MBK Partners $923 million acquisition of Doosan Infracore's machine tools business

Overview:

• MBK Partners has acquired Doosan Infracore’s machine tools business.
• The loan facilities were provided to facilitate a business transfer transaction where Doosan Machine Tools—a company newly established for this transaction—purchased the machine tool business of Doosan Infracore.  
• There were two loan facilities, one to Opco and another to DMT Holdings, a company established for the purpose of investing in Opco by MBK Partners.
• The loan facilities to Opco consisted of two tranches, one of which was for the purpose of funding the acquisition costs of the transaction and the other was for the purpose of Opco’s general working capital requirements.
• The loan facilities to Holdco consisted of two tranches, one of which was for the purpose of funding the investment by Holdco in Opco; and the other was for the purpose of Holdco’s financing costs.

Katrin Kostadinova - Data analyst