JKL Partners acquires 100% of LBM (London Bagel Museum) for KRW 160bn
- Deal value
- $110m
- Stake
- 100%
- Implied 100%
- $110m
- Revenue
- $55m
- Op. income
- $17m
- Multiples
- EQV/EBIT 6.6xPSR 2.0x
Deal value ÷ stake (structure unconfirmed)
2024 별도 · DART-verified
2024 별도 · DART-verified
On implied equity value
DART 20250408002007
- Target
- LBM (London Bagel Museum) · Bakery cafe (F&B)
- Buyer
- JKL Partners · FI
- Seller
- Founders
- Structure
- —
- Announced
- Jun 26, 2025
- Closed
- —
- Stage
- Closed
Target
Operator of the bakery-cafe London Bagel Museum (first store Anguk, Seoul, Sept 2021; six stores) plus Cafe Layered, Cafe High Waist and Artist Bakery, expanding into Japan and Singapore (Segye Ilbo, Hankyung).
Deal rationale
Per Hankyung, the founders ran a sale process with BofA; after initial preferred bidder Inius PE's funding was delayed, JKL Partners was chosen on its ability to complete the deal while raising its sixth blind fund (about KRW 800bn). Segye Ilbo reported that existing management stays on after the 100% acquisition.
| Revenue | $55m |
| Operating income | $17m |
| EBITDA | — |
| Net income | — |
2024 별도 · DART-verified · 20250408002007
Press coverage
- 딜사이트 (2026-02-20): “JKL파트너스는 지난해 8월 런던베이글 운영법인 엘비엠(LBM)과 주식매매계약(SPA)을 맺고 약 1600억원에 경영권을 확보했다.”
- 딜사이트 (2025-07-15): “최근 JKL파트너스는 LBM 지분 100%를 1500억원 가량에 인수하는 주식매매계약(SPA)을 체결했다.”
- 한국경제 (2025-06-26): “인수가는 2000억원대로 알려졌다.”
- 세계일보 (2025-07-05): “인수가액은 2000억원 안팎으로 알려졌다.”
- 더팩트 (2025-11-01): “JKL파트너스는 지난 7월 런베뮤 운용사 엘비엠을 약 2000억원대 인수했다”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.