North Asia-focused private equity firm MBK Partners has agreed to acquire 100 percent of South Korea-based Daesung Industrial Gases from a consortium led by Goldman Sachs and parent company Daesung Group for a reported KRW2 trillion (approximately US$1.8 billion), including debt. The Goldman Sachs-led consortium had originally acquired a 62 percent stake in the company for US$400 million, including US$200 million in convertible bonds, in July 2014. MBK will invest through MBK Partners IV.