TPG Capital to invest $664m in Kakao Bank.

Synopsis

US private equity fund TPG Capital agreed to invest $664m in Kakao Bank, South Korea’s online-only bank. The fresh capital will refuel BIS capital adequacy ratio that has fallen recently due to a surge in loans. Its capital base will be bolstered to KRW2.58tr after recapitalization. The partnership with the US fund will allow the bank to leverage on its global network.

Principals

target

Kakaobank Corp

bidder

Tpg Capital

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Market Context

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Seller Team (1)

yun ho-young

CEO at KAKAOBANK CORP

Manager

target

Deal

£ 509 M

Total Value

Bidder Team (4)

karl peterson

CEO at TPG CAPITAL LP

Investor

bidder

Deals

£ 9.80 B

Total Value

martin davidson

CFO at TPG CAPITAL LP

Investor

bidder

Deals

£ 11.80 B

Total Value

bradford berenson

General Counsel at TPG CAPITAL LP

Investor

bidder

Deals

£ 21.25 B

Total Value

david bonderman

Chairman at TPG CAPITAL LP

Investor

bidder

Deals

£ 44.00 B

Total Value

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