Exits
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.
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.
Affinity Loscam IPO gathers speed
Affinity Equity Partners Australian investee Loscam, a pallet supplier, has reportedly appointed Credit Suisse and Deutsche Bank as advisors for its planned ASX IPO, which could reach up to A$800 million ($720 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.
Unitas exits Buy The Way – to Lotte
Unitas Capital’s much-discussed auction of its flagship Korean retail investment, convenience store chain Buy The Way, has been agreed – with the inking of a sale contract to local retail conglomerate Lotte Group for around KRW275 billion ($238 million)....
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.
HSBC investee JinkoSolar files for $100 million NYSE IPO
PRC solar company JinkoSolar Holding Co. Ltd. has filed for an NYSE IPO of up to $100 million. The company is partly owned by an affiliate fund of UK lender HSBC.
Ripplewood sells Columbia Music stake for $27.8 million
Ripplewood Holdings will sell a 25.5% stake in Columbia Music Entertainment Co., formerly known as Nippon Columbia Co., a Japanese music company for ￥2.5 billion ($27.8 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.
Tiger Airways launches more than IPO
Tiger Airways’ IPO on the Singapore Stock Exchange has signaled optimism about the strength of the public markets, and has also sparked moves by its competitors as the airline seeks to raise up to $200 million to fund expansion and the purchase of 50...
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....
PEP, Unitas staying in Independent Liquor
Pacific Equity Partners (PEP) and Unitas Capital-controlled Independent Liquor, New Zealand’s manufacturer/distributor of alcohol beverages, moved to deny reports that it was likely to be acquired by Australia’s largest supermarket chain operator, Woolworths....
Goldman sees China NYSE realty IPO
Goldman Sachs investee Century 21 China Real Estate, a franchised division of US real estate group Century 21, is planning to go IPO on the NYSE, aiming to raise $150 million by the end of January.
Walden exits Photop in China
Global venture capital firm Walden International has exited its investee Photop Technologies Inc., a Chinese manufacturer of photonics products based in Fuzhou.