Exits

Advent sees 6x returns from local exit

Advent Private Capital, a Melbourne-based mid-market private equity group, has sold investee, electric payment service provider Securepay Holdings, to the Australia Post, confirming more than 6x return on its original investment.

Warburg Pincus exits Indian jeweler at a loss

Warburg Pincus has sold its 28.12% stake in Vaibbav Gems for INR18.million ($4.1 million) through an open market transaction, the US-based private equity firm confirmed, in an exit that comes at a significant loss to Warburg Pincus’ initial investment.

Hoyts IPO postponed again

Nearly a year after Pacific Equity Partners (PEP) decided to delay the IPO of its Australian cinema investee Hoyts Group, due to inclement market conditions in 2010, the firm announced further delays, with a listing to come at an indefinite time.

VCs sell drug maker for up to $935m

Walden International and a number of other VCs will exit from their nearly decade-long investment in cancer drug maker Plexxikon after Japan’s third largest drug maker, Daiichi Sankyo, announced its acquisition of the Berkeley, California-based company.

Aetos takes remaining 50% in Simplex from Goldman Sachs

Aetos Capital, a US-based private equity and real estate investment firm, will turn its 50% owned Japanese real estate asset manager Simplex Investment Advisors into a wholly owned subsidiary by acquiring the other half owned by a Goldman Sachs. The US...

KKR eyes MMI exit to SGX - reports

Kohlberg Kravis Roberts & Co. (KKR) is reportedly looking to exit its wholly owned, Singapore-based engineering firm MMI Holdings via an IPO onto the Singapore Exchange.

ACA portfolio company in tech trade sale

Japanese private equity-backed CSK corporation, an information service solutions provider in Tokyo, is going to be taken over by Sumisho Computer System Corporation (SCSC), an IT unit of Sumitomo Corp Group, through a TOB.

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Opportunity knocks, but cautiously so

Twelve months ago, it was all sunshine and roses in Australia. The market has since rationalized and it seems GPs are still remarkably positive, while on the LP side, there are question marks around the market dynamics down under.

KKR-backed Seven Media bought for $4.2b

KKR-backed Australian media major Seven Media Group has been bought by West Australian Newspapers Holdings (WAN) for A$4.1 billion ($4.2 billion) in cash, shares and an assumption of debt. The deal sees the return of double-digit valuations, this one...

Aeon eyes stake in DBJ-backed Parco

Japan’s second-largest retailer Aeon Co. is reportedly eyeing a 12.31% stake in domestic department store operator Parco Co. in an effort to capitalize on Japan’s growing fashion space.

India's Marico acquires PE-backed ICP

Private equity partners Mekong Capital and BankInVest, with their investor backers, have exited their combined 85% stake in Vietnamese FMCG firm International Consumer Products (ICP) to Indian consumer products group Marico Ltd., for an undisclosed amount.

Carlyle sells remaining shares of Kito in Japan

US private equity giant The Carlyle Group, will exit its 19.08% stake in Kito Corp., a Yamanashi-based crane maker through a secondary public offering. The closing price on February 18 was JPY103,900 ($1,250) per share.

Actis on exit trail in India

UK government-backed Actis has begun the divestment process for several of its Indian investees as part of its efforts to close its second, $325 million market-focused fund, LiveMint reported.

Advantage exits Pokka in trade sale

In a week marked by trade sales in the food and beverage industry, Tokyo-based Advantage Partners has announced it will exit its entire 40% stake in Pokka Co., a Japanese coffee and soft drink maker to Sapporo Holdings, the local brewery major which already...

OCBC debuts Shindoo Chemical on Shenzhen Exchange

Shindoo Chemical, a Chinese manufacturer and distributer of compound fertilizer and chemical products in China which was backed by the mezzanine arm of OCBC Bank, has debuted on at Shenzhen Stock Exchange, raising RMB 1.48 billion ($224.6 million). The...

CVC enters MOU to offload Magnum

CVC Capital Partners has reportedly entered into an MOU with Malaysian Multi-Purpose Holdings Berhad (MPHB) to sell its 47% stake in gaming forecaster Magnum Corp. MPHB also looking to take the 2% stake held by Magnum’s management, giving it 100% ownership...

Unitas and OTPP wave good-bye to stake in Yellow Pages

LESS THAN FOUR YEARS AFTER UNITAS Capital and the Ontario Teachers Pension Plan (OTPP) completed New Zealand’s largest leveraged buyout – paying a whopping NZ$2.1 billion ($1.57 billion) for the country’s Yellow Pages franchise – the private equity...

Carlyle, MBK not among Hana's backers in KEB bid

The Carlyle Group, MBK Partners and Goldman Sachs have not provided financial backing to South Korean commercial lender Hana Financial in its bid to acquire Korea Exchange Bank (KEB) from US buyout group Lone Star.

VinaCapital makes 5.3x on Hanoi Liquor sale

Vietnam-based asset manager and real estate development group VinaCapital has announced the sale of its 23.6% stake in portfolio company Hanoi Liquor Joint Stock Company (Halico) to industry player Diageo. The international premium drinks company will...