Buyout of Homeplus propels MBK into big league

The north Asia-focused private equity firm is stepping up in terms of deal size with the purchase of Tesco’s Korean discount retailer.

Buyout of Homeplus propels MBK into big league

Private equity firm MBK Partners is on the verge of sealing its largest deal yet -- the purchase of Tesco’s Korean discount retail chain.

MBK and its partner Korea’s National Pension Service are leading the field of bidders vying for Tesco's Homeplus, the second-largest chain of stores in Korea after E-Mart, according to a person involved in the auction.

Other suitors include a consortium of KKR and Affinity Equity Partners and Carlyle...

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