[Alpha Biz=(Chicago) Reporter Paul Lee] MBK Partners, South Korea's largest private equity fund, is known to acquire Japanese health care company Hitowa Holdings for 90 billion yen (about 819.5 billion won).

According to the investment banking (IB) industry, MBK Partners signed a Sales and Purchase Agreement (SPA) with Polaris Capital Group, which owns Hitowa Holdings, on the 22nd. As of the end of June this year, Hitowa Holdings is nursing 8,200 people in 130 facilities in Japan. In addition to nursing, it has also entered various areas such as home cleaning, childcare, and catering.

MBK Partners has acquired six healthcare companies in the past three years in Korea, China, and Japan, and the acquisition amount is at least 6.8 trillion won. Earlier this year, MBK Partners took over the management rights of URC, an elderly care service provider.

 

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