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).
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.
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.
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.
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-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.
UFO Moviez, an Indian digital broadcaster with several PE backers, will merge with domestic peer Qube Cinema Technologies, with support from ICICI Venture.
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.
US-based automotive technology developer Delphi Automotive has acquired Singapore-focused VC-backed driverless car start-up NuTonomy for $450 million.
Hosen Capital, New Hope Group and Temasek Holdings have agreed to buy Australia-based Real Pet Food – a leading global producer of fresh chilled pet food – from Quadrant Private Equity at a valuation of A$1 billion ($773 million)
Shanghai-based Xing Bian Li, a VC-backed new retail company that integrates online and offline channels, has acquired industry counterpart 51 Snackbar.
Gaja Capital Partners sold part of its stake in Indian liquor producer John Distilleries (JDPL) to The Sazerac Company, a US-based distillery.
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China-focused PE firm Blue Ocean Capital has exited US-listed China Cord Blood Corporation (CCBC), by selling its beneficial interest in the blood bank operator to a fund sponsored by Chinese conglomerate Sanpower Group.
TPG Capital has sold its stake in Myanmar Distillery Company (MDC), the producer of Grand Royal Whisky, as a Thailand-based strategic acquired a majority interest in the business.
Shanghai-listed clothing company Heilan Home has agreed to acquire a 44% stake in China babywear company Yeehoo Apparel, which is controlled by Lunar Capital, for RMB660 million ($99.6 million).
The growth in outbound M&A among Chinese investors has created significant exit opportunities for PE investors
Zee Entertainment Enterprises, a media and entertainment company based in India, has agreed to acquire 9X Media, an Indian media firm backed by New Silk Route Partners (NSR).
Advantage Partners has agreed to sell Customer Relation Telemarketing (CRTM), a call center business it acquired three years ago, to fellow Japanese private equity firm Integral Corporation.
A series of recent lucrative exits by Japanese GPs have shown that secondary buyouts in the country can deliver
Permira will realize a gross multiple of 2.9x on its investment in Sushiro Global Holdings – the sushi restaurant chain it took public in Tokyo earlier this year – having agreed to sell its remaining stake to the parent company of Genki Sushi.