Exits
Ant Capital exits Maruboshi
Japanese private equity firm Ant Capital Partners has exited its 100% stake in Maruboshi Co., a private document production and translation service company to CMC CO., a listed manual-service provider, for JPY1.68 billion ($20.3 million).
Temasek continues exit streak with Fortescue divestment
Singaporean sovereign wealth fund Temasek Holdings raised $877 million through the sale of its entire 4.1% stake in Australia’s third-largest iron ore miner Fortescue Metals Group to a group of overseas institutions.
Japan's Risa Partners to sell its real estate assets
Distressed investors Fortress Investment Group, Lone Star and Cerberus have emerged as potential bidders to acquire the real estate assets of private equity firm Risa Partners.
Temasek sells out of Thai hospital; on the sly?
This week, a letter to the Stock Exchange of Thailand revealed that a 12.6% stake in Bumrungrad Hospital had been sold mid-January by several investors, one of which included Singaporean sovereign wealth fund, Temasek Holdings. Interestingly, the letter...
Valiant exits Japanese drug dispensary group
Valiant Partners Co., a SME-focused private equity firm, has exited its stake in portfolio company Hanshin Dispensing Pharmacy Co., a Kobe-based pharmacy chain operator. The fund sold its entire stake to a holding company owned by the Iwasaki family,...
Temasek divests Thai hospital stake
In a letter to The Stock Exchange of Thailand, the Director of Bumrungrad Hospital said that the group has been notified by Temasek – Singapore’s sovereign wealth fund – that it has sold nearly 42.7 million shares of the group for THB29.25 ($0.95)...
Valiant Partners exits Hanshin Dispensing Pharmacy
Valiant Partners Co., an SME-focused private equity firm, has exited portfolio company Hanshin Dispensing Pharmacy Co., a Kobe-based pharmacy chain operator.
Walden International launches Fujian Haiyuan Automatic Equipments on the Shenzhen Stock Exchange
Walden International investee Fujian Haiyuan Automatic Equipments has launched on the Shenzhen Stock Exchange at a 30% premium to its initial offer price, at RMB18 ($2.70) a share to raise a total RMB3,742M ($561 million) on its first day of trading on...
CVC's Nine Entertainment nears IPO
CVC has named Goldman Sachs, Credit Suisse and UBS as its advisers for the intended public debut of Australian TV network Nine Entertainment, according to Australian reports, in a process that could come by the spring.
Citi VC exits Camelot
Citigroup Venture Capital International Growth Partnership and Citigroup Venture Capital International Co-Investment have officially exited their stakes in Camelot Information Systems, a provider of business solutions and IT services in China, as part...
Korean Development Bank to exit Korea Express
The Korea Development Bank (KDB) is reportedly set to fully sell Korean logistics major Korea Express by the middle of the year.
Carlyle divests China Pacific Insurance
Days after The Carlyle Group announced that it would sell $860 million worth of shares in China Pacific Insurance, the third-largest insurer in the PRC, the US buyout giant declared that it will offload an additional 415 million shares in the company,...
Goldman Sachs to exit Japanese golf operator
Goldman Sachs is set to sell its remaining 44.7% stake in Japan’s largest golf course operator Accordia Golf, coming nearly five years after the American investment bank offloaded 55.3% of the company at the time of Accordia’s IPO.
Carlyle sees 6x return on China Pacific Insurer stake sale
US buyout giant The Carlyle Group has sold $860 million worth of shares, equal to a 2.5% stake, in China Pacific Insurance, the third-largest insurer in China.
KKR and Morgan Stanley sell stakes in Orient Corp. to Mizuho
US buyout firm Kohlberg Kravis Roberts & Co. (KKR) and US investment bank Morgan Stanley have sold JPY 30 billion ($369 million) worth shares in Japanese consumer lender Orient Corporation to Mizuho Financial Group.
Carlyle-backed China Fishery looks at Hong Kong listing opportunity
China Fishery Group Ltd, a Singapore-listed company backed by the Carlyle Group, and one of the world's leading fishing companies specialising in a variety of ocean-caught fish, has plans to launch an initial public offering in Hong Kong by issuing 175...
Australia’s Future Fund invests in Gatwick Airport
The Future Fund, Australia’s Sovereign Wealth Fund, has reached an agreement to buy a 17.2 % stake London’s Gatwick Airport from the Global Infrastructure Partners (GIP) for approximately $200 million.
MBK offers Hana $1.7b helping hand
Seoul-based buyout firm MBK Partners has proposed to finance up to two trillion won ($1.7 billion) of Hana Financial Group's takeover of Korea Exchange Bank. Hana Finance have earlier approved a plan to sell up to 1.5 trillion won in local currency bonds.
Actis, GIC in Indian power deal
Emerging markets private equity specialists Actis and the Government of Singapore Investment Corporation will each invest $77 million into Indian power developer GVK Energy, a subsidiary of Hyderabad-based GVK Power and Infrastructure.
Clearwater Capital sells Oz's Griffin Coal to Lanco
Clearwater Capital Partners has sold Griffin Coal Mining Company and Carpenter Mine Management to Lanco Resources Australia, a division of Indian energy firm Lanco Infratech, for an estimated A$750 million ($743 million), according to local reports.
Unitas picks up 3i portfolio company, Hyva
Hong-Kong headquartered Unitas Capital has led a consortium in the purchase of leading Netherlands-based hydraulic solutions provider to the commercial vehicle sector, Hyva Investments BV (Hyva), for EUR 525 million ($696 million). 3i purchased the group...
Greater China IPOs triple numbers in the US
Exchanges on the mainland and Hong Kong have together raised nearly $120 billion to date in 2010, while the US has raised just $42 billion, a disparity that showcases the shift from slower-growth, developed economies to high-growth, emerging markets.
Phoenix Capital sells Japan's juice maker to iSigma via TOB
Private equity shareholders of Gold-Pak. a Nagano-based beverage manufacturer, have approved a takeover bid by iSigma, a midsize-focused buyout firm wholly owned by Marubeni Corp.
Dragon Capital raises $60 million in exits in 2010
Vietnam-focused investment firm Dragon Capital (DC) has exited $60 million worth of PE holdings in 2010, with two of its three exits occurring last month, in the Hanoi-based Landmark Apartment Building and domestic dairy major Vinamilk.