M&A Deal Summary

MBK Partners HK and Unison Capital Acquire Medit

On March 31, 2023, private equity firms MBK Partners HK and Unison Capital acquired medical products company Medit from Unison Capital for 2.50T KRW

Acquisition Highlights
  • This is MBK Partners HK’s 2nd and Unison Capital’s 3rd transaction in the Medical Products sector.
  • This is MBK Partners HK’s and Unison Capital’s largest (disclosed) transaction.
  • This is MBK Partners HK’s 21st and Unison Capital’s 12th transaction in South Korea.

M&A Deal Summary
Date 2023-03-31
Target Medit
Sector Medical Products
Buyer(s) MBK Partners HK
Unison Capital
Sellers(s) Unison Capital
Deal Type Secondary Buyout
Deal Value 2.50T KRW

Target

Medit

Seoul, South Korea
Medit is a provider of 3D measurement and CAD/CAM solutions. Medit specializes in model and impression 3D scanners for dental clinics and labs, including intraoral scanners, based on our own patented state-of-the-art technology. Medit was founded in 2000 and is based in Seoul, South Korea.

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Buyer(S) 2

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 43 of 44
Sector (Medical Products) 2 of 2
Type (Secondary Buyout) 4 of 5
Country (South Korea) 21 of 21
Year (2023) 3 of 4
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-22 Nexflex

Jeungpyeong-gun, South Korea

Nexflex is specialized in manufacturing FCCL, a key material for the flexible printed circuit. Nexflex was founded in 2018 and is based in Jeungpyeong-gun, South Korea.

Buy ₩530.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-25 Hitowa

Tokyo, Japan

Hitowa is a corporate group with a nursing care business that operates nursing care homes for the elderly under the Irise brand, a franchise business that mainly provides house cleaning services under the Osoji Honpo brand, and a childcare business that operates licensed nurseries under the Taiyono-ko brand. Hitowa is based in Tokyo.

Buy ¥90.0B
Buyer

Unison Capital

Tokyo, Japan

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 3.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unison Capital is a private equity investment firm focused on control investments in mid-cap companies operating in Japan, Korea, and Singapore. Target transaction situations include growth support, business successions, corporate carve-outs, buyouts, and restructurings. Unison is a generalist investor, however the Firm has a preference for opportunities in the retail, niche manufacturing, and healthcare sectors. Unison Capital was formed in 1998 and has offices in Tokyo, Seoul, and Singapore.

DEAL STATS #
Overall 47 of 49
Sector (Medical Products) 3 of 3
Type (Secondary Buyout) 6 of 6
Country (South Korea) 12 of 13
Year (2023) 3 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Dholic Commerce

Tokyo, Japan

Dholic Commerce operates Japan’s top Korean fashion and cosmetics online retail platform. It has deep knowledge of the latest Korean fashion and beauty trends as well as Japanese consumer tastes. Dholic has over two million subscribers, and is a leader in connecting Korean retailers and brands with Japanese consumers. Dholic Commerce is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Sulbing

Seoul, South Korea

Sulbing is a dessert cafe chain in Korea with over 600 stores nationwide. Sulbing is uniquely positioned within the Korean dessert category with dominant market share and high brand awareness. Sulbing was founded in 2013 and is based in Seoul, South Korea.

Buy -

Seller(S) 1

SELLER

Unison Capital

Tokyo, Japan

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 3.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unison Capital is a private equity investment firm focused on control investments in mid-cap companies operating in Japan, Korea, and Singapore. Target transaction situations include growth support, business successions, corporate carve-outs, buyouts, and restructurings. Unison is a generalist investor, however the Firm has a preference for opportunities in the retail, niche manufacturing, and healthcare sectors. Unison Capital was formed in 1998 and has offices in Tokyo, Seoul, and Singapore.

DEAL STATS #
Overall 22 of 27
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 4 of 4
Country (South Korea) 2 of 2
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Dholic Commerce

Tokyo, Japan

Dholic Commerce operates Japan’s top Korean fashion and cosmetics online retail platform. It has deep knowledge of the latest Korean fashion and beauty trends as well as Japanese consumer tastes. Dholic has over two million subscribers, and is a leader in connecting Korean retailers and brands with Japanese consumers. Dholic Commerce is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Sulbing

Seoul, South Korea

Sulbing is a dessert cafe chain in Korea with over 600 stores nationwide. Sulbing is uniquely positioned within the Korean dessert category with dominant market share and high brand awareness. Sulbing was founded in 2013 and is based in Seoul, South Korea.

Buy -
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