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Exits

ipo-india-money
Asia IPOs gone cold: India edition

A compilation of India-based IPOs - some of them private equity-backed - that have been withdrawn or appear to have fallen behind schedule

  • South Asia
  • 28 January 2023
lidar
China LiDAR specialist Hesai aims for US IPO

Hesai Technology, a China-based developer of sensors used in autonomous driving, is targeting a US listing. Its investors include Lightspeed China Partners, Baidu, Bosch, and Xiaomi.

  • Greater China
  • 27 January 2023
dog-feed-woman-pet-food
Hillhouse-backed China pet services business seeks US listing

New Ruipeng Pet Group, a China-based pet care services platform that counts Hillhouse Capital as a significant shareholder, has filed for an IPO in the US.

  • Greater China
  • 27 January 2023
mobile-online-dating
Japan's Net Marketing is sold four months after take-private

Net Marketing, a Japanese online advertising and media management business that was delisted following the completion of a successful tender offer by Bain Capital last September, has been acquired by Tokyo-listed marketing analytics player Macbee Planet.

  • North Asia
  • 26 January 2023
logistics-shipping-container
Bain exits India maritime logistics business to German strategic

Bain Capital has sold its stake in J.M. Baxi Ports & Logistics, an India-based provider of maritime logistics, to Germany-headquartered shipping and container transportation company Hapag-Lloyd for an undisclosed sum.

  • South Asia
  • 26 January 2023
buyout-guy-cash
Asia PE investment declines 40% in 2022

Asia private equity investment reached USD 223.9bn in 2023, a sharp decline from the USD 376.4bn recorded a year earlier, but still the second-largest annual total on record, according to provisional data from AVCJ Research.

  • Fundraising
  • 19 January 2023
evisu-store
TR exits last China asset acquired through Cassia restructuring

TR Capital has sold China-focused luxury streetwear brand Evisu United – one of two assets it acquired through fund restructuring for Cassia Investments – through a sale to an unnamed financial sponsor. The size of the deal was not disclosed.

  • Greater China
  • 19 January 2023
hkvca-asia-2023-buyout
Asia GPs see reversion to norm on deal flow, valuations

Asia-focused buyout managers pointed to a return to a version of normality – with an anticipated upturn in investment and exits – in 2023 at the Hong Kong Venture Capital & Private Equity Association’s (HKVCA) Asia forum.

  • Buyouts
  • 18 January 2023
data-analysis-chart-spreadsheet
4Q analysis: Who wants China?

Pan-regional GPs get traction by highlighting their Asia ex-China credentials; buyouts rebound as growth capital – and China – continue to recede; India impresses with bumper exit proceeds

  • Greater China
  • 18 January 2023
exit-sign-sky
Southeast Asia, China GPs bullish on exits in 2023

Investors targeting Southeast Asia and China told the Hong Kong Venture Capital & Privat Equity Association's (HKVCA) Asia forum that they were encouraged by liquidity events in 2022 and expect to see more exit opportunities this year.

  • Greater China
  • 17 January 2023
dental-image-scan
MBK buys Korea dental scanning player Medit, Unison exits

MBK Partners has agreed to buy Medit, a South Korea-based manufacturer of 3D dental scanners, for a valuation of approximately KRW 2.4trn (USD 1.88bn). The transaction facilitates an exit for Unison Capital’s Korea business.

  • North Asia
  • 02 January 2023
india-elderly-care-hands
NSSK exits Japan nursing care provider to Ricoh Leasing

Japan-based mid-market private equity firm NSSK has exited nursing care provider Welfare Suzuran to Ricoh Leasing, a Tokyo-listed leasing and finance company, for an undisclosed sum.

  • North Asia
  • 30 December 2022
ecarx-ipo-spac
China-linked EcarX, Lanvin complete SPAC mergers

EcarX, a smart mobility solutions provider backed by Chinese automaker Geely Auto Group, and Lanvin Group, a global luxury fashion platform established by Fosun Group, both completed mergers with US-listed special purpose acquisition companies (SPACs).

  • Greater China
  • 26 December 2022
biopharma-test-tubes
KKR buys Japan's Bushu Pharmaceuticals from BPEA EQT

KKR has agreed to buy Japan-based contract drug manufacturer Bushu Pharmaceuticals from BPEA EQT – formerly Baring Private Equity Asia – for an undisclosed sum.

  • North Asia
  • 23 December 2022
zhihu-ipo
US regulator gets access to Chinese audits

The threat of delisting that has haunted Chinese companies that trade on US exchanges appears to have receded after the US regulators announced they had gained full access to the audits of these companies for the first time.

  • Greater China
  • 18 December 2022
exit-sign-sky
2023 preview: Exits

IPOs and trade sales have been muted in 2022, but industry participants expect strategic investors to be more active in Asia next year, especially as valuations moderate. Increased secondary deal flow is also likely

  • Greater China
  • 14 December 2022
india-flag-s
2023 preview: India PE

India’s domestic growth story appears unobstructed, but some international investors could hold their fire. The local PE industry will not graduate to the next level without that foreign capital

  • South Asia
  • 14 December 2022
hiring-jobs-labor-labour-s
2023 preview: Australia PE

Market pressures on Australian businesses, including an increasingly serious labour shortage, are a challenge and opportunity for domestic private equity. So is China, but in less discernible ways

  • Australasia
  • 14 December 2022
jakarta-indonesia-night
2023 preview: Southeast Asia VC

Southeast Asia VC is in fair position to hobble through a global downturn and cooling appetite for all things tech despite controversial politics in the region’s largest market and a dicey IPO outlook

  • Southeast Asia
  • 14 December 2022
japan-stocks-exchange-tse-tyo
2023 preview: Japan middle market

Confidence in Japan’s middle market is whipping up new deal flow, new funds, and new exit channels that will play out in 2023. This includes the possible reanimation of a dormant IPO market

  • North Asia
  • 14 December 2022
party-hangover
2022 in review: End of the party?

Fundraising favours the few; deployment becomes progressively slower as investors agonise about valuations, macro prospects, and financing costs; sponsor-to-sponsor deals prop up exits

  • Greater China
  • 14 December 2022
mobile-phone-screen-image
BPEA EQT cancels purchase of Korea's PI Advanced Materials

BPEA EQT – formerly Baring Private Equity Asia – has pulled out of its planned acquisition of a majority stake in Korea-based industrial films producer PI Advanced Materials from Glenwood Private Equity.

  • North Asia
  • 12 December 2022
equest-kne
KKR-backed EQuest buys Vietnam school operator

EQuest Education, a Vietnam-based operator of bilingual schools backed by KKR, has acquired a controlling interest in industry peer Khoi Nguyen Education Group (KNE).

  • Southeast Asia
  • 08 December 2022
layer-cake-structure-slice
Asia secondaries: Layers and structures

With private market valuations yet to see a meaningful reset in Asia and heightened risk factors in China, investors are exploring ways to drive secondary deal flow by closing the bid-ask spread

  • Secondaries
  • 06 December 2022
1 2 3

Most read

ipo-india-money
Asia IPOs gone cold: India edition
lidar
China LiDAR specialist Hesai aims for US IPO
payment-debit
Indonesia fintech start-up iSeller gets $12m
dog-feed-woman-pet-food
Hillhouse-backed China pet services business seeks US listing
contest-battle-compete-tug-war
Australia's Potentia contests Nitro merger plan
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