M&A Deal Summary

MBK Partners HK Acquires Orange Life

On August 26, 2013, private equity firm MBK Partners HK acquired insurance company Orange Life from ING Groep for 1.7B USD

Acquisition Highlights
  • This is MBK Partners HK’s 2nd transaction in the Insurance sector.
  • This is MBK Partners HK’s 4th largest (disclosed) transaction.
  • This is MBK Partners HK’s 8th transaction in South Korea.
Investment Fate
  • Orange Life was sold to a publicly-traded strategic buyer in 2019.

M&A Deal Summary
Date 2013-08-26
Target Orange Life
Sector Insurance
Buyer(s) MBK Partners HK
Sellers(s) ING Groep
Deal Type Divestiture
Deal Value 1.7B USD

Target

Orange Life

Seoul, South Korea
Orange Life is a South Korean life insurance unit. Orange Life was founded in 1987 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

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 18 of 44
Sector (Insurance) 2 of 2
Type (Divestiture) 3 of 7
Country (South Korea) 8 of 21
Year (2013) 3 of 4
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 NEPA

Seoul, South Korea

NEPA is an outdoor player which designs and manufactures a full line of outdoor apparel and equipment under its proprietary NEPA brand. NEPA also distributes its products through over 300 exclusive stores. NEPA was founded in 2012 and is based in Seoul, South Korea.

Buy $521M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 Coway

Seoul, South Korea

Coway has been dedicated to researching & developing solutions to combat Air Pollution problem. Coway has progressively improved lives of millions of individuals by offering unique Air Purifiers with Patented Filtration Technology. Coway was founded in 1989 and is based in Seoul, South Korea.

Buy -

Seller(S) 1

SELLER

ING Groep

Amsterdam, Netherlands
Category Company
Founded 1762
Sector Financial Services
Employees60,000
Revenue 22.4B USD (2023)
DESCRIPTION
ING branch in central Barcelona.
ING branch in central Barcelona.

ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 9 of 13
Sector (Insurance) 4 of 5
Type (Divestiture) 8 of 12
Country (South Korea) 1 of 1
Year (2013) 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Voya

New York, New York, United States

Voya is a diversified financial services company, that offers retirement, investment, and insurance products within the US. Voya was founded in 1999 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 ING Employee Benefits Global Network

Brussels, Belgium

ING Employee Benefits Global Network is a network of insurance companies working together to provide multinational employers and their employees with the best possible employee benefit solutions worldwide.

Sell -
Mergr

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