IPO
CDH to make partial exit through Baroque Japan IPO
Baroque Japan, an apparel business majority-owned by CDH Investments and Chinese women’s shoe retailer Belle International, is seeking to raise around JPY30.86 billion ($307 million) through a Tokyo IPO.
India's SIS files for IPO, CX set for partial exit
CX Partners is on course to make a partial exit from India-based Security & Intelligence Services (SIS) as part of the company’s domestic IPO.
Direct Capital to exit New Zealand King Salmon
Direct Capital will exit the bulk of its holding in New Zealand King Salmon as the seafood company seeks to raise up to NZ$77.5 million ($56.4 million) through a domestic and Australian IPO.
CLSA-backed BayCurrent lists in Tokyo
CLSA Capital Partners (CLSA CP) has made a partial exit from BayCurrent Consulting as the company raised JPY28.3 billion ($272 million) through an IPO on the Tokyo Stock Exchange.
VC-backed Berry Genomics to list in Shenzhen via reverse merger
Berry Genomics, a Chinese genetic test developer backed by Qiming Venture Partners and Legend Capital, is looking to list in Shenzhen through a reverse merger.
Korea exits: Seller central
Foreign buyers and restless chaebols could help deliver more exit opportunities for private equity firms in Korea – provided it is the right asset, at the right price, at the right time
India's PE-backed Laurus Labs file for IPO
Indian pharmaceutical products developer Laurus Labs has filed for a domestic IPO, offering a partial exit for backers Warburg Pincus and Eight Roads Ventures.
VC-backed app developer Meitu files for Hong Kong IPO
Chinese mobile internet company and photo app provider Meitu has filed for a Hong Kong IPO, offering potential exits to investors including IDG Capital Partners and Qiming Venture Partners.
SE Asia tech IPOs: Loosening up
The Singapore Exchange has found limited success in attracting regional tech IPOs. Investors say it needs greater flexibility and understanding to grab a piece of the market
India’s VC-backed Yatra Online agrees backdoor US listing
VC-backed Yatra Online, an Indian travel services provider, has agreed to be acquired by a special purpose US buyout firm as part of a backdoor NASDAQ listing scheme that values the company at $218 million.
Actis-backed Endurance Technologies files for India IPO
Indian automobile component manufacturer Endurance Technologies has filed for an IPO, providing an exit for its investor Actis.
PE-backed Linglong Tyre raises $388m in Shanghai IPO
Shandong Linglong Tyre, a leading Chinese tire manufacturer backed by Legend Capital and Hony Capital, has raised RMB2.6 billion ($388 million) in a Shanghai IPO.
India's Carlyle-backed PNB Housing Finance files for IPO
PNB Housing Finance, the mortgage lender subsidiary of India's state-run Punjap National Bank that is backed by The Carlyle Group, has filed for a INR25 billion ($370 million) IPO.
RRJ, Carlyle-backed logistics player targets $434m HK IPO
A subsidiary of Chinese logistics player Shanghai Yupei Group, which is backed by RRJ Capital, The Carlyle Group, and Temasek Holdings, is looking to raise up to HK$3.36 billion ($434 million) through a Hong Kong IPO.
MBK makes partial exit as Komeda IPO raises $588m
MBK Partners has made a partial exit from Japan-based coffee shop chain Komeda Coffee after the company raised JPY60.2 billion ($588 million) through an IPO on the Tokyo Stock Exchange.
Carlyle re-lists Japan healthcare staffing business
The Carlyle Group has re-listed Solasto Corporation on the Tokyo Stock Exchange, four and a half years after privatizing the medical staffing business, which was previously known as NIC Corp.
GPs set for partial exits in India's Aster DM Healthcare IPO
Indian hospital chain Aster DM Healthcare has filed for an IPO, seeking to raise at least INR6.1 billion ($89 million) and providing partial exits for its PE backers Olympus Capital Asia and India Value Fund Advisors (IVFA).
Korean PE-backed Acushnet files for US IPO
Acushnet Holdings, a golf equipment and apparel business backed by Korean PE investors, has filed for an US IPO.
China Online Education slips on trading debut, VCs re-up
VC-backed China Online Education Group closed marginally below its offering price on the first day of trading on the New York Stock Exchange, following an IPO worth $45.6 million. Existing backers Sequoia Capital and DCM concurrently committed an additional...
China announces new rules for GPs listing on New Third Board
China’s securities regulator said it would resume its approval of qualified private equity firms listing on the National Equities Exchange and Quotations (NEEQ), while imposing tighter listing requirements.
China GPs underline merits of sector focus
China GPs must respond to the country’s economic slowdown by paying closer attention to picking sectors that can outperform – and in which they can help drive that performance – industry participants told the Hong Kong Venture Capital & Private...
MBK-owned Komeda Coffee wins approval for Japan IPO
Komeda Coffee, a coffee shop chain owned by North Asia-focused MBK Partners, has won approval for a Tokyo IPO. The indicative price suggested the offering will be worth up to JPY60.2 billion ($547.4 million).
PE-backed SF Express targets $6.6b Shenzhen reverse merger
China’s largest express delivery services provider SF Express, which is backed by several PE investors, is looking to list in Shenzhen through a reverse merger that values the business at RMB43.3 billion ($6.6 billion).
PE-backed Giant completes $2b backdoor listing in Shenzhen
Chinese online game developer Giant Interactive Group, which was taken private by a consortium of PE investors in conjunction with the company’s CEO, has completed a backdoor listing in Shenzhen that values the business at RMB13.1 billion ($2 billion).