M&A Deal Summary

MBK Partners Acquires China Network Systems Co.

On July 1, 2007, private equity firm MBK Partners acquired communications company China Network Systems Co. for 1.5B USD

Acquisition Highlights
  • This is MBK Partners’ 1st transaction in the Communications sector.
  • This is MBK Partners’ 6th largest (disclosed) transaction.
  • This is MBK Partners’ 1st transaction in Taiwan.
Investment Fate
  • China Network Systems Co. was sold to a strategic buyer in 2010 for 2.0B USD.
  • China Network Systems Co. was sold to a publicly-traded strategic buyer in 2010 for 2.0B USD.

M&A Deal Summary

Date 2007-07-01
Target China Network Systems Co.
Sector Communications
Buyer(s) MBK Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.5B USD

Target

China Network Systems Co.

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

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Buyer(S) 1

Buyer

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 4 of 49
Sector: Communications M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 19
Country: Taiwan M&A 1 of 2
Year: 2007 M&A 1 of 2
Size (of disclosed) 6 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Hanmi Capital Co.

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