IPO
Vietnam: Improving sentiment
With regional and global GPs showing greater interest in Vietnam, local managers have an additional exit option - and an opportunity to show that country funds can perform across multiple cycles
CDH-backed Zhenghai Bio-tech jumps on Shenzhen debut
Yantai Zhenghai Bio-tech, a Chinese biotechnology company backed by CDH Investments, saw its stock gain 44.03% on its first day of trading following a RMB234 million ($34 million) IPO in Shenzhen.
VIG-owned Samyang targets up to $74m in Korea IPO
Samyang Optics, a Korea-based camera lens manufacturer owned by VIG Partners, is seeking to raise as much as KRW82.4 billion ($73.5 million) through a domestic IPO.
India's VC-backed Matrimony files for IPO
Indian online matchmaking services provider Matrimony.com has filed for an IPO that will provide exits for VC investors Mayfield India and Bessemer Venture Partners.
VC-backed China Rapid Finance raises $60m in US IPO
China Rapid Finance (CRF), a VC-backed peer-to-peer (P2P) lending platform, is trading up 32% on its IPO price following an offering on the New York Stock Exchange that raised $60 million.
Alternative exits: Tricks of the trade
Trade sales can provide investors in underperforming companies with an opportunity to reshape their investments, but they must be willing to let go of previous expectations and show flexibility
MBK-owned ING Life to raise $972m in Korea IPO
MBK Partners will make a partial exit from ING Life Korea as the insurer raises KRW1.1 billion ($972 million) in its domestic IPO.
India's PE-backed Capacite files for $62m IPO
Capacite Infraprojects, an Indian construction firm backed by Paragon Partners and NewQuest Capital Partners, has filed for a INR4 billion ($62 million) IPO.
1Q analysis: Whale watching
KKR’s first close dominates fundraising activity, but mid-market showing still impresses; Japan leads the way as Asia exits remain reasonably strong; investment slows, if China state-backed deals are ignored
Apax commits $388m to Guotai Junan's Hong Kong IPO
Apax Partners has agreed to invest $388 million in Guotai Junan Securities as the largest cornerstone investor in the Chinese brokerage’s HK$16.5 billion ($2.1 billion) Hong Kong IPO.
IFC-backed Minsheng Education gains after Hong Kong IPO
China’s Minsheng Education Group closed up 9.4% on its first day of trading in Hong Kong, following a HK$1.38 billion ($177 million) IPO in which the International Finance Corporation (IFC) participated as a cornerstone investor.
Hony’s healthcare platform launches HK IPO
Hospital Corporation of China (HCC), a hospital operation group established by Hony Capital, has launched a Hong Kong IPO that would see the company raise as much as HK$500 million ($64 million).
Private equity-backed SF Express lists in Shenzhen
China’s largest express delivery services provider SF Express, which is backed by several PE investors, has completed a backdoor listing in Shenzhen that values the business at RMB43.3 billion ($6.6 billion).
Permira-owned Sushiro targets $728m Japan IPO
Sushiro Global Holdings, a sushi restaurant chain majority-owned by Permira, is looking to raise up to JPY82.4 billion ($728 million) through an IPO in Tokyo.
MBK-owned ING Life files for Korea IPO
ING Life Korea, a Korean insurer that MBK Partners acquired in 2013 from ING Groep, has applied for regulatory approval for a domestic IPO.
ChrysCapital set for exit in Eris Lifesciences IPO
Indian pharmaceutical company Eris Lifesciences has filed for a domestic IPO that is expected to facilitate a full exit for ChrysCapital Partners, which has been an investor since 2011.
PE-backed Serba Dinamik raises $135m in Malaysia IPO
Serba Dinamik Holdings, a Malaysian oil and gas services provider backed by CMS Opus Private Equity (COPE), posted a marginal gain on its first day of trading on the Bursa Malaysia after raising MYR600 million ($135 million) in its IPO.
India's PE-backed Au Financiers files for IPO
Indian non-banking financial company (NBFC) Au Financiers has filed for an IPO, providing partial exits for its PE backers including Warburg Pincus, ChrysCapital, Kedaara Capital and the International Finance Corporation (IFC).
4Q analysis: Big ticket bias
Ausgrid deal obscures weak investment environment; fundraising returns to normal after state-backed blitz; China’s IPO market is on the mend, but public market problems undermine Asia exits
IDG sees 15 start-ups achieve unicorn status in 2016
Fifteen start-ups backed by IDG Capital Partners achieved valuations of $1 billion or more in 2016, taking the total number of unicorns in the China-focused VC firm’s portfolio to 26 over the past 12 years.
PE-backed New Century Healthcare targets $129m HK IPO
New Century Healthcare, a Chinese pediatric hospital operator backed by CDH Investments and Boyu Capital, is planning to raise HK$1 billion ($129 million) via a Hong Kong IPO.
AVCJ Awards 2016: Private Equity Professional of the Year: Frank Tang
From re-listing Focus Media in Shenzhen to closing Fund III at $2.1 billion, FountainVest Partners has enjoyed a fruitful 12 months. CEO Frank Tang assesses the China market
AVCJ Awards 2016: Exit of the Year - IPO: Focus Media
Moving from a privatization in the US to a re-listing in Shenzhen through a reverse merger – in the space of 30 months – Focus Media blazed a trail that others have sought to follow
India's S Chand files for IPO, Everstone to part exit
Everstone Capital is set to make a partial exit from Indian educational publisher S Chand as the company filed for domestic IPO.