Exit
Bain serves up Skylark in Tokyo IPO
When Bain Capital bought Skylark in 2011, the restaurant operator was going through one the rougher patches of its 40-year history. A dysentery outbreak had forced the closure of 120 outlets, further delaying a transaction that had already been on hold...
PayU acquires VC-backed Indian payments start-up
Online payment solutions provider PayU India has acquired Cobboc, the VC-backed start-up behind mobile payments app Eashmart.
CVC set for partial exit from Indonesia’s Link Net
CVC Capital Partners is set for a partial exit from Link Net, Indonesia’s second-largest fixed-line broadband and cable TV operator, through a share placement.
J-Star to exit healthcare firm HCM to Alshok Group
Japanese security firm Alshok Group has agreed to acquire Tokyo-based healthcare service provider HCM Corporation, paving an exit for mid-market GP J-Star.
China’s Baidu buys VC-backed Brazilian online discount site
Chinese search giant Baidu has bought a controlling stake in Brazil-based Peixe Urbano, an online discount platform that has received several rounds of VC funding, for an undisclosed sum.
Shares in Bain-backed Skylark fall on Tokyo debut
Shares in Skylark, the Japanese restaurant operator backed by Bain Capital, fell by nearly 4.8% on the first day of trading on the Tokyo Stock Exchange (TSE) following a JPY75.1 billion ($686.2 million) IPO.
CVC to raise $80m via Jintian Pharma share sale
CVC Capital Partners will raise HK$620 million ($80 million) through a block trade of shares in Jintian Pharmaceutical Group, a Chinese pharmaceutical retailer and distributor.
Portfolio: First Reserve and KrisEnergy
In backing oil and gas start-up KrisEnergy, First Reserve put its faith in a rare commodity in Southeast Asia – an independent team that knows where the plumb assets are and how to access them
3i completes med-tech upscale job
When John Thomson, head of 3i Group’s Southeast Asia business, met Singaporean entrepreneur Jay Pok in the mid-2000s, he was on the lookout for a medical technology investment. But Pok’s company, medical cable maker LHi Technology, though impressive,...
India’s IPO pipeline
Indian test preparation services provider CL Educate filed for an IPO last week. Just over half of the offering will comprise shares held by the promoter and private equity backer Gaja Capital. It should come as welcome respite for the GP – which first...
Blackstone, Embassy to acquire Four Seasons Bangalore
The Blackstone Group and Indian developer Embassy Property Developments have acquired a 73% stake in Bangalore-based project comprising the Four Seasons Hotel and a luxury home development from Goldman Sachs.
Permira in talks to sell Arysta to Platform Specialty – report
Arysta LifeScience, the Japanese agricultural chemicals maker owned by Permira that last month filed for a US IPO, is said to be in talks with Platform Specialty Products over a potential acquisition.
Marunouchi exits Japan supermarket chain to Lawson for $501m
Marunouchi Capital - the private equity arm of Mitsubishi Corp - has exited Japanese high-end supermarket chain Seijo Ishii to convenience store operator Lawson for JPY55 billion ($501 million) including debt.
VC-backed Chinese car rental firm eHi files for US IPO
EHi Car Services, a Shanghai-based car rental company backed by a string of VC investors, has filed for an IPO on the New York Stock Exchange (NYSE).
3i exits Asian medical device maker LHi to US trade buyer
3i Group has exited LHi Technology – a medical equipment manufacturer bought from Baring Private Equity Asia in 2008 – to US-based Carlisle Companies for an enterprise valuation of around $195 million, claiming a 2.9x money multiple.
Kendall Court exits Malaysian broadband provider
Kendall Court Capital Partners has exited Packet One Networks – a Malaysian broadband provider heavily involved in 4G telecommunications technology – as Telekom Malaysia (TM) bought a controlling stake in the company.
China's CIC in $311m partial exit from Noble Group
China Investment Corporation (CIC) has made a partial exit from Singapore-listed agriculture and energy supply chain manager Noble Group, generating proceeds of S$396 milion ($310.6 million).
J-Star seals first secondary exit
Japan has seen 61 private equity secondary exits since 2011 – more than the combined total for the 10 years before that. This surge in activity can largely be traced back to buyouts from the years leading up the global financial crisis. Investors want...
China downside protection: Parachute play
All PE investors want downside protection in China, but they prefer to use it as leverage in amicable negotiations rather than pursue full enforcement. Knowing the entrepreneur and the business is crucial
CVC-owned SPi to sell US healthcare business for $235m
SPi Global, a Philippines-based business process outsourcing (BPO) provider owned by CVC Capital Partners, has agreed to sell its US healthcare business to Conifer Health Solutions in a deal worth $235 million.
PE-backed apparel maker La Chapelle eyes $285m HK IPO
Ladies apparel maker Shanghai La Chapelle, which is backed by a string of PE investors, plans to raise HK$2.21 billion ($285 million) through an IPO in Hong Kong.
Alibaba shares surge 38% on US trading debut
Shares in Alibaba Group soared 38.07% in their first day of trading on August 19, following a $21.8 billion IPO on the New York Stock Exchange (NYSE).
Archer seeks Asian partner to boost Brownes Dairy – report
Archer Capital is said to be seeking an Asian partner to invest in Brownes Dairy and help the milk producer market its products overseas, particularly in China.
Alibaba sets terms for $21.8b IPO
Alibaba Group will raise $21.8 billion in its IPO after pricing shares at the top end of the indicative range. The Chinese internet company could end up with as much as $25 billion if the overallotment option is fully exercised.