M&A Deal Summary

Olympus Capital Holdings Asia Acquires Korea Exchange Bank Credit Services Co.

On February 1, 2004, private equity firm Olympus Capital Holdings Asia acquired financial services company Korea Exchange Bank Credit Services Co. from Lone Star Funds

Acquisition Highlights
  • This is Olympus Capital Holdings Asia’s 3rd transaction in the Financial Services sector.
  • This is Olympus Capital Holdings Asia’s 1st transaction in South Korea.

M&A Deal Summary

Date 2004-02-01
Target Korea Exchange Bank Credit Services Co.
Sector Financial Services
Buyer(s) Olympus Capital Holdings Asia
Sellers(s) Lone Star Funds
Deal Type Secondary Buyout

Target

Korea Exchange Bank Credit Services Co.

Seoul, South Korea
Korea Exchange Bank Credit Services Co., Ltd. (“KEBCS”) was the credit card subsidiary of Korea Exchange Bank, one of the leading commercial banks in Korea. KEBCS was among the top credit card issuers in Korea and its main credit products included general purchases, installment finance, cash advances, revolving credit, and personal loans. Since Olympus’ investment, KEBCS has merged into Korea Exchange Bank.

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Buyer(S) 1

Buyer

Olympus Capital Holdings Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Olympus Capital Holdings Asia Limited is a private equity firm that targets investments throughout Asia, including Japan, Korea, India and Greater China. Target industries include agribusiness/food, business services, environmental services/alternative energy, financial services, manufacturing and natural resources. Olympus Capital was formed in 1997 and has offices in Hong Kong, New York, Seoul, Shanghai, New Delhi, and Tokyo.


DEAL STATS #
Overall 7 of 17
Sector: Financial Services M&A 3 of 5
Type: Secondary Buyout M&A Deals 1 of 2
Country: South Korea M&A 1 of 2
Year: 2004 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 China Minzhong Food

Putian City, China

China Minzhong Food is an integrated vegetable processor in the PRC. The company's processed vegetables and fruits include capsicums, broccoli, celery, tomatoes, garlic, black fungus, and other vegetables, enabling customers to avail quality vegetables and fruits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-20 QBSS

Marietta, Georgia, United States

QBSS serves small and medium-sized businesses across North America and global enterprise customers across North America and Europe. The Company provides an integrated portfolio of BPO services, including accounting, finance, billing, human resources, payroll, tax, IT help desk, technical support, and other back-office services to a wide range of industries. QBSS’s unique capabilities have enabled its customers to experience excellent process and operational improvements in their businesses, while reducing operating costs. The Company has significant experience supporting multi-unit restaurant and retail operations for franchise operators, as well as non-profit organizations, hospitals and other businesses. QBSS’s customers are supported by over 750 dedicated employees and delivery centers and offices across Atlanta, Chicago, Illinois, St. Paul, Minnesota, and India. QBSS was founded in 2008 and is based in Marietta, Georgia.

Buy -

Seller(S) 1

SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 95.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 1 of 19
Sector: Financial Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 10
Country: South Korea M&A 1 of 1
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Korea Exchange Bank Credit Services Co.

Seoul, South Korea

Korea Exchange Bank Credit Services Co., Ltd. (“KEBCS”) was the credit card subsidiary of Korea Exchange Bank, one of the leading commercial banks in Korea. KEBCS was among the top credit card issuers in Korea and its main credit products included general purchases, installment finance, cash advances, revolving credit, and personal loans. Since Olympus’ investment, KEBCS has merged into Korea Exchange Bank.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Bruno s Supermarkets

Brimingham, Alabama, United States

Bruno's Supermarkets, Inc. is a prominent food retailer in the Southeastern U.S.

Buy -