Exits
MSPEA makes another partial exit from Sihuan Pharma
Morgan Stanley Private Equity Asia (MSPEA) has made another partial exit from Hong Kong-listed Sihuan Pharmaceuticals, generating up to HK$1.12 billion ($145 million) through a block trade.
KKR, Affinity complete Oriental Brewery exit
KKR and Affinity Equity Partners have completed their exit of Korea's Oriental Brewery (OB) to previous owner Anheuser-Busch InBev (AB InBev) for $5.8 billion.
A tale of two markets
“The IPO market around the world is inherently a cyclical entity and it is unwise and unrealistic to expect it to always be open,” H. Chin Chou, CEO of Morgan Stanley PE Asia, told an AVCJ webinar last year. “At some point the market will come back and...
Wolfensohn part exits India's Repco
Wolfensohn Capital has made a partial exit from India Repco Home Finance, a little over a year after it first invested in the company.
IFC part exits Indian NBFC to WestBridge
International Finance Corporation (IFC) has made a partial exit from Cholamandalam Investment & Finance (CIF), an Indian non-banking finance company (NBFC), selling shares to WestBridge Capital.
PEP, Unitas file counter claim over Independent Liquor sale
Pacific Equity Partners (PEP) and Unitas Capital have filed a cross claim against two senior Asahi executives in Australasia regarding their involvement in the Japanese company’s purchase of Independent Liquor from the private equity firms in 2011.
NewQuest, GIC set for partial exits from China's iKang
NewQuest Capital Partners and GIC Private will each make partial exits from iKang Healthcare Group as the Chinese healthcare services provider looks to raise up to $175 million through a NASDAQ IPO.
Sequoia-backed Baioo Family launches HK IPO
Baioo Family Interactive, a children's online game developer backed by Sequoia, has launched its Hong Kong IPO, seeking to raise between $200 million and $250 million.
Baring Asia-backed Nord Anglia raises $304m, jumps on debut
Nord Anglia Education, a school operator controlled by Baring Private Equity Asia, saw its shares close up 12.5% on the first day of trading on the New York Stock Exchange. This followed an IPO that raised $304 million.
Shares in INCJ's Japan Display fall two days straight
Japan Display - the world's biggest maker of screens for tablets and smart phones and a portfolio company of Innovation Network Corporation of Japan (INCJ) - saw its stocks fall for two days in a row this week after following its JPY318.5 billion ($3.1...
Cerberus-backed Seibu eyes April Tokyo listing
Japanese railway and hotel operator Seibu Holdings is targeting a JPY186 billion ($1.8 billion) IPO in Tokyo next month, potentially ending a three-year battle between the management and shareholder Cerberus Capital Management.
PE-backed Alibaba confirms US listing
Private equity-backed Chinese e-commerce giant Alibaba Group has decided to go public in the US, ending months of speculation.
Hao completes Pax Technology exit for 4.7x return
Hao Capital has fully exited Chinese electronic payment systems provider Pax Technology, selling its remaining 7.6% stake in the Hong Kong-listed company for $44 million through a block trade. The investment has generated a gross multiple of 4.7x.
Jafco-backed EnBio raises $7.2m in Toyko IPO
EnBio, a Japanese soil decontamination business backed by Jafco, saw its stock open at JPY1311 - a 126% premium on the offering price - on its first day of trading. The company, which listed the Mothers (market of the high-growth and emerging stocks)...
INCJ-backed Japan Display IPO prices at bottom of range
Japan Display, the world's biggest maker of screens for tablets and smart phones, has priced its IPO at the bottom of indicative range following a lukewarm response from overseas investors.
TPG eyes quick return from Inghams property sale
TPG Capital is planning to sell a portfolio of real estate assets held by Inghams Enterprises that could more than cover the equity commitment it made when buying the Australian poultry producer last year.
Australia's CHAMP PE seeks London listing for Shelf Drilling
Shelf Drilling, a shallow water drilling services company set up by Australia’s CHAMP Private Equity in conjunction with its US affiliate Castle Harlan and Lime Rock Partners, plans to list on the London Stock Exchange in May.
Warburg Pincus-backed Sunshine 100 raises $259m via HK IPO
Sunshine 100 China Holdings - a commercial and residential real estate developer backed by Warburg Pincus - has raised about HK$2 billion ($259 million) after pricing its Hong Kong IPO at the bottom of the indicative price range.
PE-backed China iKang Healthcare files for $150m US IPO
IKang Healthcare Group - the Chinese healthcare services provider whose backers include Singapore sovereign wealth fund GIC Private, Goldman Sachs and NewQuest Asia - is planning to raise up to $150 million in an initial public offering on NASDAQ.
China tech M&A: Money to burn
Chinese technology firms are becoming increasingly acquisitive, with certain players snapping up assets within months of going public. What is driving this change?
CVC completes $215m sell down of Indonesia's Matahari
CVC Capital Partners has raised IDR2.49 trillion ($215 million) by trimming its stake in Indonesian retailer Matahari Department Store. This follows a $1.3 billion share sale last year by the PE firm and its local partner, the Riady family’s Lippo Group....
PE-backed Chinese education provider aims for $100m US IPO
Tarena International, a Chinese IT training services provider that counts Goldman Sachs, IDG Capital Partners and Jafco among its investors, is seeking to raise up to $100 million through a NASDAQ IPO.
Warburg Pincus-backed Sunshine 100 eyes $310m HK IPO
Sunshine 100 China Holding, a Chinese property developer backed by Warburg Pincus, has launched its Hong Kong IPO, seeking up to HK$2.4 million ($310 million).
SCPE-backed Sunfonda Group launches Hong Kong public offering
Sunfonda Group Holdings, the second largest luxury auto dealer in China - and a Standard Chartered Private Equity (SCPE) portfolio company - plans to raise up to HK$683 million ($88 million) through a Hong Kong IPO.