Exits
PAI sells UK auto company to Japan’s Itochu
French private equity fund PAI Partners will sell its UK auto parts portfolio company Kwik Fit to Japanese trading conglomerate Itochu after reportedly receiving EU regulators’ blessing to complete the acquisition.
ICICI Venture takes 10% stake in Indian restaurant chain operator
ICICI Venture, a private equity firm and a subsidiary of ICICI Bank, has acquired a 10% stake in Indian food and beverage chain operator Devyani International Limited for approximately $55.6 million.
Japan’s Takeda provides exit for European PE firm
Takeda Pharmaceutical Co, one of the largest pharmaceutical companies in Japan has reportedly planned to take over Zurich-headquartered pharmaceutical maker Nycomed, which is owned by European private equity firm Nordic Capital and Credit Suisse’s private-equity...
Blackstone considers Intelenet divestment - report
Blackstone is said to be considering selling its 66% stake in Indian BPO firm Intelenet Global Services to British services network Serco.
Mizuho sells its 53.3% stake in SDS Bitotech to Idemitsu
Mizuho Capital Partners is to sell its remaining holdings in Tokyo-based biotech company SDS Biotech K.K., to oil distributor Idemistu Kosan Co. through a tender offer.
VIDEO: ChrysCapital's Gulpreet Kohli
Despite India’s investment landscape has become expensive in recent years, ChrysCapital’s MD Gulpreet Kohli identifies some pockets of opportunity that make the market compelling
China’s Phoenix New Media aims to raise $179m in the US
China media group Phoenix New Media has targeted a $178.7 million raise on its impending public listing on a US bourse, and is specifically looking to sell 12.8 million American depositary shares between $12 to $14 each, according to a filing with the...
J-Will Partner to sell Japanese yogurt company to Ito En
Japanese private equity firm J-Will Partners is reportedly set to offload its dairy product manufacturing asset, Chichiyasu Co., to one of the Japan’s largest beverage makers, Ito En Ltd., by the end of next month.
Reliance exits Pelago via Groupon acquisition
Reliance Ventures Asset Management has exited its stake in US-based group-buying website Pelago.com to Groupon, which has fully acquired the asset.
SciClone buys VC-backed NovaMed
California-based SciClone Pharmaceuticals Inc. has acquired Fidelity Asia Ventures- and Atlas Venture-backed NovaMed Pharmaceuticals Inc., a Chinese specialty pharmaceutical firm, for approximately $62 million in the form of cash and shares.
CVC partially exits Hung Hing
CVC via investment holding company Asia Packaging Company, has reportedly sold a 29.9% stake in Hong Kong-listed Hung Hing Printing Group to Rengo Co., Ltd, a paper and packaging materials manufacturer listed on the Tokyo Stock Exchange, for HK$1.43 billion....
IL&FS fully exits warehouse operator to Warburg Pincus
The Leverage India Fund (LIF), a private equity fund managed by IL&FS Investment Managers Limited with $153.5 million under management, has exited its five-year asset Continental Warehousing Corporation (Nhava Seva) Limited via a trade sale to Warburg...
Korean PE goes full circle
While fundraising efforts and investment and private equity activity have been subdued for some time, exit-focused activity is very much on the boil
Arcapita exceeds expectations with MedPlus exit
Islamic investment bank Arcapita has reportedly exited its stake in India’s MedPlus Health Services to an unidentified private equity consortium, seeing 6x returns and exceeding its own expectations, according to Reuters.
Unitas, CCMP hold Edwards listing
One month after Unitas Capital and CCMP Capital announced that their British vacuum-parts brand Edwards Group would list in the UK, the private equity owners have reportedly called the process off to await more stable market conditions.
ChrysCapital partially exits Intas Pharmaceutical
Indian private equity firm ChrysCapital is reportedly planning to sell a portion of its shares in Intas Pharmaceuticals via an upcoming IPO, in which Intas aims to raise INR425 ($96.3 million).
MSPE Asia sees returns with China Shanshui
In a further testament to the opportunities surrounding China’s booming infrastructure sector, Morgan Stanley Private Equity Asia has fully exited its investment in Hong Kong-listed China Shanshui Cement, selling its final block of shares for $222 million....
Ant Capital sees 60% IRR on VarioSecure exit
Japanese private equity firm Ant Capital Partners has completed the JPY6.7 billion ($79.7 million) sale of its fully owned portfolio company VarioSecure Networks Inc., a provider of network security services. The sale to PE-backed 1st Holdings Inc., translates...
Temasek eyes TPG's stake in Shriram Transport - reports
Singaporean sovereign wealth fund Temasek Holdings is reportedly in negotiations with US buyout firm TPG Capital to purchase a stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender. According to India’s...
Morgan Stanley PE Asia exits China Shanshui
Morgan Stanley Private Equity Asia has fully exited its investment in Hong Kong-listed China Shanshui Cement with the sale of block priced at $222 million. Morgan Stanley was the sole book runner.
A view from the top
The upcoming 2011 AVCJ Private Equity and Venture Capital Review highlights the growing importance of Asia-Pacific to the global PE community. It also raises the question: Just where is all this money going?
AVCJ India report shows PE making strides
The themes common to any discussion on Indian private equity are still there today, but instead of debate, the 2011 AVCJ India Private Equity and Venture Capital report showed steady progress and lessons learned. PIPEs are down by nearly two-thirds –...
Lombard exits Thai paper group
The private equity firm Lombard Investments, Inc. has announced that it has sold its 23% holding in S.Pack & Print Public Company Limited, a Thai paper packaging manufacturer, to Oji Paper Company Limited, one of the largest paper production and packaging...
VIDEO: PE experts discuss challenges in Oz
While Australia’s economic landscape has increasingly improved as the affects of the global financial crisis fade, some of the private equity and venture capital industry’s experts discuss the ongoing challenges they still face in Oz.