SEOUL, Dec. 11 (Korea Bizwire) — Private equity firm MBK Partners has ruled out the possibility of raising the price of its public tender offer for Hankook & Company Co., the holding company of South Korea’s top tiremaker, a source close to the matter said Monday. Last week, a special purpose company set up by [...]
SEOUL, Sept. 10 (Korea Bizwire) — The Metropolitan Museum of Art in New York will open up its first exhibition hall named after a Korean-American. Seoul-based private equity fund MBK Partners Ltd. announced that one of the exhibition halls in the Modern Wing, named after Oscar Tang and H.M. Agnes Hsu-Tang, will be named after [...]
SEOUL, Sept. 10 (Korea Bizwire) — Dutch electronics giant Philips has expressed interest in taking over a stake in Coway, South Korea’s top water purification maker which has been put on the selling block, industry sources said Thursday. Last month, Seoul-based private equity fund MBK Partners picked Goldman Sachs as a lead manager of the sale [...]
SEOUL, Sept. 8 (Korea Bizwire) — A consortium led by Seoul-based private equity fund MBK Partners clinched a 7.2 trillion won (US$5.98 billion) deal to acquire U.K.-based retail giant Tesco Plc‘s Korean unit, marking the nation’s largest takeover deal. MBK said it struck the stock purchase agreement with Tesco in Hong Kong a week after [...]