MBK Partners in Acquisition of ING Life Insurance Korea

Cleary Gottlieb is representing MBK Partners, the largest private equity firm in Korea and one of the largest in the Asia-Pacific region, in the acquisition of ING Life Insurance Korea Limited, ING Group’s life insurance unit in South Korea, for an aggregate cash consideration of approximately $1.7 billion. The deal was signed on August 26 and its closing is subject to South Korean and Dutch regulatory approvals.