MBK to exit Homeplus Reit after turnaround challenges

In the face of multiple headwinds within South Korea's retail market, the Asia-focused private equity firm plans to sell part of the hypermarket chain it purchased only four years ago.

MBK to exit Homeplus Reit after turnaround challenges

As the private equity firm struggles to navigate the country’s retail market, MBK Partners is making a partial exit from Homeplus about four years after it bought the South Korean hypermarket chain.

The Asia-focused private equity firm is set to sell part of the assets through the initial public offering of Korea Retail Home Plus Reit I, which was launched on Thursday with a fundraising target of W1.6 trillion to W1.7 trillion $1.4 billion to...

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