Exits
Carlyle-backed Repco Home Finance launches IPO
Repco Home Finance (RHF), which is backed by The Carlyle Group, Wolfensohn Capital Partners and Creador, launched its IPO on Wednesday, seeking to raise INR2.7 billion ($49 million).
Unitas to complete $800m Exego exit to Genuine Parts
Unitas Capital will complete its exit from Australian car parts supplier Exego in April through an $800 million sale, including debt, to Genuine Parts.
Capital International primed for exit from India's MSM
Capital International is expected to exit its minority stake in India's Multi Screen Media (MSM) to Sony as the Japanese conglomerate's TV production subsidiary assumes full ownership of the business.
DCM, Sequoia to reduce holdings in China's Vipshop
DCM and Sequoia Capital will trim their holdings in Vipshop as the US-listed Chinese e-commerce site raises around $181 million through a share issue.
Temasek commits $24m to Indian oncology chain
Temasek Holdings has invested INR1.3 billion ($24 million) in Indian cancer care hospital chain Healthcare Global Enterprises (HCG). The deal facilitates the exit of Evolvence India Life Sciences Fund, a vehicle managed by Invascent Capital.
KKR closes in on Alliance Tire buyout - report
KKR is said to be in the final stages of acquiring an 80% stake in Indian tire maker Alliance Tire Group. The deal values the company at $600 million and it will see KKR buy Warburg Pincus' entire interest in the company as well as shares from other minority...
Eredene to exit India's Ocean Sparkle
Indian infrastructure investor Eredene Capital will exit its stake in Ocean Sparkle (OSL), a Hyderabad-based port operations company, and has appointed local investment bank MAPE to handle the sale.
Cerberus to boost stake in Japan's Seibu
Cerberus Capital Management wants to raise its stake in Japanese railways and property group Seibu Holdings by around 4% as the company plans to re-list.
CVC-backed Matahari launches $1.3b offering
CVC Capital Partners and its local partner are seeking up to $1.36 billion through a partial exit from Indonesian retailer Matahari Department Store. The deal values Matahari at $3.4 billion, which means the private equity firm stands to make a substantial...
TPG, Northstar approached for BTPN stake - report
Japanese banks Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are said to be among potential suitors approaching TPG and Northstar Pacific Partners with a view to acquiring their stake in Indonesia's Bank Tabungan Pensiunan Nasional (BTPN). The PE firms'...
Anacacia set for 5x return on Home Appliances investment
Anacacia Capital has agreed to sell its controlling stake in Australian cooking products supplier Home Appliances to McPherson’s for A$22 million. The private equity firm is expected to secure a 5x money multiple and an IRR of more than 90% once the deal...
WestBridge exits India's Interactive Avenues to IPG Mediabrands
WestBridge Capital has exited its investment in India Interactive Avenues, a digital marketing company, to New York media firm IPG Mediabrands for an undisclosed amount.
China secondaries: When push comes to shove
China GPs are under pressure to return cash to investors but IPO exits are challenging. Secondary sales are emerging as an option. Who best placed to deliver on the US dollar and renminbi sides?
Australia webinar: Consistency matters
Australia's private equity industry has seen robust deal flow in recent years and LPs remain committed to the asset class, albeit to a fewer number of GPs. Industry participants expect this to continue
Warburg Pincus-backed ACB India plans to raise $200m through IPO, OFS
ACB India, a coal preparation plant operator backed by Warburg Pincus, is planning to raise as much as INR11 billion ($200 million) through an IPO and offer for sale (OFS) later this month.
No date set for resuming China IPO approvals – CSRC
The China Securities Regulatory Commission (CSRC) has yet to set a timetable for resuming IPO approvals, scotching rumors that it would start pushing through new candidates in April, an official from the securities watchdog told Xinhua news agency.
India to tax buyback exits by foreign investors
India plans to impose a 20% withholding tax on foreign investors in private companies who exit their holdings through a buyback of shares. Investments routed through jurisdictions such as Mauritius and Singapore to take advantage of double tax treaty...
Apax Partners continues Apollo Hospitals exit
Apax Partners has continued its exit of Apollo Hospitals, selling a 3.8% stake for INR4.4 billion ($83 million).
Northstar, tycoon buy stake in Hutchison's Indonesia unit
Northstar Pacific Partners is part of an investor group that has purchased a 35% stake in Hong Kong-based Hutchison Whampoa’s Indonesian telecom business. The transaction facilitates the exit of Thai conglomerate Charoen Pokphand.
Q&A: CHAMP Private Equity's John Haddock
Australian companies are increasingly open to the prospect of working with a financial investor and seeking growth away from the public spotlight, says John Haddock, managing director at CHAMP Private Equity.
ChrysCapital buys 10% stake in NBFC Au Financiers
ChrysCapital Partners has purchased a 10% stake in Indian non-banking financial company Au Financiers for INR1.2 billion ($22.2 million). The investment facilitates another partial exit for Motilal Oswal Private Equity, which sold a portion of its holding...
TPG in $303m partial exit from Shriram Transport
TPG Capital has sold about half its stake in Indian truck financier Shriram Transport Finance (STFC) for about INR16.6 billion ($303 million).
Bain generates $69m through Greatview sell-down
Bain Capital has raised around $69 million from a sell-down in Hong Kong-listed Greatview Aseptic Packaging.
Australian GPs see strong investment climate, challenges for exits
Australia’s private equity investment environment is at its strongest in five years but this is tempered by managers facing more challenges selling portfolio companies, according to Anthony Kerwick, managing director at Pacific Equity Partners (PEP)....