Exits
VC-backed Taiwan drug maker files for US IPO
Taiwan Liposome, a venture capital-backed manufacturer of pain medication and treatments for eye conditions, has filed for a NASDAQ IPO.
CHAMP Ventures-owned Macpac set for $107m trade sale
Australia-listed Super Retail Group has agreed to buy 100% of Macpac, a New Zealand-headquartered outdoor apparel and equipment supplier owned by CHAMP Ventures, for NZ$144 million ($107 million).
PE-backed NBFC Indostar files for India IPO
Indostar Capital Finance (ICF), an Indian non-banking finance company (NBFC) backed by Everstone Capital and other PE investors, has filed for an IPO.
New Zealand PE: Hidden gem
Private equity is taking a bigger piece of New Zealand’s small economic pie. Investors must act opportunistically to exploit substantial potential in an inconspicuous but engaging middle market
VC-backed Chinese wearables maker seals $110m US IPO
Huami, a Chinese wearables manufacturer that has a strategic relationship with smart phone maker Xiaomi and several venture capital backers, has raised $110 million in its US IPO.
Lakeshore invests in Thai wellness brand
Lakeshore Capital has invested an undisclosed amount in Thailand-based personal care brand Panpuri.
Thoma Bravo to buy Australian software player Nintex
Nintex, a workflow management software provider founded in Australia but now with a global footprint, has agreed to sell a majority stake to US-based middle market GP Thoma Bravo.
Deal focus: Navis thinks long, goes fast with MFS
Navis Capital Partners sees MFS Technology - the first exit from its seventh fund - as the initial manifestation of a strategy that takes a long-term view on a target industry's development but focuses on rapid implementation of value creation plans
Allergan to acquire Australia's VC-backed Elastagen
Allergan, a US-listed pharmaceutical company and the owner of Botox cosmetic injectable products, has agreed to acquire Elastagen, an Australian skin treatment developer backed by a number of VCs, in a deal worth up to $260 million.
ChrysCapital exits US-based LiquidHub to Capgemini
French IT services company Capgemini has acquired US-based customer engagement firm LiquidHub, providing an exit for Indian private equity firm ChrysCapital.
Quadria-backed Capricorn files for India IPO
India-based food processing company Capricorn Food Products has filed for an IPO that will provide a partial exit for private equity backer Quadria Capital.
Deal focus: ACE secures industry 4.0 buyout
ACE Equity Partners buys control of Woojin Electric Machinery from SkyLake Investment for $200 million with a view to launching a China expansion strategy
VC holding periods: Delayed gratification
The traditional IPO exit timeline for early-stage investors is being pushed out as technology companies raise additional private funding rounds. A more thoughtful approach to securing liquidity is often required
Secondary buyouts: Second time lucky?
PE secondary buyouts are becoming more accepted in Asia as GPs increasingly look to other fund managers for exit opportunities
Westbridge-backed Nazara files for India IPO
Indian mobile game platform Nazara Technologies has filed for an IPO that will provide an exit to its private equity backer WestBridge Capital Partners.
Navis to exit Singapore's MFS Technology with 3x return
Navis Capital Partners has agreed to exit its controlling position in Singapore-based circuit board maker MFS Technology. The GP will generate a 3x money multiple and an IRR of more than 40% on the investment.
Ping An healthcare app files for Hong Kong 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 seeking a separate listing in Hong Kong from its parent company Ping An Insurance.
SCPE exits India power business via buyback
Standard Chartered Private Equity (SCPE) has sold its stake in Sterlite Power, the power grid subsidiary of Sterlite Technologies, an India-listed transmission solutions provider for the telecom and power industries, via a buyback.
COPE exits Malaysia-based Serba Dinamik with 8.9x return
COPE Private Equity, previously known as CMS Opus Private Equity, has completed its exit from Malaysian oil and gas services provider Serba Dinamik Holdings with a gross 8.9x money multiple and a 79.2% IRR.
Mekong secures final exit from Vietnam's Mobile World
Mekong Capital has ended its more than 10-year association with Vietnamese mobile phone retailer Mobile World, completing the last of multiple partial exits to secure an overall return on its investment of 57x.
Permira to buy Australia's I-Med from EQT
Permira is set to make its first investment in Australia after reaching an agreement with EQT Partners to acquire I-Med Radiology Network.
PremjiInvest leads $48m round for India's Shubham
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has led a INR3.1 billion ($48 million) funding round for Indian mortgage lender Shubham Housing Development Finance, providing an exit for Accion International and Saama Capital.
Affinity buys Trimco from Partners Group for $520m
Affinity Equity Partners has bought Hong Kong-based garment label manufacturer Trimco from Partners Group for $520 million.
Baring Asia sells Singapore education business to ICG
Baring Private Equity Asia has exited its 100% stake in Singaporean tertiary education institution PSB Academy to Intermediate Capital Group (ICG) for an undisclosed sum.