MBK’s CNS woes underline private equity problems in Taiwan
MBK Partners has seen its sale of a 60% stake in CNS fall through again, underscoring the difficulty for private equity firms looking to exit Taiwan in the face of regulatory challenges.
Politics and red tape have scuppered the latest effort by Korean private equity firm MBK Partners to offload its majority stake in Taiwanese cable television operator China Network Systems.
Taipei-listed Far Eastone Telecommunications revealed in a statement on Wednesday that its long-stalled plan to acquire MBK's 60% stake in CNS in partnership with Morgan Stanley's private equity arm was now off the table.
The decision to scrap a deal that was first announced in July 2015 came…
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