Business · Companies · 16 hrs ago
Mom’s Touch and Lotte Card prepare for new sale attempts
Two major South Korean companies are preparing for new sale attempts as the year-end deal season approaches.
Private equity firm KL & Partners is selling its entire stake in Mom’s Touch, a burger chain, with a value of about 1 trillion won being discussed.
Mom’s Touch is set to move from preliminary bids to buyer checks and final bids, after a previous sale attempt failed to attract buyers at the expected price.
Buyers are expected to examine its franchise terms closely because most of its operating profit came from franchise distribution, and franchise owners’ rights to negotiate terms are due to strengthen from year-end.
MBK Partners is seeking buyers for a 79.83% stake in Lotte Card, at a value of about 2 trillion won; the remaining 20% held by Lotte Shopping is not included.
The card company’s sale was previously halted after a personal data breach, but it resumed business in September after a period of regulatory suspension.
The next steps are bidding and buyer review, though financial groups seen as potential buyers remain cautious about committing capital to another large acquisition.
Mom’s Touch and Lotte Card are preparing new sale attempts, with bidding processes expected to advance in November.
The sellers are seeking about 1 trillion won for Mom’s Touch and about 2 trillion won for Lotte Card.
Mom’s Touch’s preliminary bidding ended in late October, and shortlisting, due diligence and a final bid are expected to follow.
MBK Partners is seeking to sell a 79.83% stake in Lotte Card, while Lotte Shopping’s 20% stake is excluded.
Both sales have been attempted before but stalled, and the article says buyers’ valuations and other uncertainties remain important factors.
- Who
- Mom’s Touch owner KL Partners and Lotte Card owner MBK Partners are preparing the sales.
- What
- They are seeking buyers for Mom’s Touch and a 79.83% stake in Lotte Card.
- When
- The processes are expected to advance in November 2026; Mom’s Touch preliminary bidding ended in late October.
- Where
- South Korea.
- Why
- The owners are seeking to sell their holdings; the sources do not state their specific reasons.
This story does not have two clearly opposing sides.
KL Partners acquired Mom’s Touch, while MBK Partners and Woori Bank formed a consortium to acquire a stake in Lotte Card.
KL Partners’s attempt to sell Mom’s Touch failed to attract a buyer at its expected price; MBK Partners’s first Lotte Card sale attempt also stalled over valuation differences.
MBK Partners restarted the Lotte Card sale process with UBS as adviser.
The Lotte Card sale process was halted after a personal information leak.
The Financial Services Commission confirmed a business suspension for Lotte Card from August 1 to September 15, and the company resumed business on September 16.
Preliminary bidding for Mom’s Touch ended, with shortlisting, due diligence and a final bid expected to follow.
- Mom’s Touch expected value
- About 1 trillion won
- Lotte Card expected value
- About 2 trillion won
- Mom’s Touch sale stake
- 100% of Mom’s Touch & Company
- Lotte Card sale stake
- 79.83%; Lotte Shopping’s 20% stake excluded
- Mom’s Touch 2025 revenue
- 479 billion won
- Lotte Card first-half 2026 net profit
- 64.7 billion won