IPO
VC-backed SMIT targets up to $37m in Hong Kong IPO
SMIT Holdings, a China-focused provider of payment systems and security devices for TV broadcasters, which has several VC investors, is looking to raise as much as HK$291 million ($37 million) through a Hong Kong IPO.
AID Partners to list HMV in Hong Kong via reverse merger
AID Partners is poised to list the HMV Asia business in Hong Kong through a reverse merger, a couple of weeks after making a partial exit from the music and movie retailer to Japan’s World Innovation Lab (WiL).
Blue Sky-backed Alcidion lists in Australia
Blue Sky Alternative Investments-backed healthcare technology company Alcidion has listed in Australia with a A$2 million ($1.4 million) IPO priced at A$0.03 a share.
Wanda Media to raise $1.5b ahead of domestic listing
Chinese conglomerate Dalian Wanda Group is seeking to raise RMB10 billion ($1.5 billion) from domestic investors for its film and TV production division – Wanda Media – ahead of a planned onshore listing.
Q&A: Archer Capital's Peter Wiggs
Peter Wiggs, CEO of Archer Capital, on why the IPO slowdown has helped PE deal flow, the attractiveness of education and healthcare, and recently spun-out Archer Growth
Australian PE: Under the spotlight
The rapid descent of Dick Smith Electronics from a $500 million valuation to bankruptcy has led to sharp criticism of private equity. Once again, the industry must explain why it isn’t the bad guy
PE-backed SF Express targets A-share IPO
China's largest express delivery services provider SF Express, which is backed by several PE investors including CITIC Capital, has confirmed that it is targeting an A-share IPO.
Ascendent sees 5x return on China high-speed rail investment
Ascendent Capital Partners has completed its exit from Nano Resources, a components manufacturer for high-speed trains, generating a more than 5x return.
Legend-owned payment platform to list via reverse merger
Lakala, a Chinese offline third-party payment services provider owned by Legend Holdings, is set to list on the Shanghai Stock Exchange through a reverse merger.
Taiwan regulator allows VC firms to list domestically
Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for Taiwan-based venture capital firms to pursue onshore IPOs.
Australian senate committee to investigate Dick Smith demise
An Australian parliamentary committee will launch an inquiry into the collapse of listed domestic retailers following the demise of Dick Smith Electronics, which was previously owned by Anchorage Capital Partners.
PE-backed BeiGene gains 18% on debut after $158m IPO
BeiGene, a Chinese cancer drug developer backed by Hillhouse Capital and CITIC Private Equity, closed up 18% on its first day of trading on NASDAQ following a $158.4 million IPO.
Innovation Works approved to list on China's New Third Board
Innovation Works, a Chinese early-stage VC firm founded by ex-Google China head Kai-Fu Lee, has been approved to list on the National Equities Exchange and Quotations (NEEQ), an over-the-counter (OTC) market also known as the New Third Board.
PE-backed Hengyang Cattle set for China reverse merger
Heilongjiang Hengyang Cattle Industry, a Chinese beef processor backed by CDH Investments and other PE investors, plans to list in Shenzhen through a backdoor listing.
Spin-out of PE-backed SouFun set for China reverse merger
SouFun Holdings, a US-listed Chinese online real estate portal backed by the Carlyle Group and IDG Capital Partners, plans to spin out its online media and finance service units into a domestic backdoor listing.
Anchorage speaks out on Dick Smith investment
Anchorage Capital Partners has spoken out for the first time about the demise of its former portfolio company, Dick Smith Electronics, for which the Australian GP has attracted much criticism.
CDH-owned Nanfu Battery completes China reverse merger
CDH Investments-controlled Fujian Nanping Nanfu Battery, China’s leading manufacturer of alkaline batteries, has listed on the National Equities Exchange and Quotations (NEEQ) through a reverse merger.
Australia IPOs: Crisis of confidence?
The demise of Dick Smith Electronics has prompted criticisms of Anchorage Capital Partners' handling of the business and left investors questioning the quality of PE-backed IPOs in Australia
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
GPs on China's New Third Board: Public market oddity
A dozen Chinese private equity firms have been listed on the New Third Board in recent years, but the model is far removed from that seen in other markets and regulators are concerned