Exits
PE investors to make partial exits from India's AGS, S.H. Kelkar
Three private equity firms – TPG Capital, Actis and The Blackstone Group – are set for partial exits from their Indian investments as payment solutions provider AGS Transact Technologies and fragrances manufacturer S.H. Kelkar both filed for IPOs.
Saratoga plans $100m Indonesia mining unit IPO
Saratoga Capital is planning to raise $100 million through an IPO for Indonesian copper and gold miner Merdeka Serasi Jaya (MSJ) in the second half of this year.
Japan's Livesense buys VC-backed e-commerce start-up
Livesense - a Japanese internet company known for its flagship career search site Jobsense - has acquired a 71.7% stake in VC-backed e-commerce start-up Waja for JPY400 million ($3.3 million).
VC-backed Gunosy files for Tokyo IPO
Gunosy - a Japanese news app developer backed by the venture capital firm Jafco, telecoms company KDDI Corp. and B Dash Ventures - has filed for a Tokyo IPO.
Japan's Rakuten to acquire VC-backed US eBook firm
Japan's Rakuten will pay $410 million to acquire US-based digital book marketplace OverDrive from Insight Venture Partners, a US private equity and venture capital firm.
Hahn & Co-backed Cowell e Holdings targets $153m offering
South Korea-focused GP Hahn & Co. is set to make a partial exit from electronics manufacturer Cowell e Holdings as the company seeks to raise up to HK$1.19 billion ($153 million) through its Hong Kong IPO.
China’s Sailing makes partial exit from Israel-based Mobileye
China’s Sailing Capital has raised $77.5 million by selling a portion of its shares in Mobileye, an Israel-based road accident avoidance technology developer that went public in the US in August last year.
China’s Cheetah Mobile buys VC-backed mobile ad network
Cheetah Mobile, a US-listed Chinese internet security software provider backed by Matrix Partners and Tencent Holdings, has purchased VC-backed mobile ad network MobPartner for $58 million.
PE investors exit India's SFO Technologies
IL&FS Investment Managers Limited (IIML), Franklin Templeton and Asia Mezzanine Capital Group (AMCG) have exited SFO Technologies, a leading Indian technology manufacturer.
Hahn & Co-owned Cowell e Holdings files for Hong Kong IPO
Cowell e Holdings, a portfolio company of South Korea-based Hahn & Co. portfolio and a major supplier of camera modules used in Apple devices, has filed for an IPO in Hong Kong.
Japanese consortium buys US PE-backed juice maker
A consortium of Japanese investors has acquired Country Pure Foods, a US-based food service juice manufacturer, from US private equity firm Mistral Equity Partners.
Chinese VC-backed hospital chain files for Hong Kong IPO
Pengai Hospital Management Group, a Chinese cosmetic surgery chain backed by CMHJ Partners, IDG Capital and TDR Capital, has filed for a Hong Kong IPO.
Kumho Asiana to buy back Korea bus unit from IBK, Kstone
IBK Capital and Kstone Partners are set to exit South Korea-based Kumho Buslines after domestic conglomerate Kumho Asiana Group said it would buy back its former subsidiary.
CVC-backed HKBN IPO prices at top of range, raises $750m
Hong Kong Broadband Network (HKBN), an internet service provider controlled by CVC Capital Partners, has raised HK$5.8 billion ($750 million) in its Hong Kong IPO.
Japan's Recruit buys VC-backed restaurant booking site
Japanese employment and internet services company Recruit Holdings has acquired German VC-backed restaurant booking site Quandoo for EUR198.6 million (about $219 million).
Exit timing, operations key to high-value Australia deals - AVCJ Forum
Acquiring a company at a high valuation means a PE firm has to draw more deeply on its operational expertise to turn a profit, but it is equally important to maximize returns by getting the exit timing right.
JD-backed China Well Lead raises $61m in Shanghai IPO
Well Lead Medical, a Chinese medical devices manufacturer backed by JD Capital, has raised RMB385 million ($61 million) through an IPO in Shanghai.
Leadyond in partial exit from China’s NSFocus Information
Leadyond Capital has partially exited its stake in NSFocus Information Technology, a Chinese network security services specialist, via a public market trade for RMB140.5 million ($22 million).
PEP exits the last of its stake in Australia's Veda
Pacific Equity Partners (PEP) has sold all of its remaining 20% stake in Australian Securities Exchange (ASX)-listed credit-checking firm Veda Group for A$382 million ($301 million).
CVC, others to raise up to $750m in HKBN IPO
CVC Capital Partners-controlled Hong Kong Broadband Network (HKBN) - the special administrative region's second largest internet service provider (ISP) - has launched its initial public offering this week with a view to raising as much as HK$5.8 billion...
TPG, Northstar make another part exit from Indonesia's BTPN
TPG Capital and Northstar Pacific Partners have made another partial exit from Indonesian lender Bank Tabungan Pensiunan Nasional (BTPN), selling a 17.5% stake to Japan's Sumitomo Corp. for IDR5.93 trillion ($461.8 million)
Malaysia’s CMS Opus PE exits TriSystems Engineering
Malaysia’s CMS Opus Private Equity has completed a full exit from TriSystems Engineering, a domestic engineering firm which focuses on the oil and gas sector,for MYR22 million ($6 million).
Australia buyouts: Downsizing
Bain Capital has completed two buyouts in Australia in the last five years. The first was a classic large-scale affair as accounting software firm MYOB was acquired from Archer Capital and HarbourVest Partners for around $1 billion in 2011. Three years...
Q&A: Pacific Equity Partners' Simon Pillar
Simon Pillar, managing director at Pacific Equity Partners (PEP), on the prospects for buyouts in Australia, selling assets to strategic buyers in Asia, and evolving LP attitudes towards co-investment.