MBK Partners to acquire around 21% in auto rental company CAR for $228m

MBK Partners to acquire around 21% in auto rental company CAR for $228m

CAR Inc

North Asia-focused private equity (PE) firm MBK Partners has agreed to pick up a 20.86 per cent stake in Hong Kong-listed Chinese car rental service provider CAR Inc for 1.8 billion yuan ($228 million), according to a filing with The Stock Exchange of Hong Kong on Tuesday.