Chinese cancer drug developer Innovent Biologics, which has a number of PE backers, closed up on its Hong Kong trading debut, following a HK$3.3 billion ($421 million) IPO.
Pemba Capital Partners – an Australian middle-market GP formerly known as RMB Capital Partners – has agreed to sell heavy equipment specialist Heavy Maintenance Group (HMG) to Malaysia’s Sime Darby for A$58 million ($41 million).
Certusnet, a China-based developer of telecommunication software backed by CDH Investments, has filed for an IPO in Hong Kong.
Keppel Infrastructure Trust (KIT) has been named the preferred bidder for Ixom, a chemicals business that The Blackstone Group carved out of Australia’s Orica three years ago.
MBK Partners has agreed to sell its remaining stake in Korean water purifier business Coway to a subsidiary of Woongjin Group – the company from which it bought the asset in 2013 – for KRW1.68 trillion ($1.48 billion).
The Securities and Exchange Board of India (SEBI) has floated a number of proposals intended to ease the listing process for technology-focused start-ups.
Tuanche, a Chinese online auto services platform that specializes in group buying, has filed for an IPO in the US. Its backers include K2 Ventures, Highland Capital Partners, and Bertelsmann Asia Investments (BAI).
Standard Chartered Private Equity (SCPE) has exited its stake in Dolvi Minerals and Metals, a trader of metallic and non-metallic minerals based in India.
Chinese electric scooter manufacturer Niu Technologies ended its first day of trading on NASDAQ down 3.9% after raising $63 million in a scaled back IPO. The company’s backers include GGV Capital, Future Capital, and IDG Capital.
Brand names dominate Asia fundraising to an unprecedented degree; China IPOs continue despite weakening markets; Taiwan, Australia and Singapore deliver an unlikely investment boost
Advent International has made an investment of undisclosed size in Indian packaging industry supplier Manjushree Technopack. It facilitates an exit for Kedaara Capital.
Niu Technologies, China's largest producer of lithium-ion electric scooters, is targeting up to $104 million in its US IPO. VC backers include GGV Capital and Future Capital Discovery Fund.
Greenko Energy, an Indian renewable energy producer owned by GIC Private, has completed the acquisition of Orange Renewables and agreed to buy Skeiron Green Renewables. The two deals will increase Greenko’s overall operational capacity from 3.2 gigawatts...
Private equity investors in India’s GMR Airports (GAL) will receive INR35.6 billion ($481.3 million) in cash plus additional equity in compensation after the company failed to deliver a liquidity event within an agreed timeframe.
KKR is looking to privatize Australian accounting software company MYOB, having acquired a substantial stake in the business from Bain Capital and made an unsolicited offer for all the remaining shares at a valuation of A$2.19 billion ($1.54 billion).
The Riverside Company has sold Australia’s Global Orthopaedic Technologies (GOT) for an undisclosed sum to Corin Orthopaedic, a UK-based firm recently bought by Permira.
Pacific Equity Partners (PEP) has agreed to sell Manuka Health, a New-Zealand based producer of premium honey – used in dietary supplements, gourmet foods and personal care products – that it acquired three years ago.
Tencent Music Entertainment Group (TME), one of the world’s largest music streaming services, has filed to list in the US. PAG Asia Capital is among the company’s minority backers.
CooTek – the VC-backed Chinese app developer behind the TouchPal smart phone keyboard – shrugged off a disappointing trading debut in New York and pledged to cultivate new products with a view to easing reliance on its flagship offering.
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, ended its first day of trading on the New York Stock Exchange up 1.2%.
Bitmain, a five-year-old Chinese company that is the dominant global player in manufacturing chips for bitcoin mining, with revenues ballooning nearly tenfold to $2.5 billion last year, has filed for a Hong Kong IPO.
China has issued guidelines for domestic listings by pre-profit technology start-ups as well as companies with weighted voting rights (WVR) structures that allow founders to retain control despite dilution of their shareholdings.
CVC Capital Partners has agreed to acquire a majority stake in UnitedLex, a legal process outsourcing firm based in the US, with significant operations in India, and backed by investors including Madison Capital, Helion Venture Partners, and J.P. Morgan...
AGIC Capital, a private equity firm focused on cross-border investments, has exited its stake in Italian robotics supplier Gimatic to US-based industrial products manufacturer Barnes Group for EUR370 million ($436 million) in cash.