Exits
Lone Star KEB stake sale resumes
Lone Star Funds' sometimes controversial investee Korea Exchange Bank has stated that the investor's long-delayed trade sale exit from its 51% stake is about to resume.
Symphony partially exits Strides Arcolab
Symphony Capital has sold shares in its long-term Indian medical investment Strides Arcolab, equivalent to just under $5 million.
Carlyle's Willcom on notice for further government support
Willcom, the Japanese PHS - personal handy-phone service - provider controlled by Carlyle Asia, will be assessed by the Enterprise Turnaround Initiative Corporation of Japan (ETIC) to see if the government organization will support the mobile company’s...
General Atlantic investee Zhongsheng resets IPO
General Atlantic China investee car dealer Zhongsheng Group has reportedly begun bookbuilding for its Hong Kong IPO, initially targeting to raise $800 million-$1 billion, after postponements that came close to cancellation, according to earlier reports....
Temasek, New Silk, New Vernon, Kotak steer 9X sale to Zee in partial INX exit
Temasek Holdings, New Silk Route, New Vernon Private Equity Fund and Kotak Private Equity may see a partial exit from their loss-making Indian media investee INX Media, with the sale of its 9X entertainment channel to the Subcontinent's largest media...
Intel to buy Fidelity's India MCX stake
Intel Capital is reportedly going to acquire 2% of the stake in India's Multi Commodity Exchange (MCX) held by Fidelity International.
Denham sells Trinity Coal to India's Essar
US private equity firm Denham Capital has agreed the sale of its US mining asset Trinity Coal to Indian industrial conglomerate Essar Group for $600 million.
Mystery buyer for Morgan Stanley CICC stake
China International Capital Corp. (CICC) chairman Li Jiange said publicly that his bank's longterm investor Morgan Stanley had finally fixed a buyer for its 34.3% CICC stake - but he declined to say who.
Advantage, SoftBank plan $112.6 million investment in Willcom
Advantage Partners, the Tokyo-based private equity firm, and Japanese mobile phone carrier SoftBank will reportedly provide JPY5 billion ($56.3 million) each to Willcom, the struggling PHS (personal handy phone) business, which filed for bankruptcy with...
Asst Treasurer Sherry cites "fair and equitable" tax in Oz Forum
Australia’s Assistant Treasurer, Senator the Hon. Nick Sherry, repeatedly referred to Australia's desire to promote a "fair and equitable tax system," as he opened the AVCJ Private Equity & Venture Forum \ ANZ 2010 in Sydney.
TPG exit dents Lenovo shares
TPG Capital's latest partial exit from landmark investee PRC computer maker Lenovo Group drove the company's shares lower in Hong Kong, after a sale of just under $70 million of stock.
PEP seeks 2H10 Hoyts IPO
Pacific Equity Partners reportedly may be seeking to list Australian cinema business Hoyts Group in the second half of 2010, with a potential value of up to A$1 billion ($900 million).
Temasek's Thai assets fall after Thaksin ruling
Listed assets in Thailand owned by Singapore SWF Temasek Holdings fell after a Thai court ruling that ex-prime minister Thaksin Shinawatra had abused his office to benefit entities of Shin Corp., the telecoms group linked to his family that was controversially...
Bain may sell Outback Steakhouse in Korea, elsewhere
Bain Capital is reportedly in talks to sell the successful Asia Pacific operations of its investee company, Australian-themed restaurant chain Outback Steakhouse, with the sale of the Korean assets most advanced.
Hathway Cable IPO disappoints for ChrysCapital, MS
ChrysCapital Management and Morgan Stanley investee Hathway Cable and Datacom Ltd. fell below its listing price by up to 9% on its debut on India's National Stock Exchange, though the result was still moderately positive for the backers.
Ant Capital will sell Honma Golf to PRC group
Ant Capital Partners, the Japanese private equity firm, and Milestone Turnaround Management, a Japanese business consulting firm specializing in turnaround situations, will jointly sell their more than 50% stake in Honma Golf Co., a privately-held golf...
EON Capital rejects HLB offer
Primus Pacific investee EON Capital Bhd has rejected a MYR4.92 billion ($1.4 billion) takeover offer from Hong Leong Bank, run by Malaysian billionaire Quek Leng Chan.
Morgan Stanley on track for KKR/TPG CICC exit
US private equity giants Kohlberg Kravis Roberts & Co. (KKR) and TPG Capital have emerged as the final bidders in the auction to take the 34.3% stake in China International Capital Corp (CICC), the nation’s largest investment bank, from Morgan Stanley...
J Will Partners sells Japanese senior home
J Will Partners, a Tokyo-based private equity fund specializing in corporate revitalization, will sell its entire holdings in Bon Sejour, a Japanese operator of nursing homes for senior citizens, to Benesse Holdings, a Japanese company focused on education,...
Ashmore may exit India's Digicable
Ashmore Investment is reportedly in discussions to exit its 49% stake in Mumbai-headquartered Digicable Network, an India cable TV player.
Morgan Stanley may hand over ANA hotels
Morgan Stanley may have to give up its $2.4 billion portfolio asset of Japan's ANA Hotel chain to creditors, if as expected, the firm fails to repay debts due in April this year.
Primus's EON Capital rejects HLB offer
Primus Pacific Malaysian investee EON Capital Bhd has rejected a MYR4.92 billion ($1.4 billion) takeover offer from Hong Leong Bank, run by Malaysian billionaire Quek Leng Chan.
Lone Star may exit KEB - at last
The long-running saga of Lone Star Funds' repeated efforts to exit its investment in Korea Exchange Bank may be drawing to a close, as John Grayken, Lone Star managing partner, announced that the firm expects to sell its 51% stake within the next six...
IPOs a mixed bag for HK, China
The recent poor performance of IPOs on the Hong Kong Stock Exchange is a stark contrast with the upward trend of 2009’s world IPO leader.