Exits
Bain exits Feixiang Chemicals ahead of Rhodia acquistion
Bain Capital is set to offload its investment in China's Feixiang Chemicals ahead of the company's full acquisition by French chemical developer Rhodia for $489 million.
H&QAP's Array IPOs for Taiwan OTC
Veteran Asian investor H&Q Asia Pacific (H&QAP) announced that Array Networks, its Silicon Valley-headquartered portfolio company, has completed its listing on the Taiwan OTC Exchange, becoming the first foreign Internet networking company to list in...
SAIF, Sequoia, Tiger investee Just Dial looks to launch IPO
Indian search firm Just Dial Pvt – which has received more than $10 million worth of funding from early backer SAIF Partners – is set to launch its IPO, which may come as early as the end of the year.
Primus suit delays EON takeover vote
Primus Pacific Partners, the single biggest stakeholder in Malaysian lender EON Capital, has caused a delay to a vote by the bank's shareholders on a $1.6 billion takeover bid from Hong Leong Bank by launching a lawsuit to block the buyout offer, claiming...
Transpac gets Heinz takeaway with Foodstar exit
Long-established Singapore private equity firm Transpac Capital is about to exit its investment in SGX-listed PRC soy sauce and beancurd business Foodstar Holdings, with a trade sale of around $165 million to Heinz.
MBK sole bidder for KEB
Pan-Asian independent buyout fund MBK Partners was the only bidder to submit a formal letter of intent to purchase the 51.5% controlling stake in Korea Exchange Bank held by Lone Star Funds and valued at up to $4 billion, according to Korean press reports.
MagnaChip to debut on NYSE
South Korea’s MagnaChip Semiconductor, currently invested by distressed investment firm Avenue Capital Group and previously backed by a number of private equity firms prior to earlier bankruptcy, is poised for its IPO on the NYSE, in a listing which...
Blackstone could exit Emcure
The Blackstone Group may be on the verge of exiting its first investment in India, Emcure Pharmaceuticals, following earlier reports that Kohlberg Kravis Roberts & Co. may be about to commit $50 million to the company - the same amount as Blackstone's...
Lombard exits Thai restaurant S&P
Lombard Investments has announced its exit from its stake in S&P Syndicate, a Thai restaurant and bakery chain described by Lombard as the world's biggest, realizing a 2.5x return on the fund's original 2005 investment.
Walden gets happy returns from Korean games
Walden International has sold a 13% stake in its portfolio company Ndoors Corporation, a South Korean game software developer/publisher, to Nexon Corporation, a major strategic peer in the sector.
SAIF expects 5x return from selling Intelligroup
Hyderabad-based IT firm Intelligroup, 37% and 26% invested by SAIF Partners and Venture Tech (an investment vehicle of The Institute for Learning and Brain Sciences of the Washington University in the US), will be sold 100% to NTT Data Corporation, the...
H&Q's Fabrinet launches NYSE IPO
Fabrinet Inc., a Thailand-based provider of foundry services for optical components backed by investors including H&Q Asia Pacific, is launching its IPO on the NYSE, targeting to raise up to $110.5 million.
Nomura may partner MBK on KEB as StanChart withdraws
Leading Japanese brokerage and financial group Nomura Holdings is discussing a partnership with regional buyout firm MBK Partners to make a joint bid for Lone Star Funds’ 51.5% stake in Korea Exchange Bank, expected to go for $3.5-4 billion.
WL Ross exits SpiceJet at a premium
Leading US investor Wilbur Ross and his flagship investment group WL Ross & Co. have exited from the 30% stake held since 2008 in Indian budget airline SpiceJet. The exit price was $127 million, yielding a 58% profit after just two years.
Navis exits Linatex to Weir Group
Navis Capital Partners has announced its exit from its 2005 investment into Linatex, a Malaysia-headquartered specialist rubber manufacturer supplying the mining and sand/aggregates industries, through a trade sale to The Weir Group for $172.5 million.
Temasek slated for $300 million in AgBank IPO
Singapore SWF Temasek Holdings is now looking to invest some $300 million in the upcoming listing of Agricultural Bank of China, which is expected to raise between $20 billion and $30 billion in the world's biggest IPO to date, according to reports.
Ross flies out of SpiceJet
Leading US investor Wilbur Ross has exited from the 30% stake his WL Ross & Co. investment group held in Indian budget airline SpiceJet for $127 million, yielding a substantial profit after just under two years in the asset.
Kleiner, Sequoia, Walden-backed Auto Navi goes to NASDAQ
Sequoia Capital, Kleiner Perkins and Walden International investee AutoNavi Holdings Ltd., a provider of digital map content and navigation services in China, filed with US regulators on Wednesday to raise up to $100 million in an initial public offering...
StanChart rules out KEB move
Standard Chartered has indicated that it will not be pursuing a bid for Korea Exchange Bank (KEB), further dampening expectations of a highly contested auction for Lone Star Funds' 51% stake in the asset.
KEB auction cooling as ANZ commitment flags
The sale of Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) appears to be losing momentum, as hitherto lead contender Australia and New Zealand Banking Group Ltd. has yet to submit a formal bid for the stake, which could fetch up to $4 billion.
New suitor for Primus investee EON
Malaysian lender Affin Holdings has sought regulatory permission to start discussions with shareholders of EON Capital, including 20.2% stakeholder Primus Pacific Partners, for a possible bid for the company.
MBK in running for KEB? - reports
Independent pan-Asian buyout firm MBK Partners may be seeking a secondary buyout opportunity from Lone Star Funds for its 51% stake in Korea Exchange Bank (KEB), valued at up to $4 billion, according to unconfirmed media reports.
KEB low-ball bid reports false
Korean media reports suggesting that Australia & New Zealand Banking Group (ANZ) and Standard Chartered Bank submitted low bids for Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) at $3.32 billion or less were false - at least according to ANZ...
Affinity exits Loscam to PRC's CIMC - reports
After several months of apparent negotiation, Affinity Equity Partners is reportedly exiting its Australian investee Loscam, a pallet provider, to China International Marine Containers (CIMC), which apparently beat out private equity bidders CHAMP Private...