MBK Partners
{{Short description|South Korean private equity firm}}
{{Use dmy dates|date=December 2023}}
{{Infobox company
| logo = MBK Partners.png
| logo_size =
| name = MBK Partners Ltd.
| type = Private Ownership
| foundation = {{start date and age|2005}}
| founders = Michael ByungJu Kim
| industry = Private Equity
| aum = US$30 billion {{small|(2023)}}
| homepage ={{URL|https://www.mbkpartnerslp.com}}
}}
MBK Partners (MBKP) is a private equity firm focused on North Asia.{{Cite web |title=MBK's deals rank among top 2021 PE exits in N.Asia |url=https://www.kedglobal.com/private-equity/newsView/ked202111230007 |access-date=15 July 2023 |website=The Korea Economic Daily |language=en |archive-date=15 July 2023 |archive-url=https://web.archive.org/web/20230715024654/https://www.kedglobal.com/private-equity/newsView/ked202111230007 |url-status=live }} According to Forbes, MBK Partners is one of the largest private equity firms in Asia.{{cite news |last1=Flanner |first1=Russell |date=23 December 2021 |title=MBK Wraps Up China Theme Park Purchases Worth $950 Million |work=Forbes |url=https://www.forbes.com/sites/russellflannery/2021/12/23/mbk-wraps-up-china-theme-park-purchases-worth-950-million/?sh=f56c74638d83 |quote=MBK is one of Asia’s largest private equity businesses with $25 billion of assets under management. |access-date=16 March 2024 |archive-date=20 May 2022 |archive-url=https://web.archive.org/web/20220520181439/https://www.forbes.com/sites/russellflannery/2021/12/23/mbk-wraps-up-china-theme-park-purchases-worth-950-million/?sh=f56c74638d83 |url-status=live }}
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.{{Cite web |date=1 June 2023 |title=PEI 300 {{!}} The Largest Private Equity Firms in the World |url=https://www.privateequityinternational.com/pei-300/ |access-date=22 July 2023 |website=Private Equity International |language=en-GB |archive-date=31 May 2023 |archive-url=https://web.archive.org/web/20230531173104/https://www.privateequityinternational.com/pei-300/ |url-status=live }}
Overview
MBK Partners was founded in 2005 by Michael ByungJu Kim and several other senior Asian executives from the Carlyle Group.{{Cite web |last=Staff |first=P. E. I. |date=30 December 2012 |title=Kim launches MBK Partners |url=https://www.privateequityinternational.com/kim-launches-mbk-partners/ |access-date=15 July 2023 |website=Private Equity International |language=en-GB |archive-date=15 July 2023 |archive-url=https://web.archive.org/web/20230715033157/https://www.privateequityinternational.com/kim-launches-mbk-partners/ |url-status=live }}{{Cite web |title=MBK Partners co-founder tops 50 richest S.Koreans: Forbes |url=https://www.kedglobal.com/private-equity/newsView/ked202304180015 |access-date=15 July 2023 |website=The Korea Economic Daily |language=en |archive-date=15 July 2023 |archive-url=https://web.archive.org/web/20230715024651/https://www.kedglobal.com/private-equity/newsView/ked202304180015 |url-status=live }}{{Cite web|title=Michael Kim|url=https://www.forbes.com/profile/michael-kim/|access-date=24 December 2021|website=Forbes|language=en|archive-date=23 December 2021|archive-url=https://web.archive.org/web/20211223013810/https://www.forbes.com/profile/michael-kim/|url-status=live}}{{Cite web |last=Chan |first=Cathy |date=12 January 2022 |title=Billionaire Michael Kim's Private Equity Firm Sells Stake to Dyal Capital |url=https://www.bloomberg.com/news/articles/2022-01-12/billionaire-michael-kim-s-pe-firm-sells-stake-to-dyal-capital |url-status=live |access-date=12 January 2022 |website=www.bloomberg.com |archive-date=12 January 2022 |archive-url=https://web.archive.org/web/20220112044023/https://www.bloomberg.com/news/articles/2022-01-12/billionaire-michael-kim-s-pe-firm-sells-stake-to-dyal-capital }}
In January 2022, a 13% stake of the firm was sold to Dyal Capital Partners.
MBK Partners' investment focus is in North Asian regions, namely China, Japan and South Korea.
MBK Partners has offices in Beijing, Hong Kong, Seoul, Shanghai and Tokyo.{{Cite web |last= |first= |date= |title=Contact |url=https://www.mbkpartnerslp.com/contact/ |archive-url=https://web.archive.org/web/20201204072850/https://www.mbkpartnerslp.com/contact/ |archive-date=4 December 2020 |access-date=15 January 2021 |website=MBK Partners |url-status=live }}
Funds
Notable transactions
In May 2009, MBKP and Goldman Sachs acquired a 98.3% stake in Universal Studios Japan for {{usd}}1.4 billion.{{Cite web|date=26 May 2009|title=MBK Takes Over Universal Studios Japan|url=https://www.koreatimes.co.kr/www/tech/2021/01/693_45691.html|access-date=15 January 2021|website=The Korea Times|language=en|archive-date=20 May 2022|archive-url=https://web.archive.org/web/20220520181439/http://www.koreatimes.co.kr/www/tech/2021/01/693_45691.html|url-status=live}}
In August 2013, MBKP acquired ING's South Korean insurance unit for total cash proceeds of 1.84 trillion won ($1.65 billion).{{Cite news|last=Thomas|first=Joyce Lee, Denny|date=26 August 2013|title=ING's Asia exit plan nears end as MBK agrees to buy South Korea unit|language=en|work=Reuters|url=https://www.reuters.com/article/us-ing-korea-deal-idUSBRE97P04K20130826|access-date=15 January 2021|archive-date=18 May 2021|archive-url=https://web.archive.org/web/20210518051911/https://www.reuters.com/article/us-ing-korea-deal-idUSBRE97P04K20130826|url-status=live}}
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.{{Cite news|date=7 September 2015|title=Tesco sells South Korea stores for £4bn|language=en-GB|work=BBC News|url=https://www.bbc.com/news/business-34171937|access-date=15 January 2021|archive-date=8 September 2015|archive-url=https://web.archive.org/web/20150908051520/http://www.bbc.com/news/business-34171937|url-status=live}}
In October 2016, MBKP and TPG Capital acquired Wharf T&T from The Wharf (Holdings) for HK$9.5 billion ($1.2 billion).{{Cite web|title=HK tycoon Woo's Wharf agrees to sell telecom unit to TPG, MBK for $1.2 bln|url=http://finance.yahoo.com/news/hk-tycoon-woos-wharf-agrees-101826656.html|access-date=15 January 2021|website=finance.yahoo.com|language=en-US|archive-date=20 May 2022|archive-url=https://web.archive.org/web/20220520181453/https://finance.yahoo.com/news/hk-tycoon-woos-wharf-agrees-101826656.html|url-status=live}} In August 2018, Wharf T&T was sold to Hong Kong's telecom operator HKBN for HK$10.5 billion ($1.34 billion).{{Cite news|last=Rai|first=Kane Wu, Sonam|date=8 August 2018|title=Hong Kong's telecom operator HKBN to buy WTT in $1.34 billion deal|language=en|work=Reuters|url=https://www.reuters.com/article/us-wtt-hk-m-a-hkbn-idUSKBN1KS1SV|access-date=15 January 2021|archive-date=20 May 2022|archive-url=https://web.archive.org/web/20220520181439/https://www.reuters.com/article/us-wtt-hk-m-a-hkbn-idUSKBN1KS1SV|url-status=live}}
In February 2019, MBKP acquired Godiva Chocolatier's Asian-Pacific operations for $1.5 billion.{{Cite web|date=20 February 2019|title=Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners|url=https://www.cnbc.com/2019/02/20/chocolatier-godiva-to-sell-asian-pacific-operations-to-mbk-partners.html|access-date=15 January 2021|website=CNBC|language=en|archive-date=4 February 2021|archive-url=https://web.archive.org/web/20210204030249/https://www.cnbc.com/2019/02/20/chocolatier-godiva-to-sell-asian-pacific-operations-to-mbk-partners.html|url-status=live}}
In February 2025, MBKP acquired a controlling stake in FICT, a Japanese semiconductor equipment manufacturer.{{cite web|url=https://www.kedglobal.com/mergers-acquisitions/newsView/ked202502060006|title=MBK Partners acquires controlling stake in FICT|accessdate=March 19, 2025}}
References
{{reflist}}
External links
- {{Official website| https://www.mbkpartnerslp.com/}}
{{Private equity and venture capital}}
Category:Alternative investment management companies
Category:Private equity firms of Asia-Pacific
Category:Financial services companies established in 2005
Category:South Korean companies established in 2005