M&A Deal Summary

MBK Partners Acquires Wendu

On September 1, 2019, private equity firm MBK Partners acquired education company Wendu

Acquisition Highlights
  • This is MBK Partners’ 1st transaction in the Education sector.
  • This is MBK Partners’ 8th transaction in China.

M&A Deal Summary

Date 2019-09-01
Target Wendu
Sector Education
Buyer(s) MBK Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Wendu

Beijing, China
Wendu is a National Graduate Entrance Examination (“NGEE”) tutoring and non-degree vocational training service company. It operates nearly 1,000 learning centers in 32 provinces, providing tutoring services to over 120,000 students annually. Wendu was founded in 1996 and is based in Beijing, China.

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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 34 of 48
Sector: Education M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 19
Country: China M&A 8 of 10
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Siyanli

Shanghai, China

Siyanli is a high-end beauty spa and medical beauty service provider. Siyanli was founded in 1996 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Lotte Card

Seoul, Japan

Lotte Card is a credit card issuer in Korea, and the only one with a captive retail network, contributing to its firm brand perception. Lotte Card engages in credit card business, loan business, installment financing, transportation card business via its subsidiary, eB Card, and also a credit card business in Vietnam. Lotte Card was founded in 2002 and is based in Seoul, Japan.

Buy -