MBK Partners plans to acquire Megastudy Education, an online education company.
“Our main shareholder is considering various measures, including the sale of its stake to MBK Partners,” Megastudy Education announced on July 26. “Nothing has been decided yet, but if a decision is made, we will announce it within a month.”
MBK Partners has chosen Samil PwC as lead manager for the acquisition of Megastudy Education. It plans to acquire more than 30% of Megastudy, including a 13.5% stake held by Son Joo-eun, the CEO of Megastudy Education, a 6% stake held by Megastudy, and stakes held by related parties.
Megastudy Education was established by Megastudy in 2015 by dividing its primary, middle and secondary education and adult education business. Megastudy was launched in 2000 and listed on the KOSDAQ market in 2004. Megastudy Education’s market capitalization recently exceeded 1 trillion won.