Investment Summary

MBK Partners HK and Mirae Asset Private Equity Invest In CGV

On November 18, 2019, private equity firms MBK Partners HK and Mirae Asset Private Equity invested in leisure company CGV

Investment Highlights
  • This is MBK Partners HK’s 2nd and Mirae Asset Private Equity’s 1st transaction in the Leisure sector.
  • This is MBK Partners HK’s 16th and Mirae Asset Private Equity’s 1st transaction in South Korea.

Investment Summary

Date 2019-11-18
Target CGV
Sector Leisure
Investor(s) MBK Partners HK
Mirae Asset Private Equity
Deal Type Stake Purchase

Target

CGV

Seoul, South Korea
CGV pioneered the concept of multiplex cinemas in Korea and operates and manages 94 screens in 11 strategically located sites across Korea. CGV was founded in 1999 and is based in Seoul, South Korea.

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Investor(S) 2

Investor

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 36 of 44
Sector (Leisure) 2 of 2
Type (Stake Purchase) 8 of 9
Country (South Korea) 16 of 21
Year (2019) 5 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-01 DIG Airgas

Seoul, South Korea

DIG Airgas is equipped with large-scale air separation equipment (ASU), special gas manufacturing facilities, and gas equipment manufacturing facilities in Banwol, Yangsan, Yeocheon, Cheongju, Daejeon, Gumi, Paju, Ulsan, Icheon, and Daesan, etc. From general industrial gas to electronic industry special gas, ultra-high purity pure gas, standard gas, precision mixed gas, medical gas, gas plant, etc., we are producing a variety of products in accordance with world-class quality and environmental management standards. DIG Airgas was founded in 1979 and is based in Seoul, South korea.

Sell -
DESCRIPTION

Mirae Asset Private Equity is the private equity arm of asset manager Mirae Asset Global Investments. Mirae Asset Private Equity will consider opportunities across South Korea including buyouts, growth capital financings, and special situations. Mirae Asset Private Equity is based in Seoul.


DEAL STATS #
Overall 3 of 4
Sector (Leisure) 1 of 1
Type (Stake Purchase) 1 of 1
Country (South Korea) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Acushnet Holdings

Fairhaven, Massachusetts, United States

Acushnet Holdings designs develops, manufactures, and distributes performance-driven golf products, which are widely recognized for their quality. The Company's brands include Titleist, one of golf's leading performance equipment brands, and FootJoy, one of golf's leading performance wear brands. Titleist has been the #1 ball in professional golf for 68 years and FootJoy has been the #1 shoe on the PGA Tour for over six decades. Acushnet Holdings was founded in 1910 and is based in Fairhaven, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Valo Health

Lex­ing­ton, Massachusetts, United States

Valo Health is a technology company built to transform the drug discovery and development process using human-centric data and artificial intelligence driven computation. Valo Health was founded in 2019 and is based in Lex­ing­ton, Massachusetts.

Buy -