South Korean private equity firm
MBK Partners (MBKP) is a
private equity firm focused on North Asia.
[2] According to Forbes, MBK Partners is one of the largest private equity firms in Asia.
[3]
In 2023,
Private Equity International , ranked MBK Partners as the eighth largest private equity firm in Asia based on total fundraising over the most recent five-year period.
[4]
Overview
MBK Partners was founded in 2005 by
Michael ByungJu Kim and several other senior Asian executives from the
Carlyle Group .
[2]
[5]
[6]
[7]
[8]
In January 2022, a 13% stake of the firm was sold to
Dyal Capital Partners .
[8]
MBK Partners' investment focus is in North Asian regions, namely
China ,
Japan and
South Korea .
[2]
[3]
MBK Partners has offices in
Beijing ,
Hong Kong ,
Seoul ,
Shanghai and
Tokyo .
[9]
Funds
Fund
[10]
Vintage Year
Committed Capital ($m)
MBK Partners I
2005
USD 1,560
MBK Partners II
2009
USD 1,500
MBK Partners III
2013
USD 2,700
MBK Partners IV
2016
USD 4,100
Special Situations I
2018
USD 850
[11]
MBK Partners V
2020
USD 6,500
Special Situations II
2020
USD 1,800
[8]
MBK Partners VI
2023
USD 7,000
[12]
Notable transactions
In May 2009, MBKP and
Goldman Sachs acquired a 98.3% stake in
Universal Studios Japan for US$ 1.4 billion.
[13]
In August 2013, MBKP acquired
ING 's South Korean insurance unit for total cash proceeds of 1.84 trillion won ($1.65 billion).
[14]
In November 2014, MBKP 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 MBKP,
CPPIB and
Temasek Holdings for £4 billion.
[15]
In October 2016, MBKP and
TPG Capital acquired
Wharf T&T from
The Wharf (Holdings) for HK$9.5 billion ($1.2 billion).
[16] In August 2018, Wharf T&T was sold to Hong Kong's telecom operator
HKBN for HK$10.5 billion ($1.34 billion).
[17]
In February 2019, MBKP acquired
Godiva Chocolatier 's Asian-Pacific operations for $1.5 billion.
[18]
References
^
"Form ADV" (PDF) . SEC .
Archived (PDF) from the original on 20 February 2023. Retrieved 24 November 2022 .
^
a
b
c Global, K. E. D.
"MBK's deals rank among top 2021 PE exits in N.Asia" . KED Global .
Archived from the original on 15 July 2023. Retrieved 15 July 2023 .
^
a
b Flanner, Russell (23 December 2021).
"MBK Wraps Up China Theme Park Purchases Worth $950 Million" . Forbes .
Archived from the original on 20 May 2022. Retrieved 16 March 2024 . MBK is one of Asia's largest private equity businesses with $25 billion of assets under management.
^
"PEI 300 | The Largest Private Equity Firms in the World" . Private Equity International . 1 June 2023.
Archived from the original on 31 May 2023. Retrieved 22 July 2023 .
^ Staff, P. E. I. (30 December 2012).
"Kim launches MBK Partners" . Private Equity International .
Archived from the original on 15 July 2023. Retrieved 15 July 2023 .
^ Global, K. E. D.
"MBK Partners co-founder tops 50 richest S.Koreans: Forbes" . KED Global .
Archived from the original on 15 July 2023. Retrieved 15 July 2023 .
^
"Michael Kim" . Forbes .
Archived from the original on 23 December 2021. Retrieved 24 December 2021 .
^
a
b
c Chan, Cathy (12 January 2022).
"Billionaire Michael Kim's Private Equity Firm Sells Stake to Dyal Capital" . www.bloomberg.com .
Archived from the original on 12 January 2022. Retrieved 12 January 2022 .
^
"Contact" . MBK Partners .
Archived from the original on 4 December 2020. Retrieved 15 January 2021 .
^
"MBK Partners | Palico" . www.palico.com . Retrieved 15 January 2021 .
^ Edition, The Korea Economic Daily Global.
"MBK Partners sees 2nd special situations fund launch in H2" . The Korea Economic Daily Global Edition .
Archived from the original on 21 January 2021. Retrieved 15 January 2021 .
^ Wang, Eudora (10 November 2023).
"China, Japan and South Korea-focused MBK raising sixth flagship fund" . Nikkei Asia .
Archived from the original on 12 March 2024. Retrieved 2 March 2024 .
^
"MBK Takes Over Universal Studios Japan" . koreatimes . 26 May 2009.
Archived from the original on 20 May 2022. Retrieved 15 January 2021 .
^ Thomas, Joyce Lee, Denny (26 August 2013).
"ING's Asia exit plan nears end as MBK agrees to buy South Korea unit" . Reuters .
Archived from the original on 18 May 2021. Retrieved 15 January 2021 . {{
cite news }}
: CS1 maint: multiple names: authors list (
link )
^
"Tesco sells South Korea stores for £4bn" . BBC News . 7 September 2015.
Archived from the original on 8 September 2015. Retrieved 15 January 2021 .
^
"HK tycoon Woo's Wharf agrees to sell telecom unit to TPG, MBK for $1.2 bln" . finance.yahoo.com .
Archived from the original on 20 May 2022. Retrieved 15 January 2021 .
^ Rai, Kane Wu, Sonam (8 August 2018).
"Hong Kong's telecom operator HKBN to buy WTT in $1.34 billion deal" . Reuters .
Archived from the original on 20 May 2022. Retrieved 15 January 2021 . {{
cite news }}
: CS1 maint: multiple names: authors list (
link )
^
"Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners" . CNBC . 20 February 2019.
Archived from the original on 4 February 2021. Retrieved 15 January 2021 .
External links
Investment types
History Terms and concepts
Investors Related financial terms