Open market
DCM set for partial exit from Japan's Freee
Tokyo-listed accounting software provider Freee is set to raise up to JPY42.5 billion ($391 million) through an offering of new shares and the sale of shares held by DCM Ventures.
Carlyle gets $543m through partial exit from India's SBI Card
The Carlyle Group has sold approximately one-quarter of its remaining 15.8% stake in SBI Cards & Payment Services – a year after the Indian company’s IPO – for INR39.4 billion ($543 million).
AVCJ Awards 2020: Exit of the Year - Small Cap: China Feihe
The secret to Morgan Stanley Private Equity Asia’s 148x return on dairy producer China Feihe was having faith both in the baby care industry and in a quality domestic brand
CITIC exits data business to European GP
CITIC Capital is exiting its stake in business intelligence database provider ISI Emerging Markets Group to UK-based Montagu Private Equity.
Asia exits: Liquidity lags
Private equity exits – outside of the public markets – are gradually emerging from a COVID-19 hibernation. But sellers must be mindful of timing, structure, and which buyers they are targeting
Blackstone makes $253m part-exit from India's Essel Propack
The Blackstone Group has made a partial exit from Indian packaging manufacturer Essel Propack (EPL) – which provides the tubes to 40% of the world’s toothpaste – generating proceeds of INR18.6 billion ($253.4 million).
Warburg Pincus set for part-exit from Jinxin Fertility
Warburg Pincus will sell an approximately 5.5% interest in Hong Kong-listed IVF services provider Jinxin Fertility for about HK$1.5 billion ($194 million) through a share placement.
Carlyle achieves partial exit in India’s Metropolis Healthcare
The Carlyle Group has sold 6.5 million shares of Metropolis Healthcare for INR7.5 billion ($98.7 million) to exit nearly its entire position in the Indian medical diagnostics chain.
China facilitates faster public market exits for PE and VC investors
China's securities regulator has revised rules on public market sell-downs, making it easier for PE and VC investors to exit their positions in portfolio companies post-IPO.
TPG makes partial exit from Australia's Inghams
TPG Capital has generated proceeds of approximately A$66.9 million ($44.3 million) through a partial exit from Australian poultry producer Inghams Group, paring its stake to below 10%.
FountainVest, Primavera invest $557m in China pharmacy chain
FountainVest Partners and Primavera Capital have paid $557 million for a 24.78% stake in Chinese pharmacy chain Laobaixing. It will provide a full exit for EQT Partners.
Carlyle makes partial exit from India's SBI Life
The Carlyle Group has made a partial exit from India-listed life insurance company SBI Life, selling one-third of its stake for approximately INR28.2 billion ($392 million).
Khazanah sells Malaysian hospital for $244m
Malaysian sovereign wealth fund Khazanah Nasional has agreed to sell the Prince Court Medical Centre in Kuala Lumpur to local operator IHH Healthcare for about MYR1 billion ($244 million).
JC Flowers plans near-full exit from Japan's Shinsei Bank
US-based private equity firm JC Flowers is planning to sell nearly all of its stake in Japanese financial institution Shinsei Bank for an undisclosed amount.
Southeast Asia exits: Greener pastures
Southeast Asia’s internal growth and rising appeal among global investors in recent years have fed expectations that PE and VC exits will follow. The logic is sturdy but detailed projections are elusive
VIG to make full exit from Korea's Samyang Optics
VIG has agreed to make a full exit from Korean camera lens manufacturer Samyang Optics – having taken the business public in 2017 – and will realize a 3.5x gross return on its investment.
Kedaara completes exit from India's Mahindra Logistics
Kedaara Capital has sold its remaining stake in Mahindra Logistics (MLL), the logistics and transport service of India’s Mahindra & Mahindra.
Indonesia exits: Unmet expectations?
Indonesia has become a source of frustration for LPs that want to see more exits. A weak currency, slower growth and rising competition aren’t helping GPs as they seek to deliver the required returns
Blackstone makes $217m partial exit from India's Mphasis
The Blackstone Group has made a partial exit from Indian IT services provider Mphasis, selling an 8% stake in the publicly traded company for approximately INR14.8 billion ($217 million).
IMM secures 2x return on Korea pharma investments
IMM Private Equity has fully exited its investments in Korean pharmaceutical developers Handok and Genexine.
Naspers pares stake in China's Tencent
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
China's CIC exits Blackstone stake
China Investment Corporation (CIC) has exited its remaining stake in The Blackstone Group, ending an investment of nearly 11 years.
TPG secures partial exit from Australian poultry player
TPG Capital has made a partial exit from Inghams Group, the Australian poultry producer it acquired in 2013 and took public in November 2016.
TA Associates completes exit from Australia's SpeedCast
TA Associates has made a full exit from SpeedCast, the satellite telecommunications provider it acquired in 2012 and listed in Australia two years later.
