Exits
Actis exits 63% stake in India's Paras for 10x return
Actis, the London-headquartered emerging markets investment firm, will sell its 63% stake in Paras Pharmaceuticals Limited to Benckiser Group, a UK-based company selling household, health and personal care products.
Ironbridges exits oil rig company
Ironbridge has sold investee company Easternwell to engineering and maintenance services provider Transfield for A$575 million ($567 million). Sydney-based Transfield will pay A$540 million ($532 million) in cash and A$35 million ($34.5 million) in shares...
Steel Partner further reduces stake in Sapporo to 7.8%
Steel Partners Japan Strategic Fund, the Japanese investment arm of New York-based Steel Partners, has decreased its stake in Tokyo-based brewer Sapporo Holdings from 13.14% to 7.88%, though it remains the largest shareholder of the company.
Morgan Stanley exits its entire stake in CICC with government approval
The China Securities Regulatory Commission (CSRC) has finally approved Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance’s purchase of Morgan Stanley’s 34.3% stake in Mainland...
Blackstone may partner with Chinese food group to bid for GNC
US private equity giant Blackstone Group has emerged as the potential joint bidder for GNC Holdings Inc., a US nutritional products retailer, alongside Bright Food Group Co., the Shanghai-based food and dairy company in a deal estimated at $2.5-3 billion,...
Chinese e-commerce giant Dangdang raises $272 million after IPO price hike
PRC e-commerce giant Dangdang Inc., after marking up its IPO price as high as $16 from a previous $11-$13, has raised $272 million by selling 17 million American Depositary Shares on the NYSE.
Goodbaby, great exit
Hong Kong-based private equity firm PAG has seen a strong result from the IPO late last month of its portfolio company Goodbaby, the largest retailer and distributor of children’s products in China.
Templeton hails Shifan IPO in Hong Kong
PRC print and media services business Shifang Holding, partially owned by Templeton Asset Management Ltd, announced yesterday its successful global initial public offering in Hong Kong.
Australian Taxation Office upholds TPG Myer ruling: reports
The Australian Taxation Office has reinforced its original judgment that followed its pursuit of TPG Capital in November 2009 for payment of income tax on its exit from local department store investment Myer, according to reports.
Morgan Stanley one step closer to exiting CICC stake
China’s securities regulator, the China Securities Regulatory Commission (CSRC), has approved US investment bank Morgan Stanley's plan to sell its 34.3% stake in China International Capital Corp., (CICC), one of the country’s large Chinese brokerages...
Sequoia makes headlines, exits Pangea3 to Reuters
Sequoia Capital has sold its Indian early-stage investee Pangea3, a legal process outsourcing (LPO) business, to media and information conglomerate Thomson Reuters, in a deal that local media estimate is worth anywhere between $40-100 million.
KKR’s China Modern Dairy IPO sees modest yield
Kohlberg Kravis Roberts & Co. (KKR) investee China Modern Daily, one of the largest domestic dairy farm companies in China, listed in Hong Kong last week, targeting to raise HK$3.5 billion ($448 million).
Blackstone’s Bluestar goes out with HK market slide
Bluestar Adisseo Nutrition Group, the Hong Kong-registered animal feed producer owned by the Blackstone Group and China National BlueStar (Group) Co., a wholly-owned subsidiary of China National Chemical Corporation (ChemChina), has cancelled plans to...
Anacacia exits Lomb to Thermo Fisher
Anacacia Capital has announced the divestment of its stake in Lomb Scientific (Aust), a science and healthcare chemicals, instrumentation and materials supplier to Australasia, to Thermo Fisher Scientific, an NYSE-listed science services group, for an...
NYSE-listed Camelot makes secondary offering
Private equity-backed New York Stock Exchange-listed Camelot Information Systems Inc., a Beijing-based provider of enterprise application services and financial industry IT services in China, has filed for a secondary offering of 7.16 million American...
JAFCO will buy 78% stake in Japanese budget barbershop from ORIX
ORIX Corp., the Japanese leasing and financial conglomerate, is reportedly selling a 78% stake in QB House, the operator of a discount barbershop chain, to JAFCO Co., Ltd., the Japanese venture capital pioneer in a deal estimated at around JPY10 billion...
Healthcare Locums confirms purchase of CHAMP PE investee Healthcare Australia
UK-based Healthcare Locums has confirmed its acquisition of Healthcare Australia Holdings Pty, which is majority-owned by CHAMP Private Equity, via the payment of A$122.5 million ($118.6 million) in cash.
CVC-controlled Samsonite considers IPO in Hong Kong
Private equity-backed Samsonite, the famous Luxembourg-based luggage maker, is reportedly considering an initial public offering in Hong Kong, aiming to raise $1 billion to achieve liquidity for its owner, CVC Capital Partners.
ARCH sees 4.7x return from Goodbaby's public debut
Goodbaby International Holdings Limited, backed by ARC Capital Holdings Limited (ARCH), a closed-end investment firm with a focus on China, debuted on the Hong Kong Stock Exchange this week, raising HK$1.47 billion ($189.4 million). It issued 300 million...
KKR investee China Modern Dairy sees flat opening in HK
Kohlberg Kravis Roberts investee China Modern Daily, one of the largest local dairy farm companies in China, has debuted on the Hong Kong Stock Exchange in an IPO targeted to raise HK$3.5 billion ($448 million). The company opened trading at HK$2.80 ($0.36),...
Blackstone-backed Bluestar Adisseo Nutrition Group cancels Hong Kong IPO
Bluestar Adisseo Nutrition Group, the Hong Kong-registered animal feed producer owned by Blackstone Group investee China National BlueStar (Group) Co., has scrapped its planned listing on the Hong Kong Stock Exchange this month, due to the sudden onset...
ICICI Venture exits India textile play Sangham
ICICI Venture has exited its remaining stake in Sangham India Ltd., a textiles manufacturer and spinning business headquartered in Bhilwara in Rajasthan, for $6.85 million, as confirmed by AVCJ Research data.
Book E-commerce giant DangDang sets pricing for NYSE IPO
DangDang Inc., the Beijing-based leading B2C e-commerce company in China, has set the pricing on its planned NYSE IPO at $11 to $13, as part of its plans to raise $17 million from selling American Depository Shares.
VC investee ISoftStone files for NYSE IPO
Venture capital-backed iSoftStone Holdings Ltd., a Beijing-based provider of IT consulting and software services, has filed for a $50 million IPO on NYSE.