MBK Partners consortium $6.4 billion acquisition of Homeplus

Overview:

• Asian private equity firm MBK Partners and a consortium has acquired Homeplus from Tesco for £4 billion.
• Homeplus is the South Korean arm of the UK grocer.
• The group of investors comprising the MBK-led consortium included South Korea’s state-run National Pension Service, Singaporean sovereign wealth fund Temasek, and Canadian pension funds Canada Pension Plan and PSP Investments.
• The consortium includes Canada Pension Plan Investment Board and Temasek.
• HSBC acted as the lead financial adviser on the transaction, Barclays acted as financial advisers and sponsor to Tesco for the deal.

Sam Duke - Editor