# MBK Partners completes acquisition of Dongjin and Kyungjin Textile

MBK Partners has completed the acquisition of 100% of Dongjin Textile and its affiliate Kyungjin Textile for approximately KRW 780 billion. Dongjin Textile is a global supplier of shoe fabrics to Nike and Adidas.

- Type: Acquisition
- Announced: 2022-01-03
- Where: South Korea
- Value: $654.0M (780.0B KRW)
- Status: completed
- Products: shoe fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [MBK Partners](https://endata.com/companies/14347.md) (acquirer)
- [Dongjin Textile](https://endata.com/companies/60044.md) (target)
- [Kyungjin Textile](https://endata.com/companies/60045.md) (target)

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/stock/10170055), 2022-01-03: "MBK파트너스가 동진·경진섬유를 인수를 완료했다."
- [kedglobal.com](https://www.kedglobal.com/us/mergers-acquisitions/newsView/ked202201030021), 2022-01-04: "South Korea’s MBK Partners said on Jan. 3 that it has completed the 100% acquisition of Dongjin Textile Co. and its affiliate Kyungjin Textile Co."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.