Quadrant Private Equity will exit as much as half of its stake in Estia Health as the Australian aged care provider seeks to raise up to A$834 million ($726 million) through an IPO. The...
Exits | 19 Nov 2014 |
China has become the primary source of tourists to the Maldives. In the first six months of 2014, more than 170,000 Chinese travelers flocked to the islands, up 20% year-on-year. They accounted for nearly one in three visitors, according to the Maldives...
Consumer | 19 Nov 2014 |
Asahi has received NZ$220 million ($175 million) from Pacific Equity Partners (PEP) and Unitas Capital in a settlement that brings to a close their dispute over the sale of New Zealand beverage producer Independent Liquor.
Consumer | 18 Nov 2014 |
Vertex Ventures has led a $30 million round of funding for Metao, a Chinese cross-border e-commerce platform, with participation from Morningside Technologies, Greenwoods Investment and Matrix Partners.
Greater China | 18 Nov 2014 |
TPG Capital-owned Australian poultry producer Inghams Enterprises has sold 31 properties to W.P. Carey, a US-based real estate investment trust, for A$157 million ($138 million).
Australasia | 17 Nov 2014 |
CITIC Securities and Shenzhen Capital have invested $100 million in a Series B round of funding for Hihey.com, an online trading platform for Chinese art.
Greater China | 17 Nov 2014 |
Chinese private equity firm Sailing Capital has agreed to invest in luxury resort developer Soneva Group. It will support the expansion of a portfolio of properties in the Maldives.
Real estate | 17 Nov 2014 |
HomeShop18, an Indian television shopping network and online market place backed by SAIF Partners and OCP Asia, has abandoned plans for a US IPO.
South Asia | 17 Nov 2014 |
Shanghai Jin Jiang International, a Chinese hotel operator backed by Hony Capital, has agreed to buy Europe’s second-largest hotel group Louvre Hotels from US real estate investor Starwood Capital.
Greater China | 14 Nov 2014 |
Silver Lake’s 2.2% stake in Alibaba Group is worth more than $6 billion at current market prices, but internal approval for the original investment in the Chinese e-commerce player in 2011 did not come easily.
Exits | 13 Nov 2014 |
Forum Synergies has led a Series B round of funding worth INR300-500 million ($4.9-8.1 million) for CBazaar.in, an Indian online ethnic fashion retailer.
South Asia | 10 Nov 2014 |
Momo, a Chinese location-based social-networking app best known for its “flirting” function, has filed for a US IPO. Backers include Alibaba Group, Matrix Partners, Yunfeng Capital and Sequoia Capital.
Exits | 10 Nov 2014 |
GIC Private has agreed to pay PHP17.6 billion ($391 million) for a 9.64% stake in Emperador (EMP), a Philippines-based liquor producer. Its parent is Alliance Global, a conglomerate controlled by local businessman Andrew Tan.
PIPEs | 10 Nov 2014 |
The Abraaj Group has acquired a majority stake in the Wine Connection Group, a Southeast Asia-focused food and beverage chain.
Consumer | 07 Nov 2014 |
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta