[THE INVESTOR]
MBK Partners has recouped a record amount from its investments over the past two years since July 2014, industry sources said on July 10.
Since June 2014, MBK Partners -- South Korea’s largest PEF -- managed to recoup US$3.3 billion by selling equity and driving up dividends from its past investments.
|
MBK Partners founder and chairman Michael Byung-ju Kim |
When including the returns from other projects MBK jointly invested in, such as with South Korea’s National Pension Fund, Singapore’s Temasek Holdings and the Canada Pension Plan, the local PEF’s returns stand at just over US$4.2 billion.
Some of the key high-return investments MBK made in Korea include Dongwon Techpack Solution and HK Savings Bank. In Japan, it invested in Universal Studios Japan and Komeda Coffee. In China, it sold its equity in Golden State Environment Group, a water maintenance and treatment firm, for a profit.
This year, MBK Partners is set to attract investments of up to US$3 billion for a separate fund.
By Kim Ji-hyun (
jemmie@heraldcorp.com)