Bain Capital Private Equity will divest its remaining 15% stake in Japanese restaurant operator Skylark, completing a gradual sale of the business it acquired in 2011 and took public three years later.
SSG Capital Management has made a partial exit from Future Supply Chain (FSC), a supply chain and logistics subsidiary of India’s Future Enterprises (FEL), for INR1.25 billion ($19 million).
Jianpu Technology, a subsidiary of Chinese VC-backed financial products search and recommendation platform Rong360, has slipped below its IPO price following a $180 million offering on the New York Stock Exchange.
KKR has made a partial exit from China International Capital Corporation (CICC) – the Chinese investment bank in which it acquired a minority stake in 2010 – generating proceeds of HK$1.52 billion ($194.5 million).
Private equity exits have proved strong in 2017, with a range of buyers showing an appetite for PE-backed companies, industry participants told the AVCJ Forum.
LexinFintech, a China-based financial technology portal backed by several VC investors, has filed for an IPO on the New York Stock Exchange.
Vietnam’s Mekong Capital has exited its 25% stake in domestic pharmaceuticals company Traphaco for about $64.5 million. It represents a gross return multiple of 6.3x for the investment.
Asia Cement, a mid-tier Korean construction materials producer, has been selected as the preferred bidder for Halla Cement, which Baring Private Equity Asia put up for sale earlier this year.
Razer, a manufacturer of gaming peripherals with several venture capital backers, has raised HK$3.93 billion ($504 million) in its Hong Kong IPO.
Beijing Bytedance Technology, the parent company of Chinese news aggregator Toutiao, has agreed to acquire Musical.ly, a VC-backed short video social networking platform.
Private equity-backed Vincom Retail, the leading shopping mall operator in Vietnam, has completed the country’s largest-ever IPO, after increasing the size and pricing of its offering to raise VND16.8 trillion ($740 million).
New Zealand’s Pencarrow Private Equity has agreed to sell its entire stake in Icebreaker, a domestic clothing brand that specializes in outdoor winter apparel, to US-listed competitor VF Corporation.
China Literature, a PE-backed online reading unit being spun out by Tencent Holdings, has raised HK$8.3 billion ($1.1 billion) in a Hong Kong IPO.
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
Ctrip, Chna’s largest travel services provider, has made another outbound acquisition with the purchase of US-based Trip.com, which has previously received several rounds of venture capital funding.
Qihoo 360, a Chinese internet security software provider that was delisted in the US last year by a consortium that includes several PE investors, will relist in Shanghai through a reverse merger worth RMB50.4 billion ($7.57 billion).
UFO Moviez, an Indian digital broadcaster with several PE backers, will merge with domestic peer Qube Cinema Technologies, with support from ICICI Venture.
MC Payment, a Singapore-based financial technology player with several VC backers, will list on the Singapore Stock Exchange's Catalist board via a reverse takeover of domestic peer Artivision Technologies.
Four Seasons Education, a China-based after-school math tutoring services provider that is backed by Chengwei Ventures and Crimson Capital, is looking to raise as much as $111.1 million through a US IPO.
Yixin, the VC-backed online financing subsidiary of China-focused online automotive portal Bitauto Holdings, has filed for an IPO in Hong Kong.
Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell Chinese convenience store chain Hi-24 to strategic investors in a deal worth $84 million.
CLSA Capital Partners (CLSA CP) has made a partial exit from Japanese cram school operator BC Ings to a government-backed investment fund.
Warburg Pincus has secured its first partial exit in Southeast Asia after Vietnam-based shopping mall operator Vincom Retail raised VND16.1 trillion ($709 million) in its IPO.
US-based automotive technology developer Delphi Automotive has acquired Singapore-focused VC-backed driverless car start-up NuTonomy for $450 million.