[THE INVESTOR] MBK Partners is seeking to complete due diligence for acquisition of E-Land Group’s restaurants and lifestyle businesses by the end of this week, according to local media reports.
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MBK Partners founder and chairman Michael Byung-ju Kim |
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It was given access to the virtual data room by E-Land in the second week of April for six weeks, but seeks to finish it before time.
The food and dining division of E-Land Park is estimated to be worth 500 billion won based on the recent EBITDA multiplied 10 to 12 times. Modern House, the living goods brand under E-Land Retail is assessed to be worth 200 to 300 billion won, according to industry estimates.
MBK Partners is expected to utilize its US$4.1 billion blind fund that was formed at the end of last year.
By Hwang You-mee (
glamazon@heraldcorp.com)