Exits
Crescent sells National Hearing Care to international buyer
Crescent Capital Partners and Macquarie Group have sold local hearing healthcare business National Hearing Care Group (NHC) to Italian hearing aid retailer Amplifon SA, the leading global player in the sector, for A$460 million ($441 million).
Goldman Sachs sells down ICBC stake
Goldman Sachs, which originally purchased a 4.9% stake in Industrial and Commercial Bank of China, came back in the market after almost a year and a half to sell down a further 0.9% of its holding, raising an estimated $2.25 billion in the process.
Standard Chartered Private Equity plans IPO exit with India’s Endurance Techologies
Standard Chartered Private Equity Ltd. (SCPEL) is looking at a partial exit from Indian investee Endurance Technologies Ltd. via an IPO, as the auto parts manufacturer targets a domestic listing.
TPG PRC investee ShangPharma targets listing on NYSE
ShangPharma Corp., a PRC company offering R&D outsourcing services for the pharma and biotech markets, and invested by TPG Capital, has filed for an IPO on the NYSE.
CHAMP seeks sale exit for Healthcare Australia
CHAMP Private Equity is in discussions with at least three potential buyers, both strategic players and other PE firms, about a potential sale of its nursing and aged care staffing business Healthcare Australia, with a probable price tag of around A$150...
India's Pipavav Shipyard sees private equity exit
After a successful listing on India's Bombay Stock Exchange last year, Indian shipbuilder Pipavav Shipyard Ltd. has said that private equity investors, including Indus Capital, New York Life Insurance, Standard Chartered Private Equity and Trikona Capital,...
Carlyle hits Taiwan regulatory delay in Kbro exit
The Carlyle Group’s planned $1.14 billion sale of Taiwanese cable TV/broadband asset Kbro to the local Tsai family, backers of strategic peer Taiwan Mobile, failed to receive its expected regulatory nod, as Taiwan’s National Communications Commission...
Goldman Sachs exits 22% stake in Cremica Foods to Motilal Oswal Private Equity
Motilal Oswal Private Equity Advisors has bought Goldman Sachs’ 22% stake in Indian investee Cremica Foods for $15 million – the same amount that Goldman spent for the investment in 2006, according to local reports citing figures close to the deal.
Saratoga-backed Tower Bersama may raise $179 million in IPO
Saratoga Capital-backed Tower Bersama Infrastructure, an Indonesian provider of telecommunication towers, could raise up to IDR1.6 trillion ($179 million) in its IPO next month.
Carlyle Kbro Taiwan deal in line for regulatory approval
The Carlyle Group is due to receive regulatory clearance for the $1.14 billion sale of its Taiwanese cable investee Kbro to the local Tsai family, principal promoters of strategic Taiwan Mobile, after the deal was stalled in June by a regulatory issue.
PEP denies NZ Griffin's Foods sale, confirms Tegel under review
Pacific Equity Partners has publicly denied that it will sell its New Zealand snacks and biscuits investee Griffin’s Foods, following reports by Australian media that the asset was up for sale alongside poultry business Tegel and cinema player Hoyts.
Unitas, Ontario Teachers suspend NZ Yellow Pages sale
Unitas Capital and its co-investor Ontario Teachers Private Capital have halted the sale process of the New Zealand Yellow Pages Group, coming amid speculation that interested parties were unable to provide satisfactory bids.
Sequoia and SIG Asia back Country Style Cooking debut on NYSE
Country Style Cooking Restaurant Chain Co., a Chinese quick-service restaurant chain operator invested by Sequoia Capital and SIG Asia, has raised approximately $82.5 million in its IPO on the NYSE.
Crescent Capital sells NHC for $441 million
Australian PE firm Crescent Capital has sold its hearing healthcare firm National Hearing Care Group (NHC) to Italian hearing aid retailer Amplifon SA for A$460 million ($441 million), choosing to make its exit via a strategic sale instead of taking a...
Hopu-backed Winsway to sell pre-IPO stake to Daiwa SB Investment
Hopu Investment Management-backed Winsway Coking Coal Holdings Ltd, which plans to raise up to $574 million from an IPO in Hong Kong, is about three times covered on the sixth day of its bookbuilding, and has secured Daiwa SB Investments to buy $40 million...
Aureos exits 34% stake in Indian pharma research firm Accutest
Aureos Capital has fully exited its 34% stake in Indian clinical research group Accutest Research Laboratories to investment firm Greater Pacific Capital Ltd. for an undisclosed amount.
Goldman trying to exit holdings in Primo Japan
Goldman Sachs appears to be looking for buyers for its holdings in Primo Japan Inc., a Japanese retailer of diamond rings, in a prospective deal which could fetch as much as JPY10 billion ($118 million).
TPG set to make $69 million through Parkway Life exit
TPG Capital is reportedly looking to offload its 9.3% stake in Singapore-based healthcare REIT Parkway Life, via a sale that could fetch as much as S$91.1 million ($69 million).
ChrysCap follows SCPEL in partial exit from Mahindra & Mahindra
Days after Standard Chartered Private Equity was said to be in the process of partially exiting its stake in Indian rural-focused, auto finance firm Mahindra & Mahindra Financial Services, news has surfaced that ChrysCap has also partially exited the...
Metmin plans exit as Tecpro goes IPO
Indian private equity investor Metmin Investments is planning a partial exit on a five-year investment in Tecpro Systems Ltd., the Indian bulk solids handling company also invested by Avigo Capital, Credit Suisse, Kotak Mahindra Capital and the Macquarie...
3i India exits 6.6% stake in steel pipe maker Welspun Corp.
UK private equity firm 3i Group has exited its 6.6% stake in Indian steel pipe producer Welspun Corp. Ltd. for an undisclosed amount, coming three years after it first invested INR350 crore ($76.8 million) in the company.
Affinity, TPG investee UTAC seeks to relist in Singapore
Affinity Equity Partners and TPG Capital investee United Test and Assembly Center (UTAC) is seeking to relist in Singapore in an IPO likely to raise up to $600 million, three years after its 2007 privatization, according to reports.
ANZ/KEB due diligence ongoing
Australia and New Zealand Banking Group (ANZ) is continuing its due diligence for the potential purchase of a 57.27% stake in Lone Star Funds investee Korea Exchange Bank.
PE backed SouFun hits top of range for NYSE IPO
SouFun Holdings Ltd, China's No. 2 online real estate website, has sold 2.9 million American Depositary Shares for $42.50 each, raising $124.7 million in its NYSE IPO, hitting the top end of the company’s expected price range of $40.50-42.50.