M&A Deal Summary

Woori Bank Acquires Hanmi Capital

On September 4, 2007, Woori Bank acquired financial services company Hanmi Capital from MBK Partners HK for 290M USD

Acquisition Highlights
  • This is Woori Bank’s 1st transaction in the Financial Services sector.
  • This is Woori Bank’s largest (disclosed) transaction.
  • This is Woori Bank’s 1st transaction in South Korea.

M&A Deal Summary
Date 2007-09-04
Target Hanmi Capital
Sector Financial Services
Buyer(s) Woori Bank
Sellers(s) MBK Partners HK
Deal Type Add-on Acquisition
Deal Value 290M USD

Target

Hanmi Capital

Seoul, South Korea
Hanmi Capital is a provider of lease financing primarily for auto and medical equipment in Korea. In auto leasing, its core business segment, the Company provides lease financing to both new cars (imported and domestic) and used cars.

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Buyer(S) 1

Buyer

Woori Bank

Seoul, South Korea
Category Company
Sector Financial Services
DESCRIPTION

Woori Bank is a banking service provider.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Korea) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 1 of 20
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 10
Country (South Korea) 1 of 7
Year (2007) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 China Network Systems

Taipei, Taiwan

China Network Systems is the largest cable television and broadband multiple-systems operator (MSO) in Taiwan, with over 1.2 million subscribers.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-28 Yayoi

Tokyo, Japan

Yayoi is a financial and accounting software service company. Yayoi also provides software related to other functions, including payroll, sales force automation and customer relations management. Yayoi was founded in 1978 and is based in Tokyo, Japan.

Buy $611M
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