Exits
PE-backed Chinese online pharmacy completes $100m US IPO
Chinese online pharmacy operator 111 Inc – best known for its 1 Drugsstore platform – traded down slightly on its NASDAQ debut after raising $100.5 million in a scaled back IPO.
CHAMP exits Australian forex broker Pepperstone
CHAMP Private Equity has exited Australian foreign exchange broker Pepperstone following a buyout by its founders, senior management and Fiona Lock, a managing director at the PE firm.
China's Nio trades up after smaller-than-expected US IPO
Chinese electric vehicle (EV) maker Nio – which claims its premium vehicle is cheaper and better quality than the Tesla Model X – ended its first day of trading in New York 5.4% above the IPO price following a $1 billion offering.
Southeast Asia VC: Partner propositions
Strategic investors, particularly from China, are playing a growing role in Southeast Asia’s technology scene. Venture capital investors in the region hope their portfolio companies can benefit from the rising tide
IFC-backed Angel Broking files for India IPO
Indian financial services provider Angel Broking has filed for an IPO that will raise up to INR6 billion ($83 million) and provide a partial exit to the International Finance Corporation (IFC).
Finch secures 2.7x return on Indonesia's Cermati
Early-stage technology investor Finch Capital has sold its minority stake in Indonesian financial technology developer Cermati to local conglomerate The Djarum Group, realizing a 2.7x return on capital in its first exit in Indonesia.
Meituan-Dianping targets $4.4b IPO, promises domestic focus
Meituan-Dianping, China’s leading online-to-offline (O2O) lifestyle services platform, is looking to raise up to HK$34.6 billion ($4.4 billion) in its Hong Kong IPO, while emphasizing that it will focus on its core domestic business rather than pushing...
MBK to sell stake in Korean life insurer for $2b
MBK Partners is set for a full exit from ING Life Korea – now known as Orange Life Insurance – after agreeing to sell its majority stake to Shinhan Financial Group for KRW2.29 trillion ($2.04 billion).
Orchid, TPG-backed Duiba files for Hong Kong IPO
Duiba, a Chinese enterprise services company in which Orchid Asia and TPG Capital recently invested $110 million, has filed for a Hong Kong listing.
L Catterton-owned menswear brand targets HK listing
China-based fashion menswear retailer GXG, in which consumer-focused GP L Catterton Asia and Crescent Point hold a controlling stake, has filed for an IPO in Hong Kong.
China language learning app Liulishuo files for US IPO
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, has filed to list in the US.
Chinese IoT platform Viomi files for US IPO
Viomi, a Chinese manufacturer of smart household devices that works in partnership with smart phone maker Xiaomi and counts Shunwei Capital and Sequoia Capital China as investors, has filed for an IPO in the US.
China’s PE-backed Tubatu files for HK IPO
Tubatu, a Chinese online home renovation platform backed by Matrix Partners and Sequoia Capital, has filed for an IPO in Hong Kong.
Korean IPOs: The public eye
A growing number of South Korean buyout firms are testing the waters for domestic IPOs. Continued regulatory hurdles mean that realizing value will require planning for the post-offer period
PE firms to acquire India's Spoton Logistics for $78m
Samara Capital and Xponentia Fund Partners, a PE firm headed by former executives from CX Partners, The Carlyle Group, and Citigroup Venture Capital International (CVCI), have agreed to acquire Indian logistics platform Spoton Logistics from India Equity...
SAIF-backed Senco files for $86m India IPO
Senco Gold, an Indian jewelry chain backed by SAIF Partners, has filed for an IPO, seeking to raise up to INR6 billion ($86 million).
China PE: Exit issues
Chinese GPs appear to be reevaluating their exit options as a shifting landscape for local IPO and trade sale markets suggests economic concerns and increased scrutiny
CDH-backed Mabpharm files for Hong Kong IPO
Mabpharm, a China-based biopharmaceutical company backed by CDH Investments, has filed for an IPO in Hong Kong, the latest in a growing number of proposed listings under new rules that allow biotech companies with no revenue or profits to go public.
Brookfield, Macquarie to exit Australia's Quadrant Energy for $2.2b
Australian oil and gas supplier Quadrant Energy has agreed to a $2.15 billion buyout offer from domestic peer Santos that will provide a full exit for its private equity backers, including Brookfield Asset Management and Macquarie Capital.
JD.com-backed Farfetch to go public in US
UK-based luxury online fashion retailer Farfetch, which has received significant funding from Asian investors including China’s JD.com, has filed for a US IPO.
China’s Ascentage Pharma files for HK IPO
Ascentage Pharma, a Chinese biopharmaceutical company with several private equity backers, has filed for an IPO in Hong Kong.
Chinese news aggregator Qutoutiao preps for US offering
Qutoutiao, a Chinese news aggregator app that seeks to differentiate itself from market leader Jinri Toutiao by focusing on entertainment-oriented content, has announced plans to list in the US.
Advantage exits Japan's Fasford to Fuji
Advantage Partners has agreed to sell Japan-based Fasford Technology – a semiconductor components supplier it carved out from Hitachi three years ago – to Fuji Corporation.
Qiming, Sequoia-backed CooTek files for US IPO
CooTek, a Chinese company that also goes by the name of Chubao and is best-known for the TouchPal smart phone keyboard, is seeking to go public in the US.