Exits
Tano Capital exits Shilpa Medicare with 4.5x IRR
In its second exit this year, Indian private equity firm Tano Capital has sold its stake in pharmaceuticals manufacturer Shilpa Medicare Ltd, reportedly earning 4.5x return on its initial $2 million investment.
CVCI sells stake in Emaar MGF to company's promoters
Citi Venture Capital International (CVCI) has exited its 1% investment in Emaar MGF Land Ltd, the Indian branch of Dubai realtor Emaar Properties PJSC, for a reported $60 million – up from the $50.98 million it paid in 2006.
WuXi Pharma sees no exit via Charles River
VC-invested PRC pharmaceutical major WuXi PharmaTech saw its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana Partners.
Palamon, Morgan Stanley, AlpInvest get Oz cards spinout exit
Palamon Capital Partners, Morgan Stanley Alternative Investment Partners and AlpInvest Partners have picked up A$353 million ($319 million) from the sale of the Australian operations of their joint investee Retail Decisions, a card payment-processing...
WuXi Pharma exit to Charles River nixed
VC-invested PRC pharmaceutical major WuXi PharmaTech has seen its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana...
CVCI makes 90% exit from India's KS Oils
Citigroup Venture Capital International (CVCI) has reportedly exited 90% of its 4.95% stake in cooking oil company KS Oils for INR93 crore ($19.9 million).
Primus-backed EON sets vote date for Hong Leong bid
Primus Pacific Partners-backed EON Capital Bhd., a Malaysian lender, has been given until August 19 to decide on its acquisition by Hong Leong Bank, which launched a $1.6 billion bid for the company.
Israel's Giza solar investee Danen lists in Taiwan
Giza Venture Partners, an Israeli venture capital firm, has seen its portfolio company Danen Technology, a Taiwanese solar wafer manufacturer, debut on the Taiwan Stock Exchange with a market cap of around $350 million.
SAIF Partners buys 22.98% stake in Huiyuan Juice Group from Danone
SAIF Partners has picked up a 22.98% stake in Chinese beverage company Huiyuan Juice Group, for approximately $260 million, more than one year after the Chinese government foiled Coca-Cola Co.’s bid to acquire Huiyuan for $2.4 billion.
H&QAP claims 11x return on Fabrinet after IPO
Long-established regional private equity firm H&Q Asia Pacific (H&QAP) has claimed an 11x return on its 1999 investment in Thailand-headquartered optical and electronic components foundry company Fabrinet, after the latter's IPO on the NYSE earlier in...
CIC sells $138 million Morgan Stanley shares, seeks hires
China Investment Corporation (CIC), China's leading SWF, sold $138.5 million worth of Morgan Stanley shares last week, according to a filing with the US SEC, as it seeks to recruit up to 64 new personnel.
VC-backed China Kanghui seeks $75 million IPO on NYSE
VC-funded China Kanghui Holdings, a manufacturer of orthopedic implants, has filed for a $75 million IPO on the New York Stock Exchange, with investors including IDG Capital, Accel Partners, TDF Capital, CDH Ventures and VivoVentures.
MakeMyTrip IPO could give big exit for VCs
VC-backed Indian online travel company MakeMyTrip(MMT) may deliver one of the largest recent exits for investors via a debut on NASDAQ, after filing for an IPO expected to raise up to $100 million.
Temasek to sell Fraser and Neave stake to Kirin
Seletar Investments Pte Ltd., a wholly-owned subsidiary of Singapore SWF Temasek Holdings, will sell a 14.7% stake in Fraser and Neave Ltd. (F&N), the largest beverage company in Malaysia and Singapore, to Kirin Holdings Company, Ltd., Japan’s largest...
ICICI Venture may offload stake in I-Ven Medicare
ICICI Venture is reportedly set to exit a large portion of its healthcare arm I-Ven Medicare India Pvt. Ltd. – which is further a component of its India Advantage Fund Series 2 - and is said to be in talks with Mumbai-based PE firm India Value Fund...
ANZ back in KEB frame?
After a stop-and-go involvement in the auction of Lone Star Funds' 51% stake in Korea Exchange Bank, which included a statement earlier this month that it was not considering any deals at all, Australia and New Zealand Banking Group (ANZ) may now be about...
Bain goes for Mr. China’s ASIMCO
Bain Capital is to become the controlling shareholder of ASIMCO Technologies Ltd., the Beijing-based manufacture of automotive components made famous by the book ‘Mr. China,’ for $150 million.
Yellow Pages auction up a gum tree?
Unitas Capital and Ontario LP direct investment major Teacher’s Private Capital are reportedly hunting for buyers for New Zealand’s Yellow Pages Group, having launched a sale process for the estimated $700 million asset – more than 50% lower than...
Carlyle completing Kbro exit to Tsais
The Carlyle Group has reportedly finalized the exit of its Taiwanese cable TV investment Kbro to the Tsai business family, owners of Taiwan Mobile, the company that Carlyle originally planned to exit the asset to.
CHAMP seeks buyers for Healthcare Australia
In the latest Australian healthcare sector deal, local PE firm CHAMP Private Equity is reportedly looking to sell Healthcare Australia, the country’s largest nursing, homecare and medical specialist placement company, worth an estimated $265 million.
PE-backed Ambow files for NYSE IPO
Ambow Education Holding Ltd. - a PRC education and career development service provider backed by Actis, CStar Investment, EdVenture, JAFCO Asia Technology Fund and Macquarie - has filed for an IPO on the New York Stock Exchange, planning to raise nearly...
CVCI offloads 14.3% stake in India's JBF Industries
Citigroup Venture Capital International (CVCI) has sold a 14.3% stake in India’s JBF Industries for INR120 crore ($25.4 million) on the Bombay Stock Exchange, with Reliance Capital Trustee Co. in turn picking up 2.55 million shares for a 4.1% stake...
VC-backed Opulan bought by Atheros
Opulan Technologies Corp, a privately held Chinese fabless semiconductor company backed by VC firms including AsiaVest Partners, Acorn Campus, and KLM Capital Group, has agreed to be acquired by NASDAQ-listed Atheros Communications Inc., in a deal valued...
MBK CNS process could jumpstart Taiwan deals
North Asia-focused buyout firm MBK Partners has started the formal sale process for its Taiwanese cable TV/broadband asset China Network Systems (CNS) with the first bidding round, forecast to fetch up to $2.5 billion in a deal shaping up to be one of...