Warburg Pincus has agreed to make another partial exit from ESR, the pan-Asian logistics real estate platform it established in 2011 and took public last year, which will see its stake fall to 4.56%.
Wish, a cross-border e-commerce platform that connects Chinese merchants who primarily sell products through domestic channels like Alibaba Group’s Taobal and Tmall with consumers in the US and Europe, has filed for a US IPO.
Antengene, a China-based drug developer that previously raised $238 million across three private funding rounds, closed roughly flat on its first day of trading in Hong Kong following a HK$2.78 billion ($359 million) IPO.
Yatsen Holding, the parent company of Chinese cosmetics brand Perfect Diary, gained 75% on its first day of trading on the New York Stock Exchange following a $616.9 million IPO.
Macquarie and Armitage Associates are both set to make partial exits when analytics software provider Nuix completes its Australia IPO.
Warburg Pincus and Advantage Partners triumphed in the firm of the year categories at the 2020 AVCJ Private Equity & Venture Capital Awards, with The Carlyle Group and Affinity Equity Partners also among the winners with two trophies apiece.
17 Education & Technology Group, a China-based education service provider that claims to pursue an integrated “in-school plus after-school” model, has filed for a US IPO.
CITIC Capital is exiting its stake in business intelligence database provider ISI Emerging Markets Group to UK-based Montagu Private Equity.
Aavishkaar Capital and Circulate Capital have invested a combined $18 million in Indian waste recovery and recycling business Nepra.
J-Star has sold Itty, a Japanese TV shopping business that specializes in healthy living products, to local broadcaster TV Asahi Corporation for an undisclosed sum.
Kuaishou, a Chinese video sharing and social networking platform backed by the likes of Tencent Holdings, Sequoia Capital China, Boyu Capital and DST Global, has filed for a Hong Kong IPO.
JW Therapeutics, a private equity-backed Chinese drug developer specializing in CAR T-cell therapies that engineer immune cells to fight cancers, has raised HK$2.33 billion ($300 million) through a Hong Kong IPO.
Yatsen Holding, the parent company of Chinese cosmetics brand Perfect Diary has filed for a US IPO, potentially delivering a liquidity event for the likes of Hillhouse Capital, ZhenFund and Gaorong Capital.
Private equity-backed Ant Group’s bumper IPO in Hong Kong and Shanghai has been put on hold by Chinese regulators over a potential failure to meet listing qualifications or disclosure requirements.
Indian e-commerce marketplace Flipkart has bought Mech Mocha, a local mobile gaming start-up that has previously received VC funding from Blume Ventures, Accel Partners, and China’s Shunwei Capital.
Online lending and wealth management platform Lufax raised $2.36 billion in the largest US IPO by a PE-backed Chinese company so far this year but endured a difficult first day of trading.
New Zealand infrastructure investors Infratil and HRL Morrison have offered to acquire a 75% stake in Australia-based radiology business Qscan for an enterprise valuation of A$735 million ($524 million), facilitating an exit for Quadrant Private Equity.
Philippines-based broadband provider Converge ICT has completed the country’s largest-ever IPO on the back of a tenfold expansion in the past four years as local consumers sign up to highspeed internet services previously unavailable to them.
Voting for the 2020 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks to all who participated. The winners will be announced on November 19.
L Catterton Asia has sold Australian bootmaker R.M. Williams to Tattarang, a private investment group established by Andrew Forrest, majority shareholder and former CEO of Fortescue Metals Group.
Miniso, a Chinese low-cost retailer backed by Hillhouse Capital and Tencent Holdings, posted a small gain on its US trading debut following a $608 million IPO.
Swedish private equity firm Summa Equity has acquired a controlling stake in Singapore-based biotech developer Sengenics for an undisclosed sum, setting up an exit for Japan’s SBI Holdings.
Archipelago Capital Partners has acquired Malaysian dessert and drink chain Coolblog from government-backed PE firm Ekuinas based on an equity value of MYR75 million ($18 million).
Dida Chuxing – a Chinese peer-to-peer carpooling business that subsequently expanded into ride-hailing, putting it in direct competition with longstanding market leader Didi Chuxing – has filed for a Hong Kong IPO.