Last Updated: 28 Mar, 2024 | Views: 479
Age: 61
Profession: Business Men
Famous For: Founder, MBK Partners
Higher Education: Master of Business Administration
Net Worth: $9.7 Billion
About (Profile/Biography):
Michael Kim was born 1963. Michael Kim is a Korean American billionaire businessman. Michael Kim is the co-founder and partner of MBK Partners, a private equity firm headquartered in Seoul, South Korea. He has been called the "Godfather of Asian private equity. Michael Kim received an MBA from the Harvard Business School in 1990 and received a Fulbright Scholarship afterwards.
Michael Kim Career:
Michael Kim Work as a Mergers and Acquisitions Banker:
• Michael Kimbegins his career as a mergers and acquisitions banker at Goldman Sachs after graduating from Harvard.
• In 1995, Michael Kim joined Salomon Smith Barney, where he became Managing Director and COO of Asia-Pacific Investment Banking.
Michael Kim Found MBK Partners:
• Michael Kimleft Carlyle to found MBK Partners in 2005, which has since grown to over $23.4 billion in assets under management.
• Michael Kim is raising $6.5 billion for its most recent Fund V, becoming the largest independent private equity fund in Asia.
Michael Kim Takeover of ING Korea:
• Michael Kimhas been notable for breaking several records in the South Korean market. His takeover of ING Korea and listing on the market, was the first time a private-equity owned company listed on exchanges in South Korea.
• Michael Kim takeover of Tesco subsidiary Homeplus was the largest private equity deal in South Korea's history.
Michael Kim Acquired Godiva Japan:
• In Japan, Michael Kim and MBK Partners acquired Godiva Japan in one of the largest deals in the consumer sector in Japan's history.
• In China, Michael KimPartners acquired eHi Car Services, one of the largest car rental and services companies in China.
Michael Kim 13% stake to Dyal Capital Partners:
• In January 2022, Michael Kim's firm, MBK Partners, sold approximately a 13% stake to Dyal Capital Partners in a transaction valued at about $1 billion.
• Michael Kim is the author of the novel, "Offerings", a national best seller, published in 2020.
Michael Kim Awards
• 2013: Asia Awards PE Professional of the Year
Michael Kim Unknown Facts:
• Founded POSCO: Michael Kim also founded POSCO, the largest steel company in South Korea. They have two children and live in Seoul.
• Construction of a civic institution: The gift is reported to represent the first-ever donation by an individual for the construction of a civic institution in Seoul.
