M&A Deal Summary

MBK Partners HK Acquires LOTTE rental

On March 31, 2010, private equity firm MBK Partners HK acquired building materials company LOTTE rental for 289M KRW

Acquisition Highlights
  • This is MBK Partners HK’s 1st transaction in the Building Materials sector.
  • This is MBK Partners HK’s 15th largest (disclosed) transaction.
  • This is MBK Partners HK’s 6th transaction in South Korea.
Investment Fate
  • LOTTE rental was divested to a financial buyer in 2012.

M&A Deal Summary
Date 2010-03-31
Target LOTTE rental
Sector Building Materials
Buyer(s) MBK Partners HK
Deal Type Divestiture
Deal Value 289M KRW

Target

LOTTE rental

Seoul, South Korea
website
LOTTE Rental is a car rental company, with over 58,000 rental cars in operation. KT Rental is Hertz Rent-a-car’s exclusive Korean partner and rents cars to corporate and individual customers through 139 branches and sales offices nationwide, covering all the major cities and tourist destinations. LOTTE rental was founded in 1986 and is based in Seoul, South Korea.

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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 13 of 42
Sector (Building Materials) 1 of 1
Type (Divestiture) 2 of 7
Country (South Korea) 6 of 19
Year (2010) 1 of 2
Size (of disclosed) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 GSE Investment

Beijing, China

GSE Investment Corp. is a developer and operator of solid waste to energy (“WTE”) and tap water / wastewater treatment projects (“W/WW”). The company manages quality, profitable and operating projects in the regions of Beijing, Shanghai and Jiangsu, including a flagship WTE project in Beijing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-26 China Network Systems

Taipei, Taiwan

China Network Systems is the largest cable television and broadband multiple-systems operator (MSO) in Taiwan, with over 1.2 million subscribers.

Sell $2.0B
Mergr

Product

Company

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