Exits
Carlyle-backed Claris Lifesciences makes strong debut as IPO looms
Carlyle Group-backed Claris Lifesciences Limited, maker of injectable medications, has raised an initial INR539 million ($11.8 million) through share sales to four anchor investors, coming as the company looks to raise a total of INR3 billion ($65.7 million)...
Venture-backed hiSoft Technology goes for NASDAQ secondary public offering
NASDAQ-listed hiSoft Technology International Ltd., a leading China-based provider of outsourced IT and R&D services headquartered in Dalian, China, filed for a secondary public offering of 5 million American Depository Shares last week.
KEB late entry bidder: Hana
Lone Star Funds' long-drawn-out exit from Korea Exchange Bank (KEB) appears to be finally drawing to a close with the late submission by Hana Financial Group of its bid in the auction of the full 57.27% stake held by Lone Star Funds and the Export Import...
Propel Investments will exit New Zealand funeral homes
Australasian mid-market private equity firm Propel Investments announced that it had entered into a conditional agreement to sell its 77% stake in New Zealand portfolio company Bledisloe Group Holdings Pty Ltd, to Sydney-based funeral operator InvoCare...
Sequoia-backed Sky-Mobi files for $150 million NASDAQ IPO
Sequoia Capital-backed Sky-Mobi Ltd., a Chinese developer of a cell phone platform application, has filed for a $150 million initial public offering with the US Securities and Exchange Commission.
Patni in early-stage PE acquisition discussions: reports
Indian technology services provider and General Atlantic investee Patni Computer Systems is being approached by Advent International and the Carlyle Group for a potential $1 billion acquisition, according to reports.
Sino-Century China Private Equity Fund-backed Solar Company debuts on SZSE
Sino-Century China Private Equity Fund-backed Chaori Solar listed on the Shenzhen Stock Exchange on Nov 18th, raising RMB2.38 billion ($352 million).
CLSA Capital Partners may sell Everlife as secondary transaction
CLSA Capital Partners, the alternative asset management arm of CLSA Asia-Pacific Markets, reportedly plans to exit its Japanese portfolio company, food and supplement maker Everlife, in a deal worth as much as JPY70 billion ($839 million).
Carlyle gets Taiwan telecom regulator clearance for Kbro sale
The Carlyle Group has received approval from Taiwan’s media and telecoms regulator, the National Communications Commission, for the sale of its local cable TV and broadband asset Kbro to the Tsai family, for some T$36 billion ($1.2 billion). Carlyle...
CNEI-backed Liyuan Aluminum makes successful IPO
China New Enterprise Investment (CNEI) has successfully listed its portfolio company Liyuan Aluminum Group on the Shenzhen Stock Exchange.
ANZ, Hana squareoff over KEB confirmed
Sources close to the process confirmed to AVCJ that Australia and New Zealand Banking Group (ANZ) is still engaged in due diligence for the full 57.27% stake in Korea Exchange Bank (KEB) held by Lone Star Funds and the Export Import Bank of Korea, and...
TPG Capital, General Atlantic aiming to raise $200 million from Lenovo share sale: reports
TPG Capital, including its onetime subsidiary Newbridge Capital, and General Atlantic are planning to sell 282,263 million shares in investee Lenovo Group Ltd. on the Hong Kong Stock Exchange, aiming to raise up to $200 million, according to reports.
Permira completes ABS deal
Permira has announced the successful completion of its acquisition of the holding company for Asia Broadcast Satellite, along with the ABS management team, giving existing PE investors CVC International, CVC International Co-Investment, and ADM Capital...
Advantage Partners will buy TeleGuam from Shamrock Capital
Tokyo-based PE firm Advantage Partners has signed a merger agreement with Guam telecom company TeleGuam Holdings, according to TeleGuam's statement, buying the company from Shamrock Capital Advisors, a California-based PE firm.
3i Hyva talks with Chongqing Machinery confirmed, Unitas probable
Sources close to the process have confirmed to AVCJ that 3i Group is in discussion with PRC strategic player Chongqing Machinery & Electric Company regarding the potential purchase of its portfolio asset Hyva, a Dutch hydraulic cylinder maker, which could...
CVC, SCPEL may list Amtek
CVC Capital Partners Asia Pacific and Standard Chartered Private Equity Ltd. investee Amtek Engineering, Singapore's largest metal stamping company and second largest precision engineering company, reportedly plans to raise as much as S$446-547 million...
ANZ and Lone Star ending diligence, start pricing talks on KEB: reports
Australia and New Zealand Banking Group, the leading remaining contender for Lone Star Funds' controlling state in Korea Exchange Bank (KEB) has predominantly completed its due diligence on the asset and begun discussions on pricing with Lone Star, targeting...
Mekong exits sauce company Masan
Vietnam-focused private equity investor Mekong Capital has successfully exited its portfolio company Masan Food Corporation, one of the leading sauce makers in Vietnam, for $18.84 million in a negotiated stock transaction.
MBK lands 2010’s biggest exit with CNS
In October 2006, the month when Partners was labeled the frontrunner to buy 60% of Taiwanese cable giant China Network Systems (CNS) for $1.6 billion, the firm was dubbed ‘fledgling’ by one global financial publication.
Morgan Stanley may exit CICC early next year
Morgan Stanley's tentative plan to offload its $1 billion stake in Chinese investment bank China International Capital Corp. (CICC) will be approved by China's securities regulator by February 2011, the official Shanghai Securities News reported earlier.
ICICI Venture sells RFCL to PE-backed Avantor Performance Materials
ICICI Venture has sold its 85% stake in Indian biotech firm RFCL to PE-backed chemical developer Avantor Performance Materials.
CDH-backed Xueda debuts on NYSE, raising $127 million
Xueda Education Group, a Beijing-based tutoring company invested by CDH Investments, raised $127.6 million in its IPO on the New York Stock Exchange.
Citigroup considers divestment of $570 million in CVC assets
Citigroup is considering offloading $570 million worth of assets in CVC Capital Partners as part of its effort to streamline its alternative assets business, according to global reports.
Advantage investee 1st Holding to go IPO
Advantage Partners-owned Japanese software maker 1st Holding, Inc. has filed for an initial public offering on the JASDAQ board, seeking to raise around JPY14 billion ($173.5 million) by selling around 16 million shares, according to reports.