Chinese outdoor advertising business Focus Media, which was taken private two years ago by a consortium of PE investors in conjunction with company management, will re-list in Shenzhen through...
Greater China | 22 May 2015 |
Bain Capital is set to make another partial exit from Japanese casual dining chain Skylark, reducing its stake from 66% to under 50%.
Exits | 22 May 2015 |
Chinese e-commerce platform solutions provider Baozun, which has several strategic and private equity backers, saw its stock gain 3.5% on its US trading debut following an IPO that priced below the indicative range.
Greater China | 22 May 2015 |
Go Scale Capital has led a transaction whereby a majority stake in its Chinese portfolio company, Lattice Power, has been sold to Shunfeng International Clean Energy (SFCE). The sellers will receive HK$2.04 billion ($263 million) worth of shares in Hong...
Exits | 21 May 2015 |
Tiger Global continues to exit India-listed online business directory Just Dial, selling a 5.37% stake - half of its remaining 9.18% holding - for INR4.08 billion ($64 million) via an open market transaction.
Exits | 20 May 2015 |
Indian venture capital firm Future Consumer Enterprise (FCEL) will exit its salon subsidiary Star & Sitara, and to acquire a controlling stake in confectioner MNS Foods.
South Asia | 19 May 2015 |
Baring Private Equity Asia has received permission from India's Competition Commission to acquire ATM management service CMS Info Systems, providing an exit for The Blackstone Group.
South Asia | 15 May 2015 |
TPG Capital has sold its 20.37% stake in Indian non-banking finance company Shriram City Union Finance (SCUF) to Apax Partners. Based on the May 12 closing price of INR1,719, it was worth around INR23 billion ($360 million).
Exits | 14 May 2015 |
Baozun, a Chinese e-commerce platform solutions provider that has several strategic and private equity backers, has set terms to raise up to $177.1 million through a US IPO.
Exits | 12 May 2015 |
Japan’s Recruit Holdings has acquired UK-based Hotspring Ventures, the company behind online hair and beauty marketplace Wahanda, for JPY4.5 billion ($37.6 million), providing an exit for the company’s VC backers.
Europe | 07 May 2015 |
Private equity firm Actis has reached an agreement to exit its stake in Indian automotive lighting manufacturer Phoenix Lamps to cable maker Suprajit Engineering.
South Asia | 07 May 2015 |
Quadrant Private Equity has exited Heartland New Zealand, selling its 8.75% stake in the lender for NZ$53.5 million ($40.1 million) through a block trade.
Exits | 07 May 2015 |
Indian apparel retailer Numero Uno Clothing has filed for an IPO, hoping to raise INR650 million ($10 million) and providing a partial exit for its backer, AA Indian Development Capital Advisors.
South Asia | 06 May 2015 |
Spring Capital has merged mobile handset manufacturer Vanzo Communication Technology with Shanghai-listed Hubei Kaile Science and Technology. This represents a liquidity event for the China-focused investor.
Greater China | 06 May 2015 |
KKR has made a partial exit from Far East Horizon, a financial leasing company that is part of the Chinese trading conglomerate Sinochem Group.
Greater China | 05 May 2015 |
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In 2015, China is expected to experience a "new normal of growth". For private equity investors, China's new stage of growth represents huge opportunities: an increase of 270% in online consumption, the reform of over a hundred sovereign-owned enterprises, trillion-dollar investments into overseas infrastructure projects, the rising entrance of young entrepreneurs, and many more.
To be held on 28 and 29 May, the 14th annual AVCJ China Forum 2015 in Beijing will feature these exciting topics and bring together top-notch speakers from across the world.Join the premium industrial gathering of over 300 private equity professionals, regulators and senior executives for two days of mind-provoking discussions, networking and more.
28-29 May 2015, China World Summit Wing,Beijing
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
245-26 June 2015, Conrad Hotel, Tokyo