Exits
Quadrant-backed APN Outdoor sees shares jump 8% on debut
Shares in APN Outdoor - the Australian billboard advertising business backed by Quadrant Private Equity - jumped as much as 8.6% as the company debuted on the Australian Securities Exchange (ASX).
Taiwan's Cathay buys PE-owned Conning for $240m
Cathay Life Insurance, Taiwan’s largest insurer, has agreed to buy Conning Holdings, an asset manager owned by US private equity firm Aquiline Capital Partners, for $240 million.
Silver Lake overcame doubters to secure Alibaba deal – AVCJ Forum
Silver Lake’s 2.2% stake in Alibaba Group is worth more than $6 billion at current market prices, but internal approval for the original investment in the Chinese e-commerce player in 2011 did not come easily.
Bain nets $400m through part-exit from India's Hero MotorCorp
Bain Capital has completed a second partial exit in five months from Indian motorcycle manufacturer Hero MotorCorp, raising INR24.5 billion ($400 million).
VC-backed Chinese dating app Momo files for US IPO
Momo, a Chinese location-based social-networking app best known for its “flirting” function, has filed for a US IPO. Backers include Alibaba Group, Matrix Partners, Yunfeng Capital and Sequoia Capital.
TVS Capital consortium picks 26% stake in IEX
A consortium led by TVS Capital Funds has agreed to buy a 25.64% stake in Indian Energy Exchange (IEX) for INR5.76 billion ($94 million) from Blackstone-backed Financial Technologies India (FTIL).
Motilal Oswal PE set for part exit through Power Mech IPO
India's Motilal Oswal Private Equity is set to make a partial exit from Hyderabad-based power infrastructure service provider Power Mech Projects, which has filed for an IPO.
Warburg Pincus invests $90m in India's Laurus Labs, Fidelity part exits
Warburg Pincus has paid INR5.5 billion ($89.6 million) for a minority stake in Indian drug maker Laurus Labs, triggering a partial exit for Fidelity Growth Partners India.
Japan's MegaChips to buy VC-backed SiTime
MegaChips Corp, a Tokyo-listed semiconductor maker, is to acquire SiTime Corporation, a VC-backed US semiconductor company for $200 million.
BVCF-backed Jaguar Animal Health targets $54m US IPO
Jaguar Animal Health, a veterinary drugs developer backed by China-focused healthcare investor BVCF, is looking to raise as much as $54 million through a NASDAQ IPO.
China's COFCO plans IPO for PE-backed businesses
Chinese agricultural conglomerate COFCO Corporation is looking to list some of its assets, including Noble Group’s agribusiness unit and Dutch grain trader Nidera Holdings, both of which were acquired with PE support.
Creador in Repco Home Finance withdrawal
The growth of India's non-banking finance companies (NBFCs) - institutions that offer banking services without meeting the definition of a bank - is well-documented. According to the Reserve Bank of India (RBI), the share of NBFC's assets as a proportion...
India's Adlabs Imagica raises $8m from NYLIM, Jacob Ballas
Indian theme park operator Adlabs Entertainment has raised INR500 million ($8.18 million) in a pre-IPO round of investment from NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and Jacob Ballas Capital.
CVC-backed Link Net cuts size of Indonesia share sale
Link Net, an Indonesian fixed-line broadband and cable TV operator in which CVC Capital Partners is an investor, has reduced the size of its planned share placement.
PE-backed Luye Pharma to take full ownership of Beijing Jialin
Luye Pharma Group, a PE-backed Chinese drug maker, has taken full ownership of its industry peer Beijing Jialin Pharmaceutical, acquiring a 42.02% interest from existing PE shareholders.
Creador in 3x partial exit from India's Repco Home Finance
Creador has made a partial exit from India's Repco Home Finance (RHF), generating a 3x return on its original investment.
Quadrant-backed APN Outdoor to raise $289m in IPO
Quadrant Private Equity will make a partial exit from ANP Outdoor as the Australian advertising business raises A$329.3 million ($289 million) through an IPO.
Permira exits Japan's Arysta LifeScience to US strategic for $3.5b
Permira has exited its investment in Japanese agricultural chemicals maker Arysta LifeSciences to US chemicals firm Platform Specialty Products (PSP) for about $3.51 billion.
PE-backed Juxin Leasing files for A-share IPO
Juxin International Leasing, a Chinese specialty leasing company backed by two PE investors, has filed a Shanghai IPO that could be worth up to RMB1.25 billion ($204 million).
CDH to realize $1.6b from WH Group through share pledge
CDH Investments, the largest PE shareholder in WH Group, will return capital to LPs by pledging shares in the Chinese pork processor worth an estimated HK$12.6 billion ($1.6 billion).
Qiming-backed life science firm BBI files for Hong Kong IPO
BBI Life Sciences Corporation, a Chinese genetic engineering specialist backed by Qiming Venture Partners, has filed for an IPO in Hong Kong. The company has yet to disclose the size and pricing of the offering.
PE-backed Wanda Cinema seeks for $326m in A-share IPO
China’s largest movie theater chain Wanda Cinema Line Corporation, which has a string of PE investors, has won regulatory approval for an IPO that could raise RMB2 billion ($326 million) in Shenzhen.
PE-backed Hunan Juwei Food files for A-share IPO
Hunan Juwei Food, a Chinese snack food maker backed by JD Capital and Fosun Venture, has filed for an IPO on the Shanghai Stock Exchange.
Navis agrees $220m sale of engineering business Trio
Southeast Asian GP Navis Capital Partners has exited Trio Engineered Products, a Chinese-American maker of industrial processing equipment to UK-listed engineering firm Weir Group for $220 million.