MBK Acquires 'Japanese Soomgo' Sharing Technology

Approximately 320 Billion KRW Based on Share Value
Delisting Planned After Public Tender Offer
Active Resumption of Investments in Korea and Japan

MBK Partners, a South Korean private equity fund (PEF) manager, is set to acquire 'Sharing Technology', a Japanese listed company operating a lifestyle service intermediary platform, for approximately 320 billion KRW.

According to the investment banking (IB) industry and the Nikkei on September 9, Hitowa Holdings, MBK's Japanese portfolio company, has decided to acquire all shares of Sharing Technology through a public tender offer and then delist the company. The acquisition price, based on the value of the shares, is approximately 37 billion yen (about 322.5 billion KRW).

Sharing Technology is a platform that connects professionals solving everyday problems such as home repairs and pest control with consumers. Its business model is similar to 'Soomgo' in South Korea.

It is interpreted that MBK's strategy is to enhance corporate value through synergies with Hitowa's existing life cycle-specific comprehensive care services, including nursing and senior care.

Previously, MBK had paused domestic investments due to cases involving Homeplus and Korea Zinc. However, last June, it acquired Altemira Holdings, a Japanese aluminum can and materials manufacturer, for more than 1 trillion KRW. Domestically, the firm has also resumed investments by acquiring Skinidea and Life&bio through its Special Situations (SS) Fund.

Having secured capital through the formation of its sixth buyout fund worth 5.5 billion USD (approximately 7.3552 trillion KRW) last year, MBK is expected to further increase its investments in both Korea and Japan moving forward.

This content was produced with the assistance of AI translation services.