Hoyts’ IPO delay highlights industry anxiety
Australia experienced an especially difficult year for IPOs in 2010. News throughout the year of delays and abandoned listing plans were consistently attributed to inclement market conditions, while trade sales seemed the only exit option. Yet, despite a strong economy, it came to public attention at AVCJ’s own conference in Sydney that Pacific Equity Partners (PEP) will again delay its planned IPO exit from Australian cinema investee Hoyts Group.
PEP's news comes almost a year to the day that it first decided to delay Hoyts IPO, which was initially slated for the second half of last year. The company said in March 2010 that it instead aimed for...
More on Exits
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.