MBK Partners in Acquisition of ING Life Insurance Korea

December 24, 2013

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.