Private Equity firm MBK Partners has struck a deal to acquire a majority stake in Korean pharmaceutical wholesaler Geo-Young to bolster its health care portfolio.
MBK Partners failed to acquire a controlling stake in Hankook & Company after its tender offer failed to secure enough subscriptions.
The public tender offer will be closed on Monday, but Friday was the last trading day before the official deadline. The result will be issued on Wednesday.
Forbes named Kim Byung-ju, founder and chairman of MBK Partners, as the richest individual in Korea.
Scandal-ridden Osstem Implant, Korea’s largest dental implant manufacturer, is being acquired by private equity funds.
Lotte Card, Korea's fifth largest card company, is up for sale for around three trillion won ($2.3 billion), according to local media reports on Wednesday.
Kakao, which holds a 57.5 percent share of Kakao Mobility, held an online conference with the mobility company’s employees on Monday to discuss the possible sale of the company's shares to a private equity firm.
Korea JoongAng Daily Sitemap