Exits
PE-backed Wenzhou Kangning Hospital files for HK IPO
Wenzhou Kangning Hospital, the largest private psychiatric specialty care service provider in China backed by PE investors, has filed for an IPO in Hong Kong.
Apollo exits 4.4% stake in India's Dish TV
Apollo Global Management has exited a 4.4% stake in India-based direct-to-home (DTH) service provider Dish TV, selling about INR4.86 billion ($76.6 million) worth of shares via the open market.
Google, Lightspeed-backed InnoLight files for US IPO
InnoLight Technology, a manufacturer of components used in cloud computing and Google Capital’s first China-based portfolio company, has filed for an IPO in the US.
FTIL cancels IEX sale, agrees new terms
Financial Technologies India (FTIL) has agreed to sell a 16.6% stake in India Energy Exchange (IEX) to a consortium of investors for INR3.57 billion, cancelling an earlier arrangement to sell its entire stake in a deal led by TVS Capital Funds.
China financial player Jupai files for US IPO
Chinese wealth-management service provider Jupai, which is backed by an investment unit of online real estate agency E-House and Sina Corp, has filed for a US IPO.
Lafarge buys back Baring Asia's stake in its India unit
French cement maker Lafarge has agreed to buy back Baring Private Equity Asia's stake in its India division, Lafarge India, for EUR270 million ($304 million).
Warburg Pincus in partial exit from China Biologic
Warburg Pincus has raised $241.5 million by reducing its stake in US-listed biopharmaceutical developer China Biologic Products.
Apax sells Chinese restaurant chain Golden Jaguar
Apax Partners has agreed to sell Chinese high-end restaurant chain Golden Jaguar to Hong Kong-listed Carnival Group International Holdings for HK$253.4 million ($32.7 million).
Deal focus: Advantage rings up TeleGuam return
Ties between Japan and the US territory of Guam go back a long way. Much of this is do with their relatively proximity, and the fact Japan held the island during the Second World War. But visitors coming from Japan are much more welcome today. Guam is...
CITIC PE-backed 3SBio IPO raises $711m in Hong Kong IPO
CITIC Private Equity has made a partial exit from Chinese biotech player 3SBio as the company raised HK$5.51 billion ($711 million), two years after leaving NASDAQ in a take-private deal.
PE-invested LIG Nex1 applies to go public in Korea
LIG Nex1, a South Korean domestic aerospace and defense company that is 49%-owned by STIC Investments-led consortium, has filed for a domestic IPO.
Chinese premier backs local listings for start-ups
Chinese Premier Li Keqiang said the government would promote start-ups with “special ownership structures” to list onshore, as part of efforts to encourage the development of the venture capital industry.
Focus Media set for $7b reverse merger in Shenzhen - update
Shenzhen-listed Jiangsu Hongda New Material will acquire Chinese outdoor advertising business Focus Media, which was taken private two years ago by a consortium of PE investors and company management, for RMB45.7 billion ($7.37 billion), paving the way...
Advantage exits GTA TeleGuam to Indonesian trade buyer
Japan's Advantage Partners has exited GTA TeleGuam - the former state-owned telephone company based on the island of Guam - to Telkom Indonesia. The value of the transaction has not been disclosed.
FountainVest, CMC-backed IMAX China files for HK IPO
The China business of movie theater operator IMAX, in which FountainVest Partners and CMC Capital Partners acquired a 20% stake just over a year ago, has filed for an IPO in Hong Kong.
China public markets stoke GP investment, exit concerns
China’s robust public markets are creating challenges for private equity managers as they seek to acquire assets at acceptable valuations and pick the time to exit existing portfolio companies.
Warburg Pincus makes partial exit from China Auto Rental
Warburg Pincus has completed a partial exit from China Auto Rental (CAR), raising HK$3.1 billion ($401 million) and reducing its stake in the company to 11%.
China GPs wary of public market volatility, regulation - AVCJ Forum
China’s A-share market may be trading record highs, but PE investors told the AVCJ China forum that they are still wary of public market exits, citing the amount of time it takes to complete the process.
China VC activity will continue to thrive - AVCJ Forum
Chinese VC deal activity is expected to retain its strong momentum over the next few years, largely due the increasing diversity of exit channels.
GIC, BlackRock cornerstone CITIC PE-backed 3SBio's IPO
GIC Private and BlackRock have joined four other investors to cornerstone Chinese biotech pharmaceutical developer 3SBio's relisting in Hong Kong, two years after it was taken off NASDAQ by CITIC Private Equity.
India's ChrysCapital exits stake in Mankind Pharma
ChrysCapital Partners has sold its 11% stake in India-based Mankind Pharma to investment firm Capital International for just over $200 million, valuing the company at about $2.2 billion.
China seeing more liquidity, increased competition for deals - AVCJ Forum
China’s private equity industry is seeing greater liquidity than in recent years but competition for deals – the operating partners required to make investments work – is intensifying, GPs told the AVCJ China Forum.
ICICI Venture exits India's Future Lifestyle
ICICI Venture has exited its stake in Future Group-owned India apparel company Future Lifestyle Fashion (FLF) through an open market transaction.
Marunouchi Capital exits Japanese toymaker Takara Tomy
Marunouchi Capital has sold the last of its stake in Japanese toymaker Takara Tomy via an open market sale.