Exit
Euronet challenges Alibaba's acquisition of PE-backed MoneyGram
US payment services company Euronet Worldwide has extended a buyout offer worth about $2 billion for NASDAQ-listed MoneyGram, contesting a bid made earlier this year by Alibaba Group’s PE-backed affiliate Ant Financial. The pending sale will provide...
Carlyle exits India's Edelweiss for $131m
The Carlyle Group has fully exited its stake in India’s Edelweiss Financial Services for INR8.7 billion ($131 million) in an open market transaction.
Khazanah-backed fund part exits India's Apollo Hospitals for $160m
Integrated Healthcare Holdings (IHH), which is majority-owned by Malaysian sovereign wealth fund Khazanah Nasional, has sold part of its stake in India's Apollo Hospitals for INR10.7 billion ($160 million).
Providence completes exit from India's Idea Cellular
Providence Equity Partners has exited its remaining 3.3% stake in Indian mobile network operator Idea Cellular for INR12.9 billion ($193 million).
Comcast takes full ownership of Japan's USJ, PE firms to exit
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital will fully exit Universal Studios Japan (USJ) after Comcast NBCUniversal agreed to buy the 49% of the company it doesn’t already own for JPY254.8 billion ($2.3 billion).
China Lodging to acquire PE-backed Crystal Orange Hotel
China Lodging Group, a US-listed Chinese hotel chain, has agreed to buy Crystal Orange Hotel Holdings, a Chinese boutique operator backed by The Carlyle Group, for RMB3.65 billion ($530 million) in cash.
IDFC exits India's Essar Power for $87.1m
IDFC Alternatives has fully exited its stake in Indian power plant operator Essar Power for INR5.8 billion ($87.1 million).
MBK to buy Korean gas business from Goldman consortium
MBK Partners has agreed to buy Daesung Industrial Gases from a Goldman Sachs-led consortium that has majority-owned the South Korean industrial gas manufacturer since July 2014.
Bain makes partial exit from Australia's MYOB
Bain Capital Private Equity has made a partial exit from Australian accounting software developer MYOB, reducing its holding from 56.25% to approximately 39.1%.
Private equity-backed SF Express lists in Shenzhen
China’s largest express delivery services provider SF Express, which is backed by several PE investors, has completed a backdoor listing in Shenzhen that values the business at RMB43.3 billion ($6.6 billion).
Permira-owned Sushiro targets $728m Japan IPO
Sushiro Global Holdings, a sushi restaurant chain majority-owned by Permira, is looking to raise up to JPY82.4 billion ($728 million) through an IPO in Tokyo.
SAIF completes exit of India's MakeMyTrip
SAIF Partners has exited its remaining stake in US-listed Indian online travel agent MakeMyTrip.
MBK-owned ING Life files for Korea IPO
ING Life Korea, a Korean insurer that MBK Partners acquired in 2013 from ING Groep, has applied for regulatory approval for a domestic IPO.
ChrysCapital set for exit in Eris Lifesciences IPO
Indian pharmaceutical company Eris Lifesciences has filed for a domestic IPO that is expected to facilitate a full exit for ChrysCapital Partners, which has been an investor since 2011.
PE-backed Serba Dinamik raises $135m in Malaysia IPO
Serba Dinamik Holdings, a Malaysian oil and gas services provider backed by CMS Opus Private Equity (COPE), posted a marginal gain on its first day of trading on the Bursa Malaysia after raising MYR600 million ($135 million) in its IPO.
Avery Dennison to buy China's YongLe Tape from Shaw Kwei
Shaw Kwei & Partners has agreed to sell YongLe Tape – a Chinese PVC adhesive tape manufacturer that it privatized in 2012 – to Avery Dennison for $190 million, with additional earn-outs of up to $55 million.
India's PE-backed Au Financiers files for IPO
Indian non-banking financial company (NBFC) Au Financiers has filed for an IPO, providing partial exits for its PE backers including Warburg Pincus, ChrysCapital, Kedaara Capital and the International Finance Corporation (IFC).
German strategic buys majority stake in ICG-backed Cura Group
German healthcare services and equipment provider Fresenius Medical Care has agreed to take control of Australia’s Cura Group, a hospital operator backed by Intermediate Capital Group (ICG).
iSigma exits Japan's Sweet Style
ISigma, a mid-size buyout firm controlled by trading and investment conglomerate Marubeni, has exited its 100% stake in Japanese food and beverage company Sweet Style to Mitsuuroko Group.
France's Ingenico buys India's PE-backed TechProcess
French electronic payment service provider Ingenico has agreed to buy TechProcess, an Indian developer of online and mobile payment services backed by several VC investors.
Alibaba’s Ant Financial to buy THL-backed MoneyGram
Thomas H. Lee Partners (THL) will exit US-listed MoneyGram following an agreement to merge the money-transfer services provider with Ant Financial, a PE-backed online financial services affiliate of Alibaba Group, in a deal that values the business at...
New Zealand's VC-backed Phitek Systems sold to US tech player
New Zealand-based audio equipment and technology developer Phitek Systems has been sold to a US strategic buyer, providing an exit for a number of domestic VC investors.
Bridgepoint agrees sale of Nordic Cinema to Chinese strategic
AMC Entertainment, the US theatre chain controlled by China’s Dalian Wanda Group, will acquire Stockholm-based Nordic Cinema Group from PE firm Bridgepoint and Swedish media group Bonnier Holding for SEK8.25 billion ($929 million).
Pencarrow sells NZ beverage company to Dutch trade buyer
New Zealand’s Pencarrow Private Equity has sold 100% of domestic tea and coffee company BrewGroup to Jacobs Douwe Egberts (JDE), a Netherlands-based beverages group active in more than 100 countries.