts and Special Situations.[9] MBK Partners' investment focus is in North Asia, namely South Korea as well as China, Hong Kong and Japan.[9] It offers capital structure balancing, company merger, company acquisitions, financial consulting and other services.
Funds[]
Fund[10] | Vintage Year | Committed Capital ($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[]
- ^ "MBK pays US$1 billion for five maritime theme parks from Haichang". South China Morning Post. 24 December 2021.
- ^ "The continued rise of South Korean private equity" (PDF). McKinsey & Company. July 2018.
{{cite web}}
: CS1 maint: url-status (link) - ^ 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.
- ^ "MBK Partners Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 2021-06-18.
- ^ "Michael Kim". Forbes. Retrieved 2021-12-24.
- ^ 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) - ^ "MBK Partners (MBK Partners) - Asset Manager, South Korea - SWFI". www.swfinstitute.org.
- ^ "Contact". MBK Partners. Retrieved 15 January 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ a b "Strategy". MBK Partners. Retrieved 15 January 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ "MBK Partners | Palico". www.palico.com. Retrieved 2021-01-15.
- ^ 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.
- ^ "MBK Takes Over Universal Studios Japan". koreatimes. 2009-05-26. Retrieved 2021-01-15.
- ^ 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.
- ^ "Tesco sells South Korea stores for £4bn". BBC News. 2015-09-07. Retrieved 2021-01-15.
- ^ "HK tycoon Woo's Wharf agrees to sell telecom unit to TPG, MBK for $1.2 bln". finance.yahoo.com. Retrieved 2021-01-15.
- ^ 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.
- ^ "Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners". CNBC. 2019-02-20. Retrieved 2021-01-15.
External links[]
- Alternative investment management companies
- Private equity firms of Asia-Pacific
- Financial services companies established in 2005
- South Korean companies established in 2005
- Companies based in Seoul
- Investment management companies of South Korea