Buyout giant’s credibility put to test with prosecutors seeking arrest warrant for its key executives
South Korea-based private equity giant MBK Partners is facing a critical test as its founder and chair — once hailed as a pioneer of Asia’s buyout scene — faces possible arrest over allegations tied to the collapse of local supermarket chain Homeplus.
The Seoul Central District Court is set to hold a hearing Tuesday to review a request for an arrest warrant for Michael Byung-ju Kim and key executives involved with Homeplus. The executives are facing claims that MBK pressed ahead with the issuance of 82 billion won ($57 million) in asset-backed short-term bonds at Homeplus, despite being aware that th
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