M&A Deal Summary

MBK Partners Acquires Invoice

On December 6, 2010, private equity firm MBK Partners acquired business services company Invoice for 211M USD

Acquisition Highlights
  • This is MBK Partners’ 1st transaction in the Business Services sector.
  • This is MBK Partners’ 16th largest (disclosed) transaction.
  • This is MBK Partners’ 3rd transaction in Japan.
Investment Fate
  • Invoice was sold to a consortium of financial buyers in 2013.
  • Invoice was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2010-12-06
Target Invoice
Sector Business Services
Buyer(s) MBK Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 211M USD

Target

Invoice

Tokyo, Japan
Invoice is a telecommunications bill aggregation service provider for corporations and a top value-added reseller for telecom carriers in Japan. In addition, Invoice has an individual services business that provides internet and VoIP service to a niche market segment. Invoice was founded in Tokyo, Japan.

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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 14 of 49
Sector: Business Services M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 19
Country: Japan M&A 3 of 14
Year: 2010 M&A 2 of 2
Size (of disclosed) 16 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-26 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.

Sell $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-16 Gala Television Group

Taipei, Taiwan

Gala TV (“GTV”) is one of the leading TV channel operators in Taiwan, broadcasting a mixture of in-house produced, commissioned and acquired content over the cable TV network. Through the years, GTV has produced and accumulated a library of many popular Chinese language TV programs.

Sell -