M&A Deal Summary

MBK Partners HK Acquires Homeplus

On September 7, 2015, private equity firm MBK Partners HK acquired retailer Homeplus from Tesco for 4.2B GBP

Acquisition Highlights
  • This is MBK Partners HK’s 3rd transaction in the Retail sector.
  • This is MBK Partners HK’s 0th largest (disclosed) transaction.
  • This is MBK Partners HK’s 10th transaction in South Korea.

M&A Deal Summary
Date 2015-09-07
Target Homeplus
Sector Retail
Buyer(s) MBK Partners HK
Sellers(s) Tesco
Deal Type Divestiture
Deal Value 4.2B GBP

Target

Homeplus

Seoul, South Korea
Homeplus is a multichannel retailer that operates online and through 1,075 outlets, of which 140 are hypermarkets, 609 are supermarkets and 326 are convenience stores. Homeplus also operates 139 shopping malls adjacent to its hypermarkets, with over 6,500 tenant leases. Homeplus was formed in 1999 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

MBK Partners HK

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 25.6B 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 21 of 44
Sector (Retail) 3 of 6
Type (Divestiture) 4 of 7
Country (South Korea) 10 of 21
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 Apex Logistics International

Shanghai, China

Apex Logistics International is a provider of freight forwarding, contract logistics, transportation management, warehousing, and distribution services. Apex Logistics International was founded in 2001 and is established in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Beijing Bowei Airport Support

Beijing, China

Beijing Bowei Airport Support is the largest airport facilities operations and maintenance service provider in China. The Company is the sole provider of facilities operations and maintenance services to Beijing Capital International Airport, the largest airport in China. Major facilities maintained by the Company include the baggage handling system, passenger boarding bridges, information display systems, internal and public communications systems, power supply and cargo facilities.

Sell -

Seller(S) 1

SELLER

Tesco

Welwyn Garden City, United Kingdom
Category Company
Founded 1919
Sector Retail
Employees330,000
Revenue 68.2B GBP (2024)
DESCRIPTION

Tesco is a multinational grocery and general merchandise retailer. Tesco was founded in 1919 and is based in Welwyn Garden City, England.

DEAL STATS #
Overall 3 of 8
Sector (Retail) 2 of 6
Type (Divestiture) 2 of 6
Country (South Korea) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 Fresh & Easy

El Segundo, California, United States

Fresh & Easy is a manufacturer and distributor of high-quality, fresh products to every store, every day. This capability gives Fresh & Easy the ability to provide the highest level of freshness and convenience available. Fresh & Easy was founded in 2007 and is based in El Segundo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 Giraffe Concepts

London, United Kingdom

Giraffe is a family-friendly restaurant that offers a wide range of fresh, seasonal, quality food, comfortable interiors and friendly staff. Its menu covers a range of global dishes and appetising options for breakfast, lunch and dinner.

Sell -
Mergr

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