JOURNAL ARTICLE

MBK Said to Consider Sale of Spa and Beauty Clinic Operator.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Cao, Dong 3 of 3

Abstract

MBK Partners, a private equity firm, is reportedly considering selling Chinese spa and beauty clinic operator Shanghai Siyanli Industrial Co. The firm is seeking to hire an adviser to review its options, and the deal could value Siyanli at several hundred million dollars. Siyanli operates numerous spa centers and medical beauty clinics in China and has over 100,000 clients. MBK acquired a stake in Siyanli in 2019 and purchased a 26% stake from jewelry manufacturer Guangdong CHJ Industry Co. in 2020. MBK is one of North Asia's largest private equity firms, with a focus on control deals in China, Japan, and Korea. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/05, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2024
  • Accession Number:177292167
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