Exits
VCs set for exit as Alibaba buys IDsManager
Alibaba Cloud, the cloud computing unit of Alibaba Group, has agreed to acquire IDsManager, a Chinese cloud-based ID management platform backed by Qiming Venture Partners and Fortune Capital.
Chinese drone maker EHang targets US listing
Chinese drone manufacturer EHang has filed for a US IPO, potentially delivering a liquidity event for investors including GGV Capital and ZhenFund.
ESR raises $1.6b in up-sized HK IPO, gains on debut
Pan-Asian logistics and fund management platform ESR gained 5.4% on its first day of trading in Hong Kong after completing Asia's second-largest IPO of the year.
China property marketplace trades flat after $78m IPO
Chinese online real estate marketplace Fangdd Network raised $78 million in its US IPO, having reduced the size of the offering, and traded flat on its first day on NASDAQ.
China car finance player targets US IPO
Meili Auto, a Chinese car financing platform, has filed for US IPO. Its backers include Gaorong Capital, China International Capital Corporation (CICC), and Lingfeng Capital.
China's I-Mab Biopharma pursues US IPO
I-Mab Biopharma, the product of a CBC Group-engineered merger of two Chinese drug developers, has announced plans for a NASDAQ IPO.
China media platform Lizhi pursues US listing
Lizhi, a Guangzhou-based audio streaming and social networking platform backed by Matrix Partners China and Morningside Venture Capital, has filed for a US IPO.
China's Danke raises $190m, files for US IPO
China-based long-term apartment rental platform Danke has filed for a US IPO. It comes a fortnight after the company raised $190 million in Series D funding from CMC Capital Partners and Primavera Capital Group.
PE-backed bitcoin mining company files for US IPO
Canaan, which claims to be China’s leading manufacturer of bitcoin mining equipment has filed for a US IPO. This follows failed attempts to list in Hong Kong and complete a reverse merger in Shenzhen.
Biotech player Ascentage gains on debut after $53m HK IPO
Ascentage Pharma saw its share price surge 57% during the first day of trading in Hong Kong before closing up 9.9%, following a heavily oversubscribed HK$416.6 million ($53 million) IPO.
PropertyGuru abandons Australia IPO
Private equity-backed Southeast Asian online real estate portal PropertyGuru has decided not to proceed with its A$380 million ($256 million) IPO in Australia, citing market uncertainty.
PE-backed ESR relaunches Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has relaunched a Hong Kong IPO that was pulled in June amidst unrest in Hong Kong and concerns about the valuation.
PE-owned Latitude cancels Australia IPO
Australia and New Zealand consumer lending business Latitude Financial has abandoned plans for an IPO that would have facilitated partial exits for its private equity owners.
Chinese cosmetic surgery business seeks $32.5m in US IPO
Aesthetic Medical International Holdings, a Chinese cosmetic surgery chain that failed to get traction with a Hong Kong IPO four years ago, has filed to list in the US. Its private equity backers include IDG Capital and ADV Partners.
Deal focus: Events focus delivers Affinity 2.6x return on TEG
Building a meaningful events promotion business was an early priority for Affinity Equity during its ownership of Australian ticketing player TEG. This transformation paved the way to a lucrative exit
Australia IPOs: Best behavior
Public market investors in Australia have fallen out of love with private equity-backed IPOs. It's in the interests of both to get along, but they must find a way to rebuild trust
VCs set for exit as Alibaba buys China cybersecurity start-up
Alibaba Cloud, a subsidiary of Alibaba Group, has agreed to acquire Chaitin Technology, a Chinese cybersecurity start-up backed by Matrix Partners and Qiming Venture Partners.
Lakeshore secures 2.75x return on Bangkok steakhouse deal
Thailand-based Lakeshore Capital has exited Bangkok area steakhouse chain Santa Fe to Singha Corporation for $50 million, generating a 2.75x return.
Chinese online property marketplace set for IPO
Fangdd Network, a Chinese online real estate marketplace backed by the likes of FountainVest Partners and CDH Investments, has filed to list in the US.
Chinese apartment rental platform Qingke pursues US IPO
Q&K International Group, operator of China-based long-term apartment rentals platform Qingke, has filed for a US IPO. Its backers include Morgan Stanley Private Equity Asia (MSPEA) and Crescent Point.
CLSA exits Japanese automotive tools retailer
CLSA Capital Partners has exited Worldtool, a Japanese automotive tools retailer that primarily operates under the Astro Products brand, to domestic home improvement chain Royal Homecenter.
PropertyGuru seeks as much as $256m in Australia IPO
PropertyGuru, a Southeast Asia-focused online real estate portal that counts TPG Capital and KKR among its investors, is looking to raise up to A$380.2 million ($256 million) through an IPO in Australia.
Affinity sells Australia ticketing business to Silver Lake
Affinity Equity Partners has agreed its second Australia exit in three weeks, with Silver Lake set to assume control of ticketing business TEG. It follows a deal to sell a 35% stake in Virgin Australia’s frequent flyer business back to the parent company.
PE-backed Chinese health products distributor files for US IPO
Ecmoho, a China-based online distributor of health and wellness products from leading brands such as Abbott and Wyeth Nutrition, has filed for US IPO.
