M&A Deal Summary

MBK Partners HK Acquires Yayoi

On September 28, 2007, private equity firm MBK Partners HK acquired software company Yayoi from Livedoor for 611M USD

Acquisition Highlights
  • This is MBK Partners HK’s 1st transaction in the Software sector.
  • This is MBK Partners HK’s 8th largest (disclosed) transaction.
  • This is MBK Partners HK’s 1st transaction in Japan.
Investment Fate
  • Yayoi was sold to a publicly-traded strategic buyer in 2014.
  • Yayoi was divested to a consortium of buyers in 2021.

M&A Deal Summary
Date 2007-09-28
Target Yayoi
Sector Software
Buyer(s) MBK Partners HK
Sellers(s) Livedoor
Deal Type Divestiture
Deal Value 611M USD

Target

Yayoi

Tokyo, Japan
website
Yayoi is a financial and accounting software service company. Yayoi also provides software related to other functions, including payroll, sales force automation and customer relations management. Yayoi was founde din 1978 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

MBK Partners HK

Hong Kong, China

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 25.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MBK Partners is a private equity firm focused on opportunities throughout Northern Asia (Korea, Japan, China, and Taiwan). MBK specializes in a variety of transactions, including management buy-outs, corporate divestitures, take privates, and add-on acquisitions and will consider both majority and minority positions. Sectors of interest include telecommunication/media, financial services, heavy industrials, consumer, pharmaceuticals, and business services. MBK Partners was formed in 2005 and is based in Hong Kong. The Firm has additional offices in Seoul, Tokyo, and Shanghai.

DEAL STATS #
Overall 5 of 42
Sector (Software) 1 of 1
Type (Divestiture) 1 of 7
Country (Japan) 1 of 11
Year (2007) 2 of 2
Size (of disclosed) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Hanmi Capital

Seoul, South Korea

Hanmi Capital is a provider of lease financing primarily for auto and medical equipment in Korea. In auto leasing, its core business segment, the Company provides lease financing to both new cars (imported and domestic) and used cars.

Sell $290M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Luye Pharma

Singapore, Singapore

Luye Pharma is a Chinese specialty pharmaceutical company focusing on drug-delivery systems. The Company engages in the development, manufacturing and sale of patented prescription medicines in oncology, cardiovascular, orthopedics, neurology and gastrointestinal fields. Luye Pharma was founded in 1994 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

Livedoor

Tokyo, Japan
Category Company
Founded 1996
Sector Internet Software and Services
DESCRIPTION

Livedoor Co.,Ltd. provides computer network services.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Divestiture) 2 of 2
Country (Japan) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 KAZAKA Financial Group

Chuo-ku, Japan

KAZAKA Financial Group Co., Ltd. engages in brokerage and consumer credit activities.

Sell -
Mergr

Product

Company

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