Exits
Archer, CHAMP among bidders for CVC’s Mantra - report
Archer Capital and CHAMP Private Equity are reportedly among the PE firms bidding for Australia’s Mantra Group, which CVC Asia Pacific put up for auction in March.
Navis exits label manufacturer Trimco to Partners Group
Navis Capital Partners has sold its majority stake in Trimco International Holdings to Partners Group. The size of the deal was not disclosed but the combination of exit proceeds and dividends received over a seven-year holding period will leave Navis...
CDIB sees 3x return on game developer deal
Online gaming is one of the fastest-growing segments in the tech sector. Global revenues reached $15.7 billion in 2010 and are expected to top $29 billion within four years. CDIB Capital is one of many private equity players to profit from this growth.
China’s Bright Food denies Weetabix acquisition talks
China’s Bright Food Group has denied reports that it is in talks to buy Weetabix from private equity firm Lion Capital. Several media outlets have claimed that negotiations began several weeks ago over a deal that would value the UK-based cereal company...
European GPs seek exits to Asian corporates
The trend for European GPs to set up portfolio teams in Asia helps expand their companies into new geographies. But forming local joint ventures offers significant exit prospects as well
CapVest exits United Coffee to Japan’s UCC
CapVest has sold United Coffee, one of Europe’s largest coffee companies, to Japanese trade buyer UCC Holdings for EUR500 million ($617 million).
Edelweiss-backed CSB to float
Catholic Syrian Bank (CSB), the Indian institution backed by Edelweiss Capital, AIF Capital, Gartmore Private Equity and Siguler Guff, plans to launch an IPO by September.
Bright Food, Lion Capital in talks over Weetabix sale – report
China’s Bright Food Group is being lined up as a potential buyer for Weetabix, the UK-based cereal company currently owned by Lion Capital. The private equity firm has reportedly been in talks with Bright Food for several weeks over a deal that would...
CDIB secures over 3x through WeMade exit
CDIB Capital, the overseas investment arm of China Development Financial Holding Corporation, has exited 80% of its investment in Korean online game developer WeMade Entertainment, realizing a money multiple in excess of 3x.
Bain, TPG ask for Lilliput audit report to be made public
Bain Capital and TPG Capital filed an application with Delhi High Court Thursday, requesting that an interim report by a court-appointed independent auditor on portfolio company Lilliput Kidswear be made public. The private equity firms have been in conflict...
Carlyle-backed AvanStrate nixes IPO again - report
AvanStrate, the Japanese LCD glass manufacturer owned by The Carlyle Group, appears to have called off its plans for a $266 million initial public offering for the second time in a year.
General Atlantic raises $129m through Zhongsheng sale
General Atlantic completed its third partial exit from Zhongsheng Group, a Chinese luxury car dealer, raising $129 million. The private equity firm sold 65 million shares at HK$15.33-15.54 apiece, representing a discount of up to 4.3% on the previous...
First quarter analysis: Asia struggles to locate its exits groove
Little to cheer in the exit landscape; China growth deal pipeline continues to weaken; India telecom tower buyout not a sign of things to come
India’s NSE considers stock exchange listing
General Atlantic-backed National Stock Exchange of India (NSE) is considering a listing on the public markets, but first need to consider the impact of upcoming rules.
KKR in new push for MMI IPO – report
KKR has reportedly revived plans to exit MMI International, the precision-engineering company it took private in 2007, through a Singapore IPO. The offering could generate $400-500 million, but it is unclear how much of its holding the private equity...
Goldman completes third partial exit from ICBC
Goldman Sachs has completed another partial exit from its holding in Industrial and Commercial Bank of China (ICBC), selling $2.5 billion worth of H-shares. Temasek Holdings said it picked up $2.3 billion of the block sale, which amounts to a 1.3% stake...
India's IHG buys UK food producer from Duke Street
India Hospitality Group (IHC) has acquired UK-based ready-made food producer Adelie Food Holding from Duke Street Capital for $350 million. The deal – the largest overseas acquisition by an India-focused food and beverage company in six years – is...
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
CVC, RBS raise $216m through Samsonite sale
CVC Capital Partners and Royal Bank of Scotland (RBS) have exited close to 8% of their combined holding in Hong Kong-listed luggage maker Samsonite International for HK$1.68 billion ($216.3 million). The sale comes after the firms’ IPO lock-up expired...
CHAMP Private Equity exits IES to McAleese Group
CHAMP Private Equity has sold International Energy Services (IES), a logistics firm that specializes in the transportation of fuel products and hazardous chemicals, to McAleese Group. It is further confirmation of trade sales as the preferred exit channel...
Second-largest India exit for Warburg Pincus
"When Warburg Pincus first invested in Kotak Mahindra Bank in 2004, what was being created was a banking institution from scratch,” says Vishal Mahadevia, managing director of Warburg Pincus India.
Sequoia part-exits Bona Film stake to company founder
Sequoia Capital has exited part of its stake in Bona Film Group to the company founder for approximately $16.5 million. The private equity firm agreed to sell 1.5 million ordinary shares to Dong Yu at $11 apiece, a premium of 5.6% over Bona’s closing...
ISigma buys Shinsouki from Riverside
ISigma, a mid-size buyout firm wholly owned by Marubeni Corp, has acquired a minority stake in Japan’s Shinsouki in a deal that represents an exit for The Riverside Company.
Oaktree files for $595m IPO
Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.