MBK Partners signed contract to acquire 10.09% stake in Koreacenter.Co.,Ltd. (KOSDAQ:A290510) from Kim, Seok-rok for KRW 78.5 billion on January 13, 2022. As per the transaction, MBK Partners will acquire 8.52 million shares at KRW 9215 per share. In a related transaction, MBK Partners signed contract to acquire 14.8% stake in Koreacenter.Co.,Ltd. from Seongjin Lim for KRW 115.16 billion on January 13, 2022.

Post completion, from Kim, Seok-rok will hold 17.04 million shares representing 20.18% stake of Koreacenter.Co.,Ltd. Completion is expected on March 28, 2022. Ernst & Young, Korea, Financial Advisory Arm acted as Due Diligence Provider to MBK Partners.