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 "MBK's deals rank among top 2021 PE exits in N.Asia" . The Korea Economic Daily . 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 .
^ "MBK Partners co-founder tops 50 richest S.Koreans: Forbes" . The Korea Economic Daily . 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" . The Korea Times . 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