MBK Partners, the nation's largest private equity fund (PEF) operator, will acquire more than 43% of its stake in global PEF, which invested in Kakao Mobility, to become the largest shareholder, while Kakao will step down as the second-largest shareholder.
According to the investment banking industry on the 7th, MBK is discussing ways to acquire a 50% stake, including up to 15% of its 57.5% stake in Kakao Mobility and a 35.2% stake in the TPG consortium and Carlyle Group.
Kakao has decided to become the second-largest shareholder with a 42% stake after the sale. TPG sold about 130 billion won worth of old shares of Kakao Mobility to a venture capital in June and was in a position not to sell below the value of the previous deal in recognition of 8.5 trillion won in corporate value at the time.
On the other hand, MBK reportedly claims a corporate value worth KRW 6 trillion as the corporate value evaluated by Carlyle Group and Google by investing about KRW 400 billion in Kakao Mobility last year is up to KRW 4 trillion, and as the value of technology stocks has recently plunged and the business environment has deteriorated significantly.
Reporter Lee Ji-sun stockmk2020@infostock.co.kr