M&A Deal Summary

Acuon Capital Acquires HK Savings Bank

On July 1, 2016, Acuon Capital acquired financial services company HK Savings Bank from MBK Partners

Acquisition Highlights
  • This is Acuon Capital’s 1st transaction in the Financial Services sector.
  • This is Acuon Capital’s 1st transaction in South Korea.

M&A Deal Summary

Date 2016-07-01
Target HK Savings Bank
Sector Financial Services
Buyer(s) Acuon Capital
Sellers(s) MBK Partners
Deal Type Add-on Acquisition

Target

HK Savings Bank

Seoul, South Korea
HK Savings Bank is a provider of corporate lending, project financing, mortgage loans and consumer loans. HK Savings Bank was founded in 1972 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Acuon Capital

Seoul, South Korea

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

Acuon Capital is a consumer finance and leasing company. Acuon Capital was founded in 2006 and is based in Seoul, South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

MBK Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 30.0B 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 11 of 21
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 11
Country: South Korea M&A 4 of 8
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Beijing Bowei Airport Support

Beijing, China

Beijing Bowei Airport Support is the largest airport facilities operations and maintenance service provider in China. The Company is the sole provider of facilities operations and maintenance services to Beijing Capital International Airport, the largest airport in China. Major facilities maintained by the Company include the baggage handling system, passenger boarding bridges, information display systems, internal and public communications systems, power supply and cargo facilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 WTT HK

Hong Kong, China

WTT HK Ltd. is the only enterprise-focused fixed telecommunication services operator with significant fixed-line infrastructure in Hong Kong. WTT has already invested over HK$7 billion in its network to create a leading fiber-optic end-to-end network in Hong Kong covering more than 5,500 commercial buildings. Together with a robust in-house service engine offering a comprehensive range of ICT products and bespoke services, WTT is a trusted partner of its diverse base of over 56,000 business customers serving their mission-critical needs.

Buy HK$9.5B