Reuters logo
MBK Partners hires former Deutsche Bank veteran for new fund
September 25, 2017 / 7:46 AM / 3 months ago

MBK Partners hires former Deutsche Bank veteran for new fund

HONG KONG, Sept 25 (Reuters) - MBK Partners on Monday said it has hired Stephen Le as a partner for its new special situations fund that will invest in equity and credit, as the private equity firm looks to step up investments in North Asia.

Le will co-head the new special situations fund with MBK founding partner Jay Bu, the North Asian private equity fund said in an e-mailed statement.

Prior to this, Le was co-head of Credit And Special Situations, Asia-Pacific at Deutsche Bank for 15 years.

MBK has been involved in some of the largest buyouts in Asia in the past years, including the $6.1-billion purchase of Tesco PLC’s South Korean unit in 2015 and the $1.2-billion takeover of Wharf Holdings Ltd telecom business in 2016 with TPG Capital Management.

Reporting by Elzio Barreto

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below