Korea prosecutors seek arrest warrant for private equity billionaire

Korean prosecutors are seeking an arrest warrant for a private equity billionaire, the article reports; it notes that in 2015 MBK Partners led a consortium that bought Homeplus from Tesco for about $6 billion.

Korean prosecutors are seeking an arrest warrant for a private equity billionaire, the article reports. The case has attracted attention because of the person's links to major transactions in Korea. The article mentions MBK Partners led a group that bought Homeplus from Tesco Plc in 2015. That transaction was valued at around $6 billion and drew international investors. Key facts: - Prosecutors are seeking an arrest warrant for a private equity billionaire, the article reports. - The article mentions MBK Partners led the 2015 purchase of Homeplus from Tesco Plc. - The deal was valued at around $6 billion and was described as the largest leveraged buyout in Asia at the time, the article reports. - The consortium included the Canada Pension Plan Investment Board and Temasek Holdings, the article reports. - The 2015 transaction was framed in the article as a bet on Korea's consumption economy and on Homeplus's potential for revival. Summary: This development connects legal action to a high-profile private equity figure with ties to a major 2015 buyout. Undetermined at this time.