Several Korean private equity investors are poised to make a partial exit as Acushnet Holdings, owner of the Titleist and FootJoy golf brands, set a target of $463.9 million for its US IPO.
VC-backed Chinese data center provider GDS Holdings is seeking to raise up to $269.5 million in its NASDAQ IPO. The proceeds could reach $309.9 million if the overallotment option is fully exercised.
Development has been inconsistent in Asia’s IPO markets, with frequent pacing issues and challenges unique to each region. But in the right hands, they can still be highly rewarding for PE investors
ZTO Express, a China logistics operator backed by investors including Warburg Pincus and Sequoia Capital, has set a target of up to $1.33 billion for its US IPO.
Fundraising hits a record quarterly high, thanks entirely to Chinese government-backed vehicles; Australia, Southeast Asia compensate for investment slowdown in China; India shines on exits
Azure Power, an Indian solar panel company backed by several PE investors, has raised $61.4 million in its IPO on the New York Stock Exchange.
Ingham’s Enterprises, an Australian poultry producer owned by TPG Capital, is seeking to raise up to A$1.12 billion ($843 million) through a domestic IPO.
China-based data center provider GDS Holdings, in which SBCVC and Ping An Insurance are minority shareholders, has filed for a NASDAQ IPO.
The International Finance Corporation (IFC) has invested $11 million in Indonesia-based Aneka Gas Industri as part of the gas production company’s domestic IPO.
China-based logistics operator ZTO Express has filed for an IPO in the US. Sequoia Capital and Warburg Pincus are the most significant private equity backers with stakes of 7.2% and 6.1%, respectively.
Indian logistics provider Continental Warehousing has filed for a domestic IPO, setting up The Abraaj Group for a full exit. Warburg Pincus is expected to make a partial exit.
Indian fashion brand manufacturer and distributor Genesis Colors has filed an IPO that will provide a partial exit for private equity backers including Henderson Equity Partners, Mayfield India and InnoVen Capital.
Baroque Japan, an apparel business majority-owned by CDH Investments and Chinese women’s shoe retailer Belle International, is seeking to raise around JPY30.86 billion ($307 million) through a Tokyo IPO.
CX Partners is on course to make a partial exit from India-based Security & Intelligence Services (SIS) as part of the company’s domestic IPO.
Direct Capital will exit the bulk of its holding in New Zealand King Salmon as the seafood company seeks to raise up to NZ$77.5 million ($56.4 million) through a domestic and Australian IPO.
CLSA Capital Partners (CLSA CP) has made a partial exit from BayCurrent Consulting as the company raised JPY28.3 billion ($272 million) through an IPO on the Tokyo Stock Exchange.
Berry Genomics, a Chinese genetic test developer backed by Qiming Venture Partners and Legend Capital, is looking to list in Shenzhen through a reverse merger.
Foreign buyers and restless chaebols could help deliver more exit opportunities for private equity firms in Korea – provided it is the right asset, at the right price, at the right time
Indian pharmaceutical products developer Laurus Labs has filed for a domestic IPO, offering a partial exit for backers Warburg Pincus and Eight Roads Ventures.
Chinese mobile internet company and photo app provider Meitu has filed for a Hong Kong IPO, offering potential exits to investors including IDG Capital Partners and Qiming Venture Partners.
The Singapore Exchange has found limited success in attracting regional tech IPOs. Investors say it needs greater flexibility and understanding to grab a piece of the market
VC-backed Yatra Online, an Indian travel services provider, has agreed to be acquired by a special purpose US buyout firm as part of a backdoor NASDAQ listing scheme that values the company at $218 million.
Indian automobile component manufacturer Endurance Technologies has filed for an IPO, providing an exit for its investor Actis.
Shandong Linglong Tyre, a leading Chinese tire manufacturer backed by Legend Capital and Hony Capital, has raised RMB2.6 billion ($388 million) in a Shanghai IPO.