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MBK Partners, Ltd. is the South Korean unit of MBK Partners, a North Asia focused independent private equity firm. AIG is a US-based provider of insurance and financial services. AIG owns a 97.5% stake in Nan Shan Life.
Reportedly, The Carlyle Group, L.L.C., Primus Financial Holdings Limited, Affinity Equity Partners (HK), Ltd., Chinatrust Financial Holding Co., Ltd., Kohlberg Kravis Roberts & Co. L.P., Shin Kong Financial Holding Co., Ltd., Fubon Financial Holding Co., Ltd., Cathay Financial Holding Co., Ltd., Mega Financial Holding Co., Ltd., and J.C. Flowers & Co., LLC are also in the race to acquire Nan Shan Life.
Deal Value (US$ Million) 2000 Deal Type Private Equity Sub-Category None Deal Status Rumour: 2009-06-30
Deal Participants
Target (Company) Nan Shan Life Insurance Co., Ltd. Vendor (Company) American International Group, Inc.
Deal Rationale
The sale of Nan Shan Life Insurance would help AIG repay its debt.
% Acquisition 97.5%
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