By Mars Woo
Since its establishment in 2008, Marunouchi Capital focuses on business succession and carve-outs, with Seijo Ishii and Joyful Honda figuring prominently among its investments.
Japan Fair Trade Commission (JFTC) opened the probe because Airbnb had forced certain clients not to list properties on a rival website, a move that would undermine competition
Hyo-Joon Ahn, 55, a former president of Seoul-based financial services provider BNK Financial Group, will serve the organisation for a two-year term.
Proceeds of the sale will be used to pay off most of SK Shipping’s debt.
The bank is seeking possession of the property, which Mallya — an Indian tycoon who’s battling extradition in a separate case — used as a family home.
Elliott also owns a stake in Alpine Electronics, which is scheduled to hold an extra shareholders meeting by the end of this year to vote for the merger.
It may also be considering an investment of around 20 percent in Don Quijote.
This is KKR’s third realty investment in South Korea and is being funded from its $9.3-billion Asian Fund III.
The bid from a consortium led by fledgling private equity firm BGH Capital Pty Ltd, pension fund AustralianSuper and Navitas co-founder and top shareholder Rod Jones, lands two months after Navitas posted its first loss since listing in 2004.
The Japanese conglomerate and its Vision Fund invested $4.4 billion in WeWork last year and put in an additional $1 billion in August in the form of a convertible note.