Exits
VC-backed RareJob goes public in Japan
RareJob, a Japanese English-language learning website that has received capital from a string of VC investors, ended the morning session of its trading debut at a more than 110% premium to its IPO price.
Alibaba picks New York Stock Exchange for IPO
Chinese e-commerce giant Alibaba Group announced it will apply to be listed on the New York Stock Exchange (NYSE).
Mandarin Capital exits Italian chemical maker to Ardian
Mandarin Capital Partners has fully exited its stake in Italmatch Chemicals, an Italian chemical maker, to European private equity firm Ardian.
PE-backed Monash IVF loses momentum after $298m IPO
Shares in Australian in vitro fertilization company Monash IVF Group slipped below the offering price on the second day of trading, following a A$315.9 million ($298 million) IPO that saw Ironbridge Capital exit the majority of its holding.
China sees first PE-backed IPOs in four months
The first two PE-backed Chinese companies to go public on domestic bourses in fourth months saw their shares jump more than 40% on the Shenzhen Stock Exchange.
Australia's PEP set for exit as Asaleo Care raises $616m
Pacific Equity Partners (PEP) will make a full exit from Asaleo Care as the hygiene and paper products manufacturer raises A$655.7 million ($616.6 million) through an IPO.
CDH-backed Beijing Digital Telecom eyes $152m HK IPO
Beijing Digital Telecom (BDT), China’s largest mobile telecom retail chain, which is backed by 3i Group and CDH Investments, plans to raise up to HK$1.18 billion ($152 million) through an IPO in Hong Kong.
IDG-backed Tian Ge targets $208m HK IPO
Tian Ge Interactive Holdings, a Chinese social video-sharing platform that has received funding from IDG Capital Partners and internet company Sina, is seeking to raise up to HK$1.61 billion ($208 million) through a Hong Kong IPO.
Next-owned Hirepool abandons New Zealand offering
Hirepool Group – a New-Zealand equipment rental firm owned by Next Capital – has abandoned plans to raise up to NZ$262 million ($227 million) through an IPO.
VC-backed Xunlei jumps 24% on debut after $88m IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, saw its stock gain 24% on its first day of trading on NASDAQ following a $88 million IPO.
Quick exit for Quadrant in pet services
Nine months ago, the bidding process ended for City Farmers, Australia’s third-largest pet services business. Number two player Petbarn lost out to Quadrant Private Equity. A couple of months after that Petbarn joined forces with Greencross, the country’s...
PE-owned Luye Pharma seeks up to $764m in HK IPO
Luye Pharma Group - a Chinese drugmaker backed by GIC Private, CDH Investments, CITIC Private Equity and New Horizon Capital - is seeking to raise up to 764 million from a Hong Kong IPO.
China's Innovation Works exits Elex Technology via trade sale
Beijing-based incubator Innovation Works has sold its entire 3.49% stake in mobile games platform Elex Technology to Chinese Universe Publishing and Media for RMB70 million ($11 million).
TPG, Carlyle favor IPO exit for Australia's Healthscope – report
TPG Capital and The Carlyle Group are reportedly looking to take Healthscope public rather than seek to exit Australia’s second-largest private hospital operator via a trade sale.
PE-backed Tianhe sees marginal gain after $658m HK IPO
Tianhe Chemicals Group saw its stock gain up to 5% during the first morning of trading in Hong Kong. The company, which is backed by Morgan Stanley Private Equity Asia (MSPEA) and PAG, raised HK$5.1 billion ($658 million).
Permira targets IPO for Japan's Arysta LifeScience – report
Permira is planning to raise $500 million via the US IPO of Japanese agricultural chemical maker Arysta LifeScience.
VC-backed Xunlei sets terms for $92.5m US IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, is seeking to raise up to $92.5 million through its US IPO.
Quadrant sells Australia pet care business for $192m
Quadrant Private Equity will exit Australian pet supplies business City Farmers after veterinary services provider Greencross agreed to buy the company for A$205 million ($192 million).
Next-owned Hirepool seeks up to $227m in NZ IPO
Hirepool Group - a New-Zealand equipment rental firm owned by Next Capital - is to raise up to NZ$262 million ($227 million) in what is likely to be one of New Zealand's largest listings this year.
China job site Zhaopin trading strongly after $75.7m US IPO
Chinese recruitment website Zhaopin is trading at around a 17% premium to its IPO price after raising $75.7 million through a US offering and receiving a parallel investment from Apax Partners.
Bain makes partial exit from India's Hero MotoCorp
Bain Capital has made a partial exit of roughly one third of its holding in MotoCorp, India’s largest motorcycle and scooter manufacturer, selling the stake for approximately INR14.8 billion ($248 million).
Alibaba acquires remaining shares of VC-backed UCWeb
Chinese e-commerce giant Alibaba Group has bought all the remaining shares of VC-backed mobile-browser firm UCWeb.
Japan's Meiji acquires India drug maker, Temasek exits
Japanese conglomerate Meiji Holdings has acquired Medreich, an Indian pharmaceutical company backed by Singapore sovereign wealth fund Temasek Holdings, for $290 million via its subsidiary Meiji Seika Pharma.
Bain-backed Emcure Pharma withdraws IPO
Emcure Pharmaceuticals, the Indian drugs developer backed by Bain Capital, has withdrawn its plans to go public. The listing - which was to raise INR5 billion ($84 million) - is the fourth PE-backed IPO to be pulled in India this year.