Exits
Apollo completes exit from India's Dish TV
Apollo Global Management has fully exited India-based direct-to-home TV service provider Dish TV, selling its remaining 3.58% stake for INR3.99 billion.
India's Quick Heal, Parag Milk Foods file for IPOs
Indian security software developer Quick Heal Technologies and dairy firm Parag Milk Foods have filed for IPOs, seeking INR2.5 billion ($38 million) and INR3.25 billion, respectively. Parag has also raised an additional INR600 million from existing backer...
PEP-owned Link Group seeks up to $665m in Australia offering
Pacific Equity Partners (PEP) portfolio company Link Group is looking to raise as much as A$946.5 million ($665 million) in an IPO on the Australian bourse.
Exit options: China trade sales
Acquisitive mainland-listed Chinese companies have become the primary movers in the country's private equity trade sale market
Comcast to buy majority stake in PE-owned Universal Studios Japan
Comcast Corp. has agreed to pay JPY183 billion ($1.5 billion) for a 51% stake in Universal Studios Japan (USJ), a theme park operator controlled by MBK Partners, Goldman Sachs, PAG, and US hedge fund Owl Creek Asset Management.
Everstone-backed VLCC Health Care files for India IPO
VLCC, an Asian health and beauty brand backed by Everstone Capital, has filed for an IPO in India. The private equity firm will exit about 45% of its holding through the offering.
Blackstone rejects Gateway offer for India freight business
The Blackstone Group has rejected an offer from Indian logistics player Gateway Distriparks (GDL) to buy its stake in freight subsidiary Gateway Rail Freight (GRFL) for INR6 billion ($90.3 milion).
PE firms set for part-exits as IMAX China targets $276m HK IPO
FountainVest Partners and CMC Capital Partners plan to make partial exits from IMAX China as the movie theater operator looks to raise as much as $276 million in a Hong Kong IPO.
NewQuest, Tsing exit China Hydroelectric to Shenzhen Energy
Publicly-traded Shenzhen Energy has agreed to acquire China Hydroelectric for $542.6 million, paving a full exit for PE backers NewQuest Capital Partners and Tsing Capital.
Hong Kong Broadband's PE backers make partial exit
CVC Capital Partners and its co-investors, AlpInvest Partners and GIC Private, have sold a 7.6% stake in Hong Kong Broadband (HKBN), the internet services provider they acquired in 2012 and took public in March.
Carlyle exits India's Elitecore to Sterlite
Indian optical fiber and power cable producer Sterlite Technologies has bought telecommunication software developer Elitecore Technologies from The Carlyle Group.
Deal focus: Allegro secures smooth TSC exit
Australia's Allegro nets a 2.4x return as Engie moves early for industrial services provider TSC Group
PE backers to exit 7 Days Group to hotel operator Jin Jiang
A group of PE backers, including The Carlyle Group and Actis Capital, are set to exit Chinese budget hotel chain 7 Days Group as industry peer Shanghai Jin Jiang Hotels agreed to acquire a majority stake in the company for RMB8.3 billion ($1.3 billion)....
Allegro fully exits Australia's TSC Group to Engie
Allegro Funds has exited its majority stake in Australia-based industrial services provider TSC Group to multinational energy player Engie.
IVFA in part-exit from India's UEM as Toshiba raises stake
Toshiba Corporation has increased its stake in India-based water supply and treatment business UEM to 80%, facilitating a partial exit for India Value Fund Advisors (IVFA), which has backed the company since 2009.
Public markets and ESG: The bourse bites back
With regulators toughening their stance on compliance, PE investors in Asia may have to place as much emphasis on environmental, social and governance (ESG) issues for public market exits as they do for trade sales
India's PE-backed Dr Lal PathLabs files for IPO
Indian medical diagnostic service chain Dr. Lal PathLabs has filed for an IPO, providing part exits for its PE backers WestBridge Crossover Fund and TA Associates.
India's PE-backed TeamLease files for IPO
Indian staffing services company TeamLease has filed for an IPO, providing a partial exit for backers Gaja Capital and ICICI Venture.
Littlejohn exits Henniges Auto to China's AVIC
A subsidiary of Aviation Industry Corporation of China (AVIC) has acquired automotive equipment manufacturer Henniges Automotive Holdings from US mid-market buyout firm Littlejohn & Co.
2015 AVCJ Awards - last call for nominations
Nominations for the 2015 AVCJ Private Equity & Venture Capital Awards close today, September 23. The deadline has already been extended once and will not be extended again.
CHAMP PE to make partial exit from Accolade Wines
Australia-based CHAMP Private Equity is set for a partial exit from Accolade Wines after agreeing to sell its 50% stake in UK-based drinks wholesaler Matthew Clark to Conviviality Retail, owner of a franchised off-license chain in the UK.
Deal focus: Chinese strategic snares Avolon
An acquisition by an Asian strategic player was always a likely outcome for aircraft leasing business Avolon. Japanese groups have completed a couple of deals in the space in recent years, while HNA Group – which has agreed to buy Avolon at an enterprise...
Paine & Partners' Indonesian Icicle exit falls through
Paine & Partners’ proposed exit from North America-based seafood business Icicle Holdings to a company owned by Indonesia’s Soetantyo family has been terminated.
China's HNA to buy PE-backed Avolon for $2.5b
Chinese aviation and shipping conglomerate HNA Group, has agreed to buy Avolon, a PE-backed aircraft leasing company, for approximately $2.5 billion.