Exits
Ping An healthcare business trades flat after $1.1b IPO
Ping An Healthcare & Technology – operator of the Chinese healthcare-focused mobile app known as Ping An Good Doctor – closed flat on its Hong Kong trading debut following an HK$8.77 billion ($1.1 billion) IPO.
Sequoia, Saama to exit US, India-based analytics company
Sequoia Capital India and Saama Capital will exit their 10-year investment in ScioInspire Holdings, a healthcare analytics platform with operations in the US, UK and India, through a merger with US-listed industry peer EXL.
PE-backed Xiaomi set for Hong Kong IPO
Xiaomi, a Chinese smart phone maker that has received substantial venture capital and private equity funding, has filed for an IPO in Hong Kong.
PE-backed GR Infraprojects files for India IPO
Indian road and highway developer GR Infraprojects has filed for an IPO that will see Motilal Oswal Private Equity (MOPE) exit the bulk of its stake.
PE-backed STX Entertainment files for Hong Kong IPO
STX Entertainment, a film and TV studio that claims to bridge the US and Chinese markets, has filed for an IPO in Hong Kong. The company’s investors include Hony Capital and TPG Capital’s growth arm.
GIP to buy IDFC's India infrastructure business
Global Infrastructure Partners (GIP) has agreed to buy the infrastructure business of IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group.
PE-backed Vietnamese lender completes $992m IPO
Vietnam Technological & Commercial Joint Stock Bank (Techcombank, TCB), a private-sector lender backed by Warburg Pincus, has raised VND21 trillion ($922 million) in the country’s biggest IPO to date.
Affinity-backed Tegel gets $310m buyout offer
Tegel Group, a poultry producer in which Affinity Equity Partners is the largest shareholder, has received a privatization offer from Philippines-based Bounty Fresh Foods that values the business at approximately NZ$438 million ($310 million).
India's PE-backed Bharti, Indus to merge
Indus Towers, an Indian telecom tower network backed by Providence Equity Partners, will merge with domestic rival Bharti Infratel, whose investors include KKR and the Canada Pension Plan Investment Board (CPPIB).
Ping An online healthcare business targets $1.1b in HK IPO
Ping An Healthcare & Technology - the PE-backed business that runs the healthcare-focused mobile app known as Ping An Good Doctor in China - is looking to raise up to HK$8.77 billion ($1.1 billion) in its Hong Kong IPO.
Hong Kong to accept New Third Board companies
Chinese companies listed on the National Equities Exchange & Quotation (NEEQ) – a market aimed at smaller, less proven companies and qualified investors – will be encouraged to go public in Hong Kong.
India's Fortis weighs competing buyout offers
Indian healthcare service provider Fortis Healthcare (FHL) has formed a panel to evaluate several competing investment offers, including bids of INR61 billion ($933 million) from TPG Capital-backed Manipal Hospital Enterprises (MHEPL) and INR101 billion...
TR Capital completes two India direct secondary deals
TR Capital has completed secondary direct investments in two India-based businesses, microfinance specialist Arohan Financial Services and eyewear chain Lenskart Solutions.
Indonesia tech IPOs: Fringe benefits
The Indonesia Stock Exchange has seen the first IPOs of domestic tech start-ups in Kioson and M Cash. The appeal of these listings may lie chiefly on the non-financial side
India's Reliance to acquire VC-backed Embibe
Indian conglomerate Reliance Industries has agreed to invest up to $180 million for a 73% stake in Embibe, a domestic educational technology start-up backed by Kalaari Capital and Lightbox Ventures.
WeWork buys PE-backed Naked Hub in Asia expansion drive
US-based co-working space operator WeWork has acquired industry peer Naked Hub, which is backed by Hong Kong-based Gaw Capital Partners, as part of a continued expansion in China and Southeast Asia.
TPG, Manipal sweeten deal for Fortis' India hospital business
Manipal Hospital Enterprises (MHEPL), an Indian hospital chain backed by TPG Capital, has submitted a revised buyout offer of INR61 billion ($933 million) for the hospital business of domestic rival Fortis Healthcare (FHL).
VC-backed YY spin-out Huya files for US IPO
Huya, a Chinese game broadcasting business that spun out from social networking platform YY and raised capital from Tencent Holdings and several VC investors, has filed for an IPO in the US.
Deal focus: Meituan makes a strategic move with Mobike
Meituan-Dianping's acquisition of Mobike means stellar returns for some of the early investors in the Chinese company - and more layers of intrigue in the competitive dynamic between Alibaba Group and Tencent Holdings
1Q analysis: The inevitable slow start
Traditional buyouts slip into the shade, allowing education and technology to shine; China IPOs and secondary buyouts stay strong in a weak exit market; fundraising suffers an early-year blip
Deal focus: CHAMP wine exit seen as the toast of Australia
CHAMP Private Equity took two divisions of Constellation Brands and turned them into a diversified portfolio of premium wine brands. It has secured a more than 5x money multiple for its efforts
Everstone-backed Crystal files for India IPO
Crystal Crop Protection, an India-based agricultural chemicals producer, has filed for an IPO that will provide an exit for its private equity backer Everstone Capital.
China's PE-backed Liepin files for Hong Kong IPO
Wise Talent Information Technology, a PE-backed company that operates Chinese online recruitment services platform Leipin, has filed for a Hong Kong IPO.
Dymon exits Southeast Asia engineering services business
Dymon Asia Private Equity has exited Wah Loon Engineering, which provides engineering services for air conditioning, ventilation, fire protection and electrical systems in Singapore and Malaysia, to France-based Vinci Energies.