M&A Deal Summary

MBK Partners Acquires NEPA

On April 1, 2013, private equity firm MBK Partners acquired retailer NEPA from Unitas Capital for 521M USD

Acquisition Highlights
  • This is MBK Partners’ 1st transaction in the Retail sector.
  • This is MBK Partners’ 11th largest (disclosed) transaction.
  • This is MBK Partners’ 7th transaction in South Korea.

M&A Deal Summary

Date 2013-04-01
Target NEPA
Sector Retail
Buyer(s) MBK Partners
Sellers(s) Unitas Capital
Deal Type Secondary Buyout
Deal Value 521M USD

Target

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.

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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 17 of 48
Sector: Retail M&A 1 of 6
Type: Secondary Buyout M&A Deals 2 of 7
Country: South Korea M&A 7 of 22
Year: 2013 M&A 2 of 4
Size (of disclosed) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 Komeda

Nagoya, Japan

Komeda owns and operates a franchise chain of coffee shops. Komeda was founded in 1968 and is based in Nagoya, Japan.

Buy $448M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 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.

Buy $1.7B

Seller(S) 1

SELLER

Unitas Capital

Hong Kong, China

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unitas Capital is a private equity firm focused on buyouts and growth capital investments in medium-to-large sized businesses across Asia. Unitas targets opportunities throughout Australia & New Zealand, Greater China, Korea, Japan and Singapore. Areas of interest include branded consumer, retail and industrial manufacturing/services. Unitas dates back to 1999 (when it was part of and known as J.P. Morgan Partners Asia) and has offices in Hong Kong and Shanghai.


DEAL STATS #
Overall 11 of 13
Sector: Retail M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
Country: South Korea M&A 4 of 4
Year: 2013 M&A 1 of 3
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-28 ZNV

Shenzhen, China

ZNV is a surveillance and monitoring solution provider in China, providing integrated power and environmental monitoring systems and video surveillance solutions to domestic Chinese and international customers in a variety of industries including telecom operators, public securities, power and energy, transportation, etc. ZNV was formed in 2005 and is based in Shenzhen, China.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Exego Group Pty

Mulgrave, Australia

Exego Group is Australasia's leading provider of automotive aftermarket parts and accessories, servicing both trade and retail customers through a network of 435 stores across Australia and New Zealand. The Company operates through 4 divisions: Repco Australia/Repco NZ (aftermarket resellers); Ashdown Ingram (specialist supplier of auto electrical & thermal products); McLeod Accessories (motorcycle accessories) and Motospecs (specialty products).

Sell $800M