Exits
ARCH exits Shanghai supermarket
ARC Capital Holdings Ltd. (ARCH) has sold its 100% stake in Shanghai Jiadeli Supermarket, one of the largest supermarket chain operators in Shanghai, for RMB1.1 billion ($164.8 million).
Actis exits Sri Lanka's Ceylon Oxygen to Linde Group
Actis has exited its 95% stake in Sri Lankan industrial and medical gases business Ceylon Oxygen to global strategic peer The Linde Group, for an undisclosed amount.
Jordan exits China’s International Mining Machinery
The Jordan Company has exited part of its holding in PRC mining equipment manufacturer International Mining Machinery (IMM), which listed on the HKSE in February 2010, receiving some $151 million.
Walden International exits Beceem Communications for $316 million
Veteran US and Asian VC firm Walden International has announced that Beceem Communications, Inc., a portfolio company providing fourth generation (4G) wireless platform solutions, will be acquired by US communications semiconductor major Broadcom Corporation.
Symphony-backed Zenith Pharmaceuticals exits nine-year investee Strides Arcolab
Zenith Pharmaceuticals, the majority-owned asset of Symphony Capital, is nearing the completion of its exit from Indian pharmaceutical firm Strides Arcolab, with reports that Zenith is poised to see 5.7x returns on its nine-year investment.
Carlyle-backed infant fomula company Yashili to make public debut in Hong Kong
US buyout firm Carlyle Group’s investee Yashili Group, one of the largest baby formula companies in China, is set to launch its IPO in Hong Kong later this month or early next month.
Pacific Alliance's ARC Capital sells Shanghai supermarket chain for $164.8 million
ARC Capital Holdings has sold its entire stake in Shanghai Jiadeli Supermarket to Shanghai Haihang Jiale Enterprise Management Co. for RMB1.1 billion ($164.8 million).
Sequoia-backed Sino Tech files for NASDAQ IPO
SinoTech Energy Ltd., invested by VC firm Sequoia Capital China and Deutsche Bank Securities, has submitted filings to launch an IPO on the NASDAQ, with the aim of raising up to $100 million in its public debut.
GA makes partial exit from China's Zhongsheng Holdings, gets $64 million
General Atlantic (GA) has sold a portion of its holdings in Zhongsheng Group Holdings Ltd., an automobile dealer group in China, which launched $370 million IPO in Hong Kong this year, making an estimated $64 million, according to reports.
Asian Citrus acquires Lunar Capital-backed BPG Food & Beverages for $257.8 million
Lunar Capital-backed BPG Food & Beverages Holdings Ltd. has been acquired by Asian Citrus, the largest orange plantation owner and orange producer in China, for more than HKD$2 billion ($257.8 million).
Sequoia, SIG, Walden investee Le Gaga files for NASDAQ IPO
Le Gaga Holdings Ltd., a Chinese greenhouse vegetable growing company headquartered in Hong Kong, has filed for an IPO on NASDAQ, seeking to raise some $100 million.
Lone Star may invite MBK into KEB
Lone Star Funds may be in discussion with MBK Partners to sell a 25% stake in its investee Korea Exchange Bank, as Australia and New Zealand Banking Group (ANZ) continues due diligence on Lone Star's 51.02% stake in the business, according to reports.
Morgan Stanley PE Asia's Sihuan Pharma may raise $700 million in Hong Kong
Sihuan Pharmaceutical Holdings Group, a privately-held leading Chinese pharma company owned by a JV invested by Morgan Stanley Private Equity Asia, has filed for an IPO on the Hong Kong Stock Exchange.
IFCI Venture Capital to partially exit Marck Biosciences
IFCI Venture Capital is selling a nearly 10% stake in Indian pharma firm Marck Biosciences, according to local reports, coming as the investee looks to build an INR55 crore ($12.4 million) manufacturing plant.
Brazil's JBS, Goodman Fielder, others in frame for PEP's Tegel exit
Pacific Equity Partners New Zealand poultry investee Tegel Foods is expected to see strong interest from Brazilian, Asian and Australian strategic acquirers, potentially driving the sale price tag up as far as NZ$1 billion ($755 million), following the...
Archer Capital says no exit yet from Australia's Rebel Sport
Archer Capital has indicated that it will not be seeking to list majority-owned Australian sports retail investee Rebel Sport Ltd. in the near future, after making statements in March to deny delays to the planned listing.
Trinity Capital makes 1% stake exit from India's Pipavav Shipyard
Real estate-focused PE firm Trinity Capital has exited its 1% stake in Indian shipbuilder Pipavav Shipyard for INR58 crore ($13 million), making a reported 3.2x return on its more-than-three-year investment.
RBA may pick up Candover investee Securency in fire sale amid bribe investigation
The Reserve Bank of Australia (RBA) is likely to take full ownership of banknote manufacturing company Securency International Ltd, as a bribe investigation continues at RBA's JV partner in the company, invested by Candover Partners.
GIC, Temasek to list investees in return of big SGX IPOs
Global Logistic Properties Ltd. (GLP), the international logistics business owned by Singapore SWF the Government of Singapore Investment Corp. (GIC), plans to raise S$3.45 billion ($2.64 billion) in an SGX listing which could be the largest in Singapore...
SVCA Awards, Hall of Fame showcase Singapore's private equity and VC brightest
The Singapore Venture Capital and Private Equity Association (SVCA) has released the results of its inaugural SVCA Annual Awards, with winners recognized in four categories, as well as inducting five local VC and private equity pioneers into its Hall...
ANZ continues due diligence on Lone Star's KEB
Australia and New Zealand Banking Group (ANZ) is continuing its due diligence on Korea Exchange Bank, where Lone Star Funds holds a 51.02% stake, after commencing the diligence process in August, according to comments by ANZ CEO Mike Smith.
Actis said seeking exit from India's Halonix
Actis is seeking a buyer for some or all of its 66% controlling stake in Indian halogen bulb and lamp manufacturer Halonix, in a deal which could fetch up to $56 million with a probable strategic buyer, according to Indian reports.
Taiwan regulators say Carlyle's exit plan for Kbro needs further review
Carlyle Group’s ongoing exit process for its Taiwan cable investee Kbro needs more discussion, according to Taiwan’s broadcast regulator, particularly over competition issues in the industry.
NZ Yellow Pages showcases dangers of bull market LBOs
Just two months after pan-regional PE firm Unitas Capital and its co-investor Ontario Teachers Private Capital first kicked off the exit process of the New Zealand Yellow Pages Group, approaching a plethora of private equity and industry-related potential...