M&A Deal Summary

MBK Partners Acquires Geo-Young

On April 22, 2024, private equity firm MBK Partners acquired distribution company Geo-Young from The Blackstone Group

Acquisition Highlights
  • This is MBK Partners’ 1st transaction in the Distribution sector.
  • This is MBK Partners’ 22nd transaction in South Korea.

M&A Deal Summary

Date 2024-04-22
Target Geo-Young
Sector Distribution
Buyer(s) MBK Partners
Sellers(s) The Blackstone Group
Deal Type Secondary Buyout

Target

Geo-Young

Seoul, South Korea
Geo-Young is a wholesale distributor of pharmaceutical drug products in Korea. Geo-Young serves more than 250 multi-national and domestic pharmaceutical and medical device companies, distributing to more than 11,000 pharmacies, hospitals, and clinics through its nationwide logistics network. Geo-Young was founded in 2002 and is based in Seoul, South Korea.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 47 of 48
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 7
Country: South Korea M&A 22 of 22
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-25 Hitowa

Tokyo, Japan

Hitowa is a corporate group with a nursing care business that operates nursing care homes for the elderly under the Irise brand, a franchise business that mainly provides house cleaning services under the Osoji Honpo brand, and a childcare business that operates licensed nurseries under the Taiyono-ko brand. Hitowa was founded in 1997 and is based in Tokyo, Japan.

Buy ¥90.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-07 FICT

Nagano, Japan

FICT engages in development, design, manufacturing, sales, maintenance of electronic and optical interconnect products for electronic devices and also provides Consulting services on electronic and optical interconnect products for electronic devices. FICT is based in Nagano, Japan.

Buy -

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 178 of 193
Sector: Distribution M&A 2 of 2
Type: Secondary Buyout M&A Deals 21 of 28
Country: South Korea M&A 1 of 1
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 AIR Communities

Denver, Colorado, United States

AIR Communities is a real estate company with a portfolio of 76 communities totaling 27,010 apartment homes located in 10 states and the District of Columbia. AIR offers a predictable business model with focus on what we call the AIR Edge, the cumulative result of our focus on resident selection, satisfaction, and retention, as well as relentless innovation in delivering best-in-class property management. AIR Communities is based in Denver, Colorado.

Buy $10.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 Tropical Smoothie Cafe

Atlanta, Georgia, United States

Tropical Smoothie Cafe is a franchisor of fast-casual cafes with over 1,400 locations in 44 states. It serves smoothies, wraps, sandwiches, and flatbreads across multiple dayparts. Tropical Smoothie Cafe was founded in 1997 and is headquartered in Atlanta, Georgia.

Buy -