Exits
Carlyle sells OIL to European PE firm
The Carlyle Group has sold its portfolio asset Offshore Incorporations Group (OIL), a holding group specializing on the set up of offshore corporations, to European PE firm IK Investment Partners for an undisclosed price.
JAIC ceases to be the majority holder in Japanese auto parts maker
Japan Asia Investment Co. (JAIC)., a Tokyo-based venture capital firm, has sold a 25.54% stake in listed Japanese auto part manufacturer Ikuyo Co. to Nittoh Co., a Tokyo-based plate and molding company, for undisclosed sum.
KKR-backed Far Eastern Horizon nears IPO
Private equity-backed Far East Horizon Ltd., a division of government-owned Chinese trading conglomerate Sinochem Group, has reportedly targeted $600 million ahead of its official IPO process in Hong Kong next week, according to Bloomberg.
Pipavav Shipyard sees another PE exit
Three IL&FS divisions have exited a 7.68% stake in Pipavav Shipyard to Ovira Logistics through open market deals, marking the latest private equity exits in the Indian shipbuilder.
An industry still standing
Just one month before the annual event of the cherry blossoms would make Japan one of the most beautiful countries in the world, a 9.0 earthquake hit east of Honshu on March 11, giving rise to a tsunami estimated about 14 meters height and further leading...
Khazanah may sell Pos stake
Malaysian sovereign wealth fund Khazanah Nasional Bhd. is reportedly looking to offload its 32.2% stake in Pos Malaysia Bhd., a Malay postal services company, by April 12.
RaQualia Pharma postpones Japan IPO
Private equity-backed RaQualia Pharma Inc., an Aichi-based specialized marketing and intellectual property firm servicing the pharmaceutical industry, has announced the postponement of its IPO onto the Osaka Stock Exchange JASDAQ Growth Market due to...
Carlyle gets okay on unfortunately timed Nikkei listing
AvanSrate Inc., an LCD glass manufacturer controlled by US private equity giant The Carlyle Group, has just been approved to list on The Tokyo Stock Exchange as of the 12th of April.
Unitas, CCMP to list UK vacuum firm
Asian-based Unitas Capital, with co-investor CCMP Capital, has submitted listing filings for British vacuum brand Edwards Group, coming 43 years after the company was first taken private.
KKR puts MMI listing on hold – reports
Less than one month after news surfaced of KKR’s ambition to offload Singaporean engineering firm MMI Holdings via an IPO onto the Singapore Exchange, the PE major has reportedly cancelled its plans for a listing.
Ant sells Vario Secure to trade buyer
Ant Capital Partners will sell its fully owned portfolio company, Vario Secure Networks Inc., providers of network security services. The sale is valued at JPY 6.7 billion($81 million), and the asset will be bought by 1st Holdings, the Japanese software...
Bain could buy Skylark in Japan
US-private equity firm Bain Capital has emerged as a potential buyer of Skylark Co, a restaurant chain operator in Japan, from Nomura Principal Finance, the investment arm of Japanese securities group Nomura Holdings, which currently owns 78.6 % of the...
TPG looking at 8x return on Shriram Transport
TPG is reportedly looking to exit its stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, for as much as $1 billion, 8x its initial investment.
Standard Chartered PE makes another Indian exit - reports
Standard Chartered Private Equity-backed energy generator producer Powerica Ltd. has reportedly targeted $200 million for its upcoming June IPO, coming as the latest of Standard Chartered’s exits in the Indian market
EQT exits blood transfusion company
European private equity firm EQT Partners has exited the blood transfusion unit of Swedish medical technology company Gambro to leading Japanese medical group Terumo Co., for $2.6 billion.
Sequoia exits Chinese retailers to SINA
A statement by SINA, one of China’s largest online media and mobile companies, has confirmed that the group and its parent company, DongXiang, are purchasing approximately 19% of the share capital of Nasdaq-listed Mecox Lane, an online retailer of clothing...
CVC-backed Nine Entertainment sells CarSales.com stake
CVC Capital Partners Asia Pacific-owned Australian TV network Nine Entertainment has sold its 49% stake in CarSales.com for a reported A$565.5 million ($569 million) to institutional investors - a move that has spurred questions about Nine’s planned...
Mizuho Capital to exit Vantec in $655m deal
Hitachi Transport System Co., Ltd., a listed logistics unit of Japanese electronics maker Hitachi Group, will launch a TOB to acquire a 100% stake in Vantec Group Holding co., Ltd.
CHAMP Ventures exits TSmarine
CHAMP Ventures last week completed its first foray into the gas and oil sector, finalizing the sale of TSM Group Holdings Pty Ltd. and its subsidiaries (collectively TSmarine) to Fugro Holdings Australia Pty Ltd.
Hoyts’ IPO delay highlights industry anxiety
Australia experienced an especially difficult year for IPOs in 2010. News throughout the year of delays and abandoned listing plans were consistently attributed to inclement market conditions, while trade sales seemed the only exit option. Yet, despite...
CHAMP Ventures exits TSmarine
CHAMP Ventures, the mid-market PE specialist that is part of Castle Harlan Australian Mezzanine Partners (CHAMP) Group, successfully completed its first foray into the gas and oil sector official on March 3, finalizing the sale of TSM Group Holdings Pty...
SAIF earns up to 5x return on China UMS exit
VC firm SAIF Investment has reportedly sold a 7.07% stake Unionpay Merchant Services Co. (China UMS), the Shenzhen Stock Exchange-listed payment provider that exclusively serves PRC-based outfit Youngor Group and the Shanghai Changjiang Guohong Equity...
Affinity and Unitas to exit Chinese cleantech firm
Affinity Equity Partners and Unitas Capital are reportedly planning to sell Beijing Leader & Harvest Technologies Co., an energy-saving company based in China, according to a Reuters report, noting that the deal may be worth up to $500 million.
French PAI Partners sells portfolio group to ITOCHU
Japanese trading conglomerate ITOCHU Co. has acquired 100% of the shares in leading UK fast-fit and automotive parts replacement specialist Kwik-Fit Group from PAI Partners, a European private equity firm, for £637 million($889 million).