Investments
Templeton hails Shifan IPO in Hong Kong
PRC print and media services business Shifang Holding, partially owned by Templeton Asset Management Ltd, announced yesterday its successful global initial public offering in Hong Kong.
QSR process ends without result as Carlyle, CVC turned down
The series of bids for the controlling stake in Malaysian fast-food group QSR Brands owned by parent group Kulim have ended without result for the Carlyle Group and CVC Capital Partners Asia Pacific, with the target turning down all approaches.
Deloitte Technology Fast 500 Asia Pacific shows Australia, Japan surprises, Asia growth
The annual Deloitte Technology Fast 500 Asia Pacific ranking and awards for the region's fastest-growing TMT companies, released today, showed surprisingly strong performance from Australasian and Japanese companies, as well as showcasing an average revenue...
Japan's ORIX acquires 25% stake in Indochina Capital
ORIX Corp., the leading Japanese leasing and invesmtent business, has acquired a 25% stake in Indochina Capital Corp., the investment firm run by Peter Ryder and Rick Mayo-Smith that specializes in Vietnamese real estate, equities and infrastructure.
Australian Taxation Office upholds TPG Myer ruling: reports
The Australian Taxation Office has reinforced its original judgment that followed its pursuit of TPG Capital in November 2009 for payment of income tax on its exit from local department store investment Myer, according to reports.
Morgan Stanley one step closer to exiting CICC stake
China’s securities regulator, the China Securities Regulatory Commission (CSRC), has approved US investment bank Morgan Stanley's plan to sell its 34.3% stake in China International Capital Corp., (CICC), one of the country’s large Chinese brokerages...
Sequoia makes headlines, exits Pangea3 to Reuters
Sequoia Capital has sold its Indian early-stage investee Pangea3, a legal process outsourcing (LPO) business, to media and information conglomerate Thomson Reuters, in a deal that local media estimate is worth anywhere between $40-100 million.
KKR’s China Modern Dairy IPO sees modest yield
Kohlberg Kravis Roberts & Co. (KKR) investee China Modern Daily, one of the largest domestic dairy farm companies in China, listed in Hong Kong last week, targeting to raise HK$3.5 billion ($448 million).
Blackstone’s Bluestar goes out with HK market slide
Bluestar Adisseo Nutrition Group, the Hong Kong-registered animal feed producer owned by the Blackstone Group and China National BlueStar (Group) Co., a wholly-owned subsidiary of China National Chemical Corporation (ChemChina), has cancelled plans to...
Anacacia exits Lomb to Thermo Fisher
Anacacia Capital has announced the divestment of its stake in Lomb Scientific (Aust), a science and healthcare chemicals, instrumentation and materials supplier to Australasia, to Thermo Fisher Scientific, an NYSE-listed science services group, for an...
NYSE-listed Camelot makes secondary offering
Private equity-backed New York Stock Exchange-listed Camelot Information Systems Inc., a Beijing-based provider of enterprise application services and financial industry IT services in China, has filed for a secondary offering of 7.16 million American...
Macquarie, Forum commit to Crescent Australia investee Bluestone
Macquarie Bank is to acquire around 17.5% of Australian capital and asset management business Bluestone Group, already invested by Crescent Capital Partners, while real estate investment firm Forum Partners is refinancing some A$20 million ($19.2 million)...
JAFCO will buy 78% stake in Japanese budget barbershop from ORIX
ORIX Corp., the Japanese leasing and financial conglomerate, is reportedly selling a 78% stake in QB House, the operator of a discount barbershop chain, to JAFCO Co., Ltd., the Japanese venture capital pioneer in a deal estimated at around JPY10 billion...
CVC stalled in QSR process against Carlyle, KKR rumored: reports
The newly formed consortium of CVC Capital Partners Asia Pacific and Malaysian group Idaman Saga has failed to top a bid by the Carlyle Group for QSR Brands Bhd, the local food services group that controls franchises for Kentucky Fried Chicken plus Pizza...
Healthcare Locums confirms purchase of CHAMP PE investee Healthcare Australia
UK-based Healthcare Locums has confirmed its acquisition of Healthcare Australia Holdings Pty, which is majority-owned by CHAMP Private Equity, via the payment of A$122.5 million ($118.6 million) in cash.
CVC-controlled Samsonite considers IPO in Hong Kong
Private equity-backed Samsonite, the famous Luxembourg-based luggage maker, is reportedly considering an initial public offering in Hong Kong, aiming to raise $1 billion to achieve liquidity for its owner, CVC Capital Partners.
ARCH sees 4.7x return from Goodbaby's public debut
Goodbaby International Holdings Limited, backed by ARC Capital Holdings Limited (ARCH), a closed-end investment firm with a focus on China, debuted on the Hong Kong Stock Exchange this week, raising HK$1.47 billion ($189.4 million). It issued 300 million...
KKR investee China Modern Dairy sees flat opening in HK
Kohlberg Kravis Roberts investee China Modern Daily, one of the largest local dairy farm companies in China, has debuted on the Hong Kong Stock Exchange in an IPO targeted to raise HK$3.5 billion ($448 million). The company opened trading at HK$2.80 ($0.36),...
Carlyle makes opportunistic bid for Malaysia’s QSR Brands
The Carlyle Group has informed palm oil and plantation giant Kulim that it wants to acquire its majority stake in Malaysian integrated food services business QSR Brands Bhd, according to reports.
Warburg Pincus makes PIPE investment in Mingfa Group
Warburg Pincus has entered into a share subscription agreement with Mingfa Group, an HKSE-listed major developer in Jiangsu and Fujian that focuses on large-scale projects in second and third-tier cities.
Blackstone-backed Bluestar Adisseo Nutrition Group cancels Hong Kong IPO
Bluestar Adisseo Nutrition Group, the Hong Kong-registered animal feed producer owned by Blackstone Group investee China National BlueStar (Group) Co., has scrapped its planned listing on the Hong Kong Stock Exchange this month, due to the sudden onset...
Lin leaves ID TechVentures
Jacky Lin, a Partner at ID TechVentures working in mainland China, has left the firm.
ICICI Venture exits India textile play Sangham
ICICI Venture has exited its remaining stake in Sangham India Ltd., a textiles manufacturer and spinning business headquartered in Bhilwara in Rajasthan, for $6.85 million, as confirmed by AVCJ Research data.
Book E-commerce giant DangDang sets pricing for NYSE IPO
DangDang Inc., the Beijing-based leading B2C e-commerce company in China, has set the pricing on its planned NYSE IPO at $11 to $13, as part of its plans to raise $17 million from selling American Depository Shares.