Korean Private Equity Billionaire Michael Kim Sells $1 Billion Stake In MBK Partners

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Korea billionaire Michael Kim’s MBK Partners, one of Asia’s largest domestic private equity firms, has sold a stake worth nearly $1 billion to Dial Capital Partners.

The deal gives importance to Seoul-based MBK, which holds $25.6 billion in assets under management, approximately $9 billion. New York-based Dial Capital Partners, which buys a minority stake in private equity firms, Merged Last year Owl was listed with Rock Capital Partners to form Blue Owl Capital and through a SPAC deal.

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MBK was founded by Kim in 2005 after leading the Asia arm of US private equity giant Carlyle Group. Kim, who holds US citizenship, was included in the Businesshala 400 list of the richest Americans last year, with a net worth of $6.7 billion – making him one of the wealthiest people in private equity. Last month, he was named one of Businesshala Asia15 Heroes of Charity to support the cause of education for their charity.

MBK focuses on consumer driven companies in North Asia. Kim told Businesshala Asia In 2020, after MBK closes on a $6.5 billion buyout fund, he looks for companies backed by strong cash flow, well-known brands, solid market position, or real estate assets. Last month, MBK acquired four theme parks from Haichang Ocean Park in China for about $950 million, which includes estimated debt.

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