Seoul – An MBK Partners and Macquarie Korea Opportunities Fund (MKOF) led-consortium has acquired a 92.5 percent stake in C&M for a total of 2 trillion won (US$2billion). The deal makes C&M, Korea’s second biggest cable operator, the country’s first cable TV operator to be owned by private equity funds. According to company statements, C&M has over two million cable TV subscribers in and around Seoul with a potential subscriber base covering 40% of the South Korean population.

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