Exits
4Q analysis: Defined by uncertainty
Korea comes to the fore as investment in China slows; venture capital and pan-regional players remain preeminent in Asia fundraising; IPO weakness reflects investor wariness
Asia PE investment hits $183b in 2018
Private equity investment in Asia slowed to $183.3 billion in 2018 – from $207.3 billion the previous year – as a decline in large-scale buyout activity offset a surge in late-stage rounds for technology companies.
SunBridge exits Marketo's Japan JV to Adobe
SunBridge Partners, a US-based VC firm that helps companies access Japan, has exited its position in a Japanese joint venture (JV) with B2B cloud technology provider Marketo to Adobe.
Sequoia-backed Futu Securities files for US IPO
Futu Securities International, a Hong Kong-based online brokerage backed by Sequoia Capital China and Matrix Partners China, has filed to list in the US.
PE-backed WuXi Apptech trades flat on Hong Kong debut
PE-backed WuXi AppTec, a contract pharmaceutical R&D services provider, traded flat on its Hong Kong debut, following an IPO of HK$9.1 billion ($1.1) billion.
Q&A: Tata Opportunities Fund's Paddy Sinha
Paddy Sinha, a managing partner with Tata Opportunities Fund, discusses macroeconomic and policy developments in India, the availability of buyouts, and the outlook for exits
Tencent-backed Tongcheng-Elong gains 26% on HK debut
Tongcheng-Elong, a Chinese online travel services company backed by Tencent Holdings, Ctrip and local PE player Ocean Link, surged on its Hong Kong trading debut following a HK$1.62 billion ($207 million) IPO.
Mixed impact on exits as early-stage VC heats up – AVCJ Forum
VCs face new challenges and opportunities in exit markets across Asia as later-stage investors and strategic players participate more deeply in early-stage ecosystems.
Bain scores three wins at AVCJ Awards
Bain Capital completed a hattrick of wins at the 2018 AVCJ Private Equity & Venture Capital Awards, securing the prizes for firm of the year, deal of the year, and exit of the year – each one in the large-cap category. Quadrant Private Equity was named...
L Catterton makes partial exit from China mall operator Sasseur
L Catterton Asia has made a partial exit from Chinese mall operator Sasseur citing ongoing efforts to optimize its portfolio.
Direct Capital exits New Zealand's Cavalier Wool
New Zealand’s Direct Capital has exited its remaining 13.7% stake in domestic carpet manufacturing industry services provider Cavalier Wool Holdings (CWH) for an undisclosed sum.
AVCJ Awards 2018 - Nominations have now closed
Nominations for the 2018 AVCJ Private Equity & Venture Capital Awards have now closed. The public voting stage of the process will begin around October 10.
Deal focus: China baby boom market comes of age
Warburg Pincus has acquired Chinese mother-and-baby company Leyou, providing an exit for CDIB Capital and The Carlyle Group. The deal signals a rapid maturation process in the segment
Warburg Pincus seals secondary buyout of China's Leyou
Warburg Pincus has agreed to acquire a majority stake in Chinese maternity products supplier Leyou. The deal will facilitate exits for The Carlyle Group and CDIB Capital.
Mekong exits Vietnam's Asia Chemicals for $8.9m
Vietnam-based Mekong Capital has exited its stake in Asia Chemical Corporation (ACC), a domestic industrial supplier, for $8.9 million, generating a gross return multiple of 2.6x and a gross IRR of 15.1%.
TPG invests in India's Sai, Tata Capital exits
TPG Capital has acquired a significant minority stake in Indian drug developer and manufacturer Sai Life Sciences, providing a full exit for Tata Capital Growth Fund.
Navis to sell stake in Singapore's White Lodge Education
Navis Capital Partners has agreed to sell a 70% stake in White Lodge Education Group Services, a Singapore-based preschool and kindergarten operator, for S$13.3 million ($9.8 million).
Asia exits have 'never been easier,' GPs say - AVCJ Forum
Private equity exits in Asia are on a roll, driven by rising Chinese strategic interest and the emergence of larger pan-regional private equity firms looking for secondary buyouts, industry participants told the AVCJ USA Forum.
TPG, CX exit India's Healthium to Apax
Apax Partners has acquired Indian medical devices supplier Healthium Medtech, facilitating exits for TPG Growth and CX Partners.
Tata-backed Varroc files for India IPO
Varroc Engineering, an Indian auto component manufacturer owned by the Varroc Group, has filed for an IPO that will see its private equity backer Tata Capital exit the bulk of its holding.
Japan's Ezaki Glico buys chocolate company from US GP
Ezaki Glico, a Japanese food company that markets a number of branded snack products, has acquired a majority stake in chocolate maker TCHO from US growth and venture capital firm Emil Capital Partners.
Partners Group nets 3.2x on Japan Solar through Equis Energy sale
Partners Group has confirmed a 3.2x return on its investment in Japan Solar as part of a previously announced larger Asia energy acquisition by Global Investment Partners (GIP).
Baring Asia sells Singapore education business to ICG
Baring Private Equity Asia has exited its 100% stake in Singaporean tertiary education institution PSB Academy to Intermediate Capital Group (ICG) for an undisclosed sum.
Timeline: 2017 by numbers
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
