Exits
Aureos exits Truong Thanh Furniture, its first Vietnam exit
The Aureos South-East Asia Fund LLC (ASEAF), managed by emerging markets investor Aureos Capital, has fully exited Truong Thanh Furniture Corporation after three and a half years - its first exit in Vietnam.
Goldman Sachs to sell its 86% stake in Teibow
Goldman Sachs is set to sell its 86% stake in Japanese manufacturer of pen nibs Teibow Co. for as much as JPY10 billion ($113 million), according to reports.
ICICI Venture's Entertainment World to launch $96 million IPO - reports
ICICI Venture-backed real estate firm Entertainment World Developers Ltd (EWDL) reportedly looks to raise INR4.5 billion rupees ($96 million) in an IPO.
Khazanah cornerstones Hony investee Chaowei Power IPO
Chaowei Power Holdings Ltd., a PRC electric bike motor battery manufacturer, debuted on the Stock Exchange of Hong Kong, collecting HK$474.8 million ($61 million), but saw its stock fall over 9% on its first trading day, amid global and PRC economic uncertainties.
China stakes its claim
PRC dominates as fundraising and IPOs boom in 1H2010
A schizophrenic industry?
The latest AVCJ Research figures on private equity activity in 2010 show an industry that is powering ahead in precisely the weakest areas for private equity in the West.
KKR, Permira cited for MBK CNS sale
Kohlberg Kravis Roberts & Co. and UK-headquartered Permira are among potential bidders for China Network Systems (CNS), the Taiwanese cable TV asset that MBK Partners is seeking to exit for up to $2.5 billion, according to reports.
Citi-backed Camelot prepares for IPO
Camelot Information Systems Inc., a Citigroup Venture Capital-backed provider of business solutions and IT services in China, looks to raise $159.6 million in its NYSE IPO via the sale of at least 13.3. million American depositary shares (ADS).
ANZ said out of KEB process
The Australia and New Zealand Banking Group Ltd. (ANZ) is not considering any further participation in Lone Star Funds' sale of its 51% stake in Korea Exchange Bank (KEB), following due diligence, and will also not bid for PT Bank Panin Indonesia, according...
Nimbus revives IPO exit plan
3i Group and Oman International Fund investee Nimbus Communications, an Indian broadcaster which operates the Neo Sports and Neo Cricket channels, has revived an IPO plan originally mooted in 2008, and may seek to raise up to INR750 crore ($160 million).
SWFs help AgBank shave IPO record
The IPO of the Agricultural Bank of China in Hong Kong and Shanghai raised $19.2 billion, which will breach the Industrial and Commercial Bank of China's all-time record if a further greenshoe placement takes it to an expected $22.1 billion, with much...
Istithmar exits SpiceJet for $25.3 million
Dubai-headquartered investment firm Istithmar has made its expected exit from Indian budget carrier SpiceJet, obtaining $25.3 million from a number of institutional investors for its 6.9% stake in the business.
Fitness First to IPO
BC Partners-owned gym chain Fitness First is reportedly looking into an IPO on the Hong Kong, Singapore, Shanghai or Sydney stock exchanges in a public markets debut that could raise as much as $1.8 billion.
Korean government delays Woori sale
The Korean government has delayed the public announcement of its privatization plans for Woori Financial Group, owner of No. 3 Korean lender Woori Bank, likely looking to increase the value of the sale.
Affinity exits Loscam in PRC trade sale
After months of negotiation that supplanted a potential IPO, Affinity Equity Partners has exited its Australian pallet business Loscam – in a trade sale to PRC strategic player China Merchants Group.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
Providence announces terms on $570 million Study Group deal
Providence Equity Partners has announced a final acquisition price of A$660 million ($570 million) for CHAMP Private Equity and Petersen Investments investee Study Group in its first Australian deal.
Carlyle explores Kbro alternatives after Taiwan Mobile lapse
The Carlyle Group is exploring alternative approaches to allow it to sell its Taiwanese cable investee Kbro after a planned sale to local telecoms operator Taiwan Mobile failed to complete by its end June target date, due to unexpected regulatory hurdles.
CHAMP buys ATF Services from Quadrant
In the region's latest secondary buyout - actually a tertiary transaction - Australia's CHAMP Private Equity has purchased ATF Services, a maker of temporary fence and height-safety products, from Sydney-based Quadrant Private Equity for an undisclosed...
Temasek's ITS to list in Hong Kong
Temasek Holdings will seek to increase its pre-IPO stake in PRC investee intelligent transportation system provider China ITS (Holdings) Co Ltd. which anticipates raising about $119 million via a Hong Kong IPO in July.
ChrysCapital fully divests from Hathway Cable
ChrysCapital has fully exited investee Hathway Cable and Datacom Ltd., selling its remaining 6.36% stake in the cable TV service provider following its partial exit earlier this year at the time of Hathway’s IPO.
BC Partners-backed Fitness First contemplates APAC IPO
BC Partners-owned Fitness First is reportedly planning to debut onto the Hong Kong, Singapore, Shanghai or Sydney stock exchanges in an IPO that could raise as much as $1.8 billion.
ICICI may exit I-Ven Pharma to Dr. Reddy's Labs
ICICI Venture is reportedly considering selling its 100% stake in I-Ven Pharma Capital Ltd. to its partner Dr. Reddy's Labs (DRL), which would be the latest in a string of exits by the Indian private equity firm.
ICICI exits Metropolis Healthcare after Warburg Pincus investment
ICICI Venture is to fully divest from India’s Metropolis Healthcare Ltd., following Warburg Pincus’s move to inject $85 million into the laboratories chain.