Apex Invest acquires 50% of M-Plus Asset Management (50%+1 share)
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- —
- Stake
- 50%
- Implied 100%
- —
- Revenue
- —
- Op. income
- —
- Multiples
- —
- Target
- M-Plus Asset Management (50%+1 share) · Real estate asset management
- Buyer
- Apex Invest · 기타
- Seller
- Military Mutual Aid Association
- Structure
- —
- Announced
- Apr 16, 2026
- Closed
- Apr 16, 2026
- Stage
- Closed
Target
M-Plus Asset Management, founded in 2008 and brought into the Military Mutual Aid Association (MMAA) group in 2015, is a real-estate-focused asset manager running real estate funds, development projects, overseas alternatives and corporate finance, including blind funds for MMAA, Korea Capital and Daehan Land Trust.
Deal rationale
After FSC approval of the major-shareholder review, MMAA on 16 April 2026 sold 50%+1 share of wholly owned M-Plus Asset Management to Apex Invest, keeping the remainder under a shareholder agreement with call and put options described as strengthening cooperation. Apex Invest, set up by former shareholders of Apex Asset Management, is led by chairman Jeong Sang-ik, who became M-Plus CEO; it said it would combine M-Plus with Apex's equity funds and staff to build a comprehensive asset manager spanning real estate and equities. MTN interpreted the sale as a governance restructuring prompted by the real-estate PF downturn and weak results.
Press coverage
- 아시아경제 (2026-04-16): “금융위원회의 대주주 적격성 심사를 통과해”
- 머니투데이방송(MTN) (2026-09-02): “군인공제회는 4월 부동산운용사 엠플러스자산운용 지분 일부를 에이펙스인베스트에 넘기며 매각 작업을 마무리했다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.