We present a first and detailed study of the bright and active K0IV-III star HD 123351. The star is found to be a single-lined spectroscopic binary with a period of 147.8919+-0.0003 days and a large eccentricity of e=0.8086+-0.0001. The rms of the or
bital solution is just 47 m/s, making it the most precise orbit ever obtained for an active binary system. The rotation period is constrained from long-term photometry to be 58.32+-0.01 days. It shows that HD 123351 is a very asynchronous rotator, rotating five times slower than the expected pseudo-synchronous value. Two spotted regions persisted throughout the 12 years of our observations. Four years of Halpha, CaII H&K and HeI D3 monitoring identifies the same main periodicity as the photometry but dynamic spectra also indicate that there is an intermittent dependence on the orbital period, in particular for Ca ii H&K in 2008. Line-profile
