M&A Deal Summary

MBK Partners HK Acquires Komeda

On January 15, 2013, private equity firm MBK Partners HK acquired franchising company Komeda from Advantage Partners and Pokka Sapporo Food & Beverage for 448M USD

Acquisition Highlights
  • This is MBK Partners HK’s 1st transaction in the Franchising sector.
  • This is MBK Partners HK’s 13th largest (disclosed) transaction.
  • This is MBK Partners HK’s 4th transaction in Japan.

M&A Deal Summary

Date 2013-01-15
Target Komeda
Sector Franchising
Buyer(s) MBK Partners HK
Sellers(s) Advantage Partners
Pokka Sapporo Food & Beverage
Deal Type Secondary Buyout
Deal Value 448M USD

Target

Komeda

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

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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 16 of 44
Sector (Franchising) 1 of 2
Type (Secondary Buyout) 1 of 5
Country (Japan) 4 of 11
Year (2013) 1 of 4
Size (of disclosed) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 LOTTE rental

Seoul, South Korea

LOTTE Rental is a car rental company, with over 58,000 rental cars in operation. KT Rental is Hertz Rent-a-car’s exclusive Korean partner and rents cars to corporate and individual customers through 139 branches and sales offices nationwide, covering all the major cities and tourist destinations. LOTTE rental was founded in 1986 and is based in Seoul, South Korea.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 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.

Buy $521M

Seller(S) 2

SELLER

Advantage Partners

Singapore, Japan

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 4.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Partners LLP is a Japanese private equity firm focused on investing public and private companies. Advantage targets businesses operating in the fields of distribution/retail, consumer products, manufacturing, telecommunications, IT/software and financial services. The Firm will consider a variety of transactions including corporate divestitures, acquisitions, buyouts, public to private, recapitalizations, and growth capital financings. Advantage Partners was formed in 1992 and is based in Tokyo.


DEAL STATS #
Overall 16 of 29
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 2 of 6
Country (Japan) 16 of 26
Year (2013) 1 of 4
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-07 Rex Holdings

Tokyo, Japan

Rex Holdings Co., Ltd. engages in the operation of restaurants in Japan.

Sell ¥14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Xacti

Osaka, Japan

Xacti is a digital device ODM/OEM company, Xacti offers development, manufacturing and distribution capabilities for digital device companies worldwide. Xacti was founded in 2013 and is based in Osaka, Japan.

Buy -
SELLER

Pokka Sapporo Food & Beverage

Nagoya, Japan

Category Company
Founded 1957
Sector Food
DESCRIPTION

Pokka Sapporo Food & Beverage Ltd. is Founded in 1957, a branded food and beverage products company.


DEAL STATS #
Overall 1 of 1
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Japan) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 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 $146M