Exits
Sequoia India divests 16% stake in Dr. Lal PathLabs to TA Associates
VC firm Sequoia Capital India has reportedly agreed to sell half of its stake in in Indian diagnostics specialist Dr. Lal PathLabs to US-based PE firm TA Associates, leaving both TA Associates and five-year investor Sequoia with 16% stakes apiece in the...
Wise Partners outbid PE rivals to take Goldman's Teibow
Wise Partners, a Japanese private equity firm, will buy Teibow Co., a local maker of felt pen tips, from US investment bank Goldman Sachs for between JPY10-15 billion ($117-176 million).
ANZ report suggests KEB sale still on
Despite earlier unconfirmed reports that Lone Star Funds was canceling its sale of its 51% stake in Korea Exchange Bank, fresh indications have emerged that the sale is still on, with Australia and New Zealand Banking Group (ANZ) reiterating its interest...
San Miguel scraps plans to sell stake in Pure Foods
Months after Philippine conglomerate San Miguel Corp. confirmed that it sought to offload a 49% stake in its foods division Pure Foods – an asset that could fetch $1.3 billion in its entirety and $600 million for its minority stake – the group has...
PEP considering Tegel Foods sale
Pacific Equity Partners is apparently considering strategic options for investee poultry producer Tegel Foods, including a divestment of shares, industry sources said, adding that the deal value could be worth more than A$600 million ($535 million).
Sequoia may exit Dr Lal PathLabs to TA Associates
Leading VC firm Sequoia Capital appears to be in advance talks to offload half of its stake in Dr Lal PathLabs, India’s largest diagnostics and pathology services chain, to US-based private equity firm TA Associates.
Lone Star scrubs KEB sale - or not?
Reports from Korea - sometimes unreliable in business news reporting - have indicated that Lone Star Funds has canceled the sale of its 51% stake in Korea Exchange Bank (KEB), due to lack of buyer interest.
Bain, Macquarie, Permira in frame for MBK's CNS
Bain Capital and the UK's Permira Advisers, as well as Macquarie Group, are among the final bidders selected by MBK Partners for its Taiwanese cable investee Cable Network Systems (CNS), which could fetch up to $2.5 billion, according to reports.
Huaneng plans HK wind power listing
Huaneng New Energy Industrial Co., the wind power unit of China Huaneng Group Co. the largest energy company in China and a partner of WL Ross & Co., is reportedly looking at an IPO in Hong Kong by the end of this year.
VC-backed REVA lists in Oz
Venture capital-backed REVA Medical, a San Diego-based innovative medical device company, has raised $63 million from its initial public offering on the Australian Stock Exchange.
ANZ diligencing KEB for $3.8 billion stake
After a long-running, stop-and-go series of reports on its participation in bidding for Lone Star Funds' stake in Korea Exchange Bank (KEB), Australia and New Zealand Banking Group (ANZ) has confirmed that it is doing due diligence on an up to 57.27%...
AgBank follow-on pushes over record
The Agricultural Bank of China, invested by the China Investment Corp (CIC), Singapore's Temasek Holdings and the SWFs of Qatar and Kuwait, has seen a follow-on share issue to its Hong Kong and Shanghai IPO push the listing's total value to an all-time...
MakeMyTrip IPO sees strong result for VCs
VC-invested Indian travel company MakeMyTrip saw a 92% share hike on its first trading day on the NYSE, with stocks rising up to $26.81 from the $14 offer price in the best US IPO debut performance since late 2007.
Apax, General Atlantic to support SouFun float
European private equity major Apax Partners and US large-scale VC leader General Atlantic are to jointly underwrite the NYSE IPO of leading PRC real estate portal SouFun Holdings, 51% invested by Australian telecom incumbent Telstra Corp.
Pacific Capital Partners makes first exit first from Pacific Island-focused fund
Pacific Capital Partners has sold its 49% stake in Heli Niugini Ltd, a Papua New Guinean helicopter operating service - the first exit from its Kula Fund private equity vehicle, exclusively allocated to investments in the Pacific Islands.
China Kanghui sees NYSE IPO rise
VC-backed PRC orthopedic implants manufacturer China Kanghui Holdings saw its shares rise some 3.8% from $10.25 to $10.64 on its NYSE debut, the middle of its planned pricing range, raising some $68.4 million.
Actis-backed Tema India seeks $32.4 million in PE funding
Tema India Pvt Ltd, a manufacturer of high-pressure heat exchangers, has reportedly approached private equity investors to raise INR150 crore ($32.4 million) in growth capital, in a move that suggests that five-year-long backer Actis may be exploring...
ICICI considers Bharat Biotech exit - reports
ICICI Venture is reportedly looking to exit its 11% stake in Bharat Biotech through various options, including a secondary transaction or a sellout, as the firm aims to divest from many of its healthcare commitments.
MBK KEB bid status in doubt
MBK Partners' bid for the 51% stake in Korea Exchange Bank owned by Lone Star Funds is in doubt following conflicting reports from Korea, with some media indicating that the buyout firm has failed to put together an acquisition consortium, and others...
Ascent Capital exits 10% stake in Ambika Cotton Mills
VC firm Ascent Capital Advisors India has sold its 10% stake in Ambika Cotton Mills, five years after it paid INR16.2 crore ($3.5 million) for its position.
Intel, JPM investee Trony pulls IPO
Trony Solar Holdings, a Shenzhen-headquartered thin-film solar power module manufacturer invested by Intel Capital and JPMorgan Special Situations, has withdrawn its planned NYSE IPO.
Unifi Capital buys back its stake from Peepul Capital
Indian PE firm Peepul Capital has sold its stake in Chennai-based wealth management group Unifi Capital back to the company, reporting approximately 7x return on its initial $1 million investment.
Macquarie, Providence and Bain bid on Taiwans CNS
Australia’s Macquarie Group and U.S. buyout fund Providence Equity Partners have submitted bids to acquire Taiwan’s cable network operator China Network Systems (CNS), currently 60%-owned by Pan-Asia-focused buyout firm MBK Partners, in a process...
GIC links with three banks ahead of GLP IPO
Singaporean SWF GIC has reportedly linked with three banks – UBS, DBS and the China International Capital Corp. (CICC) - to manage the IPO process of its Global Logistic Properties (GLP) unit, said to be worth as much as $3 billion.