Exits

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...

Dubai Asian asset exits may attract private equity

Dubai government-linked investment funds are shedding some of their Asian assets, with Emaar Properties reportedly hiring Singapore's DBS Bank to sell local sports retailer RSH Holdings, owner of the Royal Sporting House chain, valued at around $164 million.

Jordan's IMM IPO shrinks as HKSE market wanes

International Mining Machinery (IMM), a Chinese mining equipment producer jointly formed by New York-headquartered private equity firm The Jordan Company, and Beijing based co-investors Emory Williams and John Lee, has set its Hong Kong IPO at 520 million...

Istithmar exits SpiceJet at loss

Dubai investment group Istithmar has sold all of its 13.4% stake in Indian budget carrier SpiceJet, reportedly at a loss of $7.2 million on the final sale price of $37 million.

  • MENA
Citigroup sells Indian MCX commodities stake to Ashmore

Citigroup is reportedly fetching $40 million by selling its 5% stake in the Mumbai-based Multi Commodity Exchange of India Ltd (MCX), India's largest and most diverse commodities exchange, to Ashmore Group, the London-headquartered private equity firm.

CHAMP's Manassen Foods ready for IPO

Australian buyout firm CHAMP Private Equity is preparing to appoint advisors for a tentative initial public offering of Manassen Foods, a supplier of food brands including Jelly Belly Jelly Beans, Carr's Water Crackers and the Margaret River Dairy Company.

Morgan Stanley Real Estate set to sell China asset

Morgan Stanley Real Estate Asia (MSREA) is said to be in final talks to sell a Shanghai apartment complex to Alpha Investment Partners, a unit of Singapore-based developer Keppel Land, in a deal estimated at around $130 million.

Actis may exit troubled Nilgiri stake

Emerging markets specialist Actis may reportedly be about to exit its troubled 65% stake in India’s Nilgiri Dairy Farm group after reaching litigation with the company’s founding Mudaliar family, who still hold a 35% stake in the business.

Woori PE might sell big Kumho Investment stake

Woori Private Equity, the private equity arm of Seoul-headquartered local lender Woori Bank, is reportedly planning on selling its 41.4% share of Kumho Investment Bank, a wholly-owned subsidiary of Kumho Asiana Group, the troubled South Korean conglomerate.

RHJ sold partial stake in Japanese auto play U-Shin

RHJ International, the Belgium-based holding company operated by US buyout firm Ripplewood Holdings, has sold about half of its 20% stake in U-Shin, Ltd., a Japanese manufacturer of electrical auto components, for ¥1.9 billion ($20.85 million).

PRC real estate play IFM Investments downsizes IPO

Chinese real estate company IFM Investments Ltd., which operates under a franchise agreement with major US real estate agency Century 21, has reportedly downsized the number of shares it plans to sell in its IPO on the New York Stock Exchange from 16.6...

CHAMP's Study Group International mulls IPO

CHAMP Private Equity-owned Australian education services provider Study Group International is reportedly exploring a listing on the Australian Stock Exchange in June, and has appointed Deutsche Bank and Credit Suisse as joint lead managers.

Citi wants to sell Japanese ski resort

Citigroup is reportedly expecting to sell Niseko ski resort, a popular ski destination in Hokkaido for local and foreign skiers, which the group's Citigroup Principal Investments unit purchased in 2006 as part of a block deal totaling $54 million.

Tiger Airways flies in strong IPO

Singapore-based budget carrier Tiger Airways had a successful IPO on the Singapore Stock Exchange, raising around S$247.7 million ($178 million) by listing some 30% of its shares, to fund its expansion plans, and to reimburse investors Indigo Partners,...

Archer denies Rebel Sport IPO delay

Australian private equity firm Archer Capital denied reports of delays in its planned exit of its majority-owned investee Rebel Sport Ltd., the largest sports goods shop chain in Australia, through a listing on the Australian Stock Exchange by the end...

Carlyle to get Buy The Way?

The Carlyle Group has emerged as one of the potential bidders in the final round of the auction of Buy The Way, a South Korean convenience store chain owned by Asia-focused private equity fund Unitas Capital.

Leverage India Fund got 2.1x from JBF

Leverage India Fund (LIF), a $153.5 million private equity fund managed by IL&FS Investment Managers Limited, has fully exited its holdings in JBF Industries Ltd, which claims to be India’s leading manufacture of polyester-based yarns and related materials.