M&A Deal Summary

MBK Partners HK Acquires Modern House

On May 21, 2017, private equity firm MBK Partners HK acquired furniture company Modern House

Acquisition Highlights
  • This is MBK Partners HK’s 1st transaction in the Furniture sector.
  • This is MBK Partners HK’s 13th transaction in South Korea.

M&A Deal Summary
Date 2017-05-21
Target Modern House
Sector Furniture
Buyer(s) MBK Partners HK
Deal Type Divestiture

Target

Modern House

Seoul , South Korea
website
Modern House is a living goods brand in Korea, currently operating 116 home furnishing stores under the Modern House brand and 32 fancy goods stores under the Butter brand in key locations across the nation. The Company sources and sells a wide range of living goods, including bedding fabrics, kitchenware, living decorations, furniture, and fancy goods. Modern House was founded in 1996 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 26 of 42
Sector (Furniture) 1 of 1
Type (Divestiture) 6 of 7
Country (South Korea) 13 of 19
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 DIG Airgas

Seoul, South Korea

DIG Airgas is equipped with large-scale air separation equipment (ASU), special gas manufacturing facilities, and gas equipment manufacturing facilities in Banwol, Yangsan, Yeocheon, Cheongju, Daejeon, Gumi, Paju, Ulsan, Icheon, and Daesan, etc. From general industrial gas to electronic industry special gas, ultra-high purity pure gas, standard gas, precision mixed gas, medical gas, gas plant, etc., we are producing a variety of products in accordance with world-class quality and environmental management standards. DIG Airgas was founded in 1979 and is based in Seoul, South korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 New China Life Insurance

Beijing, China

New China Life Insurance (“NCI”) is a life insurance company in China, with 8.9% share of the China life insurance market in 2010. NCI offers individual life, annuities, health and accident, investment-linked products and group policies. New China Life Insurance (“NCI”) was founded in 1996 and is based in Beijing, china.

Sell -
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