MBK Sells Japanese Jewelry Brand Tasaki for 930 Billion Won

Domestic private equity firm MBK Partners has sold the Japanese jewelry brand Tasaki for approximately 930 billion KRW.

According to the investment banking (IB) industry and major foreign media on the 2nd, MBK Partners sold 100% of Tasaki's shares to a consortium of Hong Kong-based PEF FountainVest and Japan's Unison Capital. The sale price was about 100 billion yen (931.1 billion KRW).

MBK Partners selected Japan's Daiwa Securities as the lead manager for the sale in November last year and has been promoting the sale of Tasaki. The parties signed a stock purchase agreement (SPA) in June.

With this share sale, MBK Partners is expected to earn an investment profit of about 500 billion KRW. MBK invested 95 billion KRW for an 80% stake in Tasaki in 2008 and increased its stake to 100% in 2016.

Tasaki, established in 1954, is a Japanese jewelry brand operating more than 30 stores within Japan.