MBK Partners Ltd.
Company typePrivate Ownership
IndustryPrivate Equity
Founded2005; 19 years ago (2005)
FoundersMichael ByungJu Kim
AUMUS$25.6 billion (2021)[1]
Websitewww.mbkpartnerslp.com
Footnotes / references
[2]

MBK Partners (MBKP) is a private equity firm focused on North Asia.[3] According to Forbes, MBK Partners is one of the largest private equity firms in Asia, managing $25 billion worth of assets.[4]

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.[5]

Overview

MBK Partners was founded in 2005 by Michael ByungJu Kim and several other senior Asian executives from the Carlyle Group.[3][6][7][8][9]

In January 2022, a 13% stake of the firm was sold to Dyal Capital Partners.[9]

MBK Partners' investment focus is in North Asian regions, namely China, Japan and South Korea.[3][4]

MBK Partners has offices in Beijing, Hong Kong, Seoul, Shanghai and Tokyo.[10]

Funds

Fund[11] 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[12]
MBK Partners V 2020 USD 6,500
Special Situations II 2020 USD 1,800[9]

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

  1. ^ "MBK pays US$1 billion for five maritime theme parks from Haichang". South China Morning Post. 24 December 2021.
  2. ^ "Form ADV" (PDF). SEC. Retrieved 24 November 2022.
  3. ^ a b c Global, K. E. D. "MBK's deals rank among top 2021 PE exits in N.Asia". KED Global. Retrieved 15 July 2023.
  4. ^ a b Flanner, Russell (23 December 2021). "MBK Wraps Up China Theme Park Purchases Worth $950 Million". Forbes. MBK is one of Asia's largest private equity businesses with $25 billion of assets under management.
  5. ^ "PEI 300 | The Largest Private Equity Firms in the World". Private Equity International. 1 June 2023. Retrieved 22 July 2023.
  6. ^ Staff, P. E. I. (30 December 2012). "Kim launches MBK Partners". Private Equity International. Retrieved 15 July 2023.
  7. ^ Global, K. E. D. "MBK Partners co-founder tops 50 richest S.Koreans: Forbes". KED Global. Retrieved 15 July 2023.
  8. ^ "Michael Kim". Forbes. Retrieved 24 December 2021.
  9. ^ a b c Chan, Cathy (12 January 2022). "Billionaire Michael Kim's Private Equity Firm Sells Stake to Dyal Capital". www.bloomberg.com. Retrieved 12 January 2022.
  10. ^ "Contact". MBK Partners. Retrieved 15 January 2021.
  11. ^ "MBK Partners | Palico". www.palico.com. Retrieved 15 January 2021.
  12. ^ Edition, The Korea Economic Daily Global. "MBK Partners sees 2nd special situations fund launch in H2". The Korea Economic Daily Global Edition. Retrieved 15 January 2021.
  13. ^ "MBK Takes Over Universal Studios Japan". koreatimes. 26 May 2009. Retrieved 15 January 2021.
  14. ^ Thomas, Joyce Lee, Denny (26 August 2013). "ING's Asia exit plan nears end as MBK agrees to buy South Korea unit". Reuters. Retrieved 15 January 2021.((cite news)): CS1 maint: multiple names: authors list (link)
  15. ^ "Tesco sells South Korea stores for £4bn". BBC News. 7 September 2015. Retrieved 15 January 2021.
  16. ^ "HK tycoon Woo's Wharf agrees to sell telecom unit to TPG, MBK for $1.2 bln". finance.yahoo.com. Retrieved 15 January 2021.
  17. ^ Rai, Kane Wu, Sonam (8 August 2018). "Hong Kong's telecom operator HKBN to buy WTT in $1.34 billion deal". Reuters. Retrieved 15 January 2021.((cite news)): CS1 maint: multiple names: authors list (link)
  18. ^ "Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners". CNBC. 20 February 2019. Retrieved 15 January 2021.

External links

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