MBK exits Coway for $1.5b after prolonged sale process

After six years, Woongjin is taking back control of South Korea’s leading water purifier brand in the largest private equity deal out of South Korea so far this year.

MBK exits Coway for $1.5b after prolonged sale process

MBK Partners drew a line under its six-year ownership in South Korea’s biggest water purifier manufacturer on Monday. It has agreed to sell its remaining 22.17% stake in Coway to founders Woongjin Group and private equity firm STIC Investment for W1.68 trillion $1.48 billion.

The Asia-focused private equity firm led by Michael B Kim, the “Godfather of Asian private equity will sell its entire 1.64 million shares in Conway...

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