Exits
China's VC-backed 51 Credit Card files for HK IPO
Chinese online credit card management platform 51 Credit Card, which is backed by a handful of VC and strategic investors, has filed for a Hong Kong IPO.
KKR media platform invests $80m in Singapore's GSC
Emerald Media, a pan-Asian media and entertainment platform backed by KKR, has invested $80 million in Global Sports Commerce (GSC), a Singapore-based sports technology and management business that has worked with groups such as the English Premier League...
Providence to exit Indonesia telecom tower business
Providence Equity Partners is set to exit its last investment in Asia outside of India after Profesional Telekomunikasi Indonesia (Protelindo) agreed to buy Indonesian telecom tower platform Komet Infra Nusantara (KIN) for IDR1.4 trillion ($101 million).
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).
NIIF, DP World acquire India's PE-backed Continental
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
Carlyle exits Asia containership joint venture
The Carlyle Group has fully exited Greater China Intermodal Investments (GCI), its Asia-focused containership-building joint venture with US-based Seaspan Corporation.
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.
China's PE-backed Ucommune acquires domestic rival
Chinese PE-backed co-working space provider Ucommune, formerly known as UrWork, has acquired domestic industry peer Woo Space.
ChrysCapital invests $20m in India's Curatio
ChrysCapital has invested $20 million in Indian skin and hair products producer Curatio, providing a partial exit for its private equity backer Fulcrum Ventures.
Cathay Capital, OrbiMed sell Echosens stakes to Astorg
Cathay Capital Private Equity and OrbiMed have exited Echosens, a France-based medical diagnostic equipment company owned by China’s Inner Mongolia FuRui Medical Science, to European PE firm Astorg.
Hong Kong IPOs: Open season
Hong Kong is proposing to loosen its listing requirements - with a view to attracting Chinese technology IPOs - in a measured way. However, changes of such significance are rarely implemented smoothly
CSRC eases rules for VC firms to exit start-ups
Shares held by venture capital investors will be subject to a shorter lock-up period after their portfolio companies list on Chinese stock exchanges in a move designed to encourage long-term investment.
China video-streaming player Bilibili files for US IPO
Bilibili, a China-based video-streaming platform backed by a handful of PE and strategic investors, has filed for an US IPO.
TA-backed TCNS files for India IPO
Indian women’s apparel retailer TCNS Clothing has filed for an IPO that will provide a partial exit for private equity investor TA Associates.
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.
Cerberus buys Bluestone’s Australasia operations
Cerberus Capital Management has agreed to acquire the Australasian division of international financial services company Bluestone Group in an all-cash transaction. It will facilitate an exit for a PE unit of Lloyds Bank.
Tokio Marine exits Japanese machinery parts maker
Tokio Marine Capital has agreed to sell its entire stake in Tonichi Kosan, a Japanese manufacturer of parts used in construction and agricultural machinery, to machinery wholesaler Wakita & Co.
Primavera-backed Chinese education player targets US IPO
Sunlands Online Education Group, a post-secondary and professional education services business backed by Primavera Capital, has filed for a US IPO.
KKR part exits India's Coffee Day for $63m
KKR has sold the majority of its stake in Indian coffee shop and restaurant chain Coffee Day Enterprises for INR4.1 billion ($62.6 million).
Chinese dating app Momo buys VC-backed Tantan
Chinese mobile dating app operator Momo, which has been listed on NASDAQ since 2014, has agreed to buy 100% of VC-backed industry peer Tantan in a cash and stock deal.
Cathay Capital to acquire German auto parts supplier
Cathay Capital Private Equity, a cross-border PE firm focusing on China, Europe and the US, has agreed to acquire a majority stake in German auto-parts maker E. Winkemann from Equistone Partners Europe.
Japan's Ezaki Glico buys chocolate company from US GP
Ezaki Glico, a Japanese food company that markets a number of branded snack products, has acquired a majority stake in chocolate maker TCHO from US growth and venture capital firm Emil Capital Partners.
China’s Toutiao acquires VC-backed selfie app Faceu
Chinese private equity-backed online content platform Toutiao has acquired Faceu, a camera app that has received funding from IDG Capital and Lightspeed China Partners.