Exits
TPG exits Myanmar Distillery
TPG Capital has sold its stake in Myanmar Distillery Company (MDC), the producer of Grand Royal Whisky, as a Thailand-based strategic acquired a majority interest in the business.
China's Heilan Home to acquire stake in Lunar-owned Yeehoo
Shanghai-listed clothing company Heilan Home has agreed to acquire a 44% stake in China babywear company Yeehoo Apparel, which is controlled by Lunar Capital, for RMB660 million ($99.6 million).
China M&A: Exit options
The growth in outbound M&A among Chinese investors has created significant exit opportunities for PE investors
Reliance Insurance files for India IPO
Reliance General Insurance, the insurance arm of India’s Reliance Capital, has filed for an IPO that will provide a partial exit for its parent.
Singapore's Sea to raise up to $800m in US IPO
Singapore-headquartered mobile internet and gaming platform Sea aims to raise up to $800 million in its upcoming IPO on the New York Stock Exchange.
India's Zee entertainment to buy PE-backed 9X Media
Zee Entertainment Enterprises, a media and entertainment company based in India, has agreed to acquire 9X Media, an Indian media firm backed by New Silk Route Partners (NSR).
Japan's Advantage exits telemarketing business
Advantage Partners has agreed to sell Customer Relation Telemarketing (CRTM), a call center business it acquired three years ago, to fellow Japanese private equity firm Integral Corporation.
Indonesia sees first local listing by e-commerce start-up
Online-to-offline (O2O) e-commerce business Kioson has become the first start-up to list on the Indonesia Stock Exchange following a IDR45 billion ($3.4 million) IPO.
Japan secondary buyouts: Hand to hand
A series of recent lucrative exits by Japanese GPs have shown that secondary buyouts in the country can deliver
Mekong completes exit from Vietnam's Loc Troi
Mekong Capital has completed its exit from Vietnamese agribusiness player Loc Troi, for a total return of more than $12 million.
PE-backed Amber Enterprises files for India IPO
Amber Enterprises, an India-based air conditioner manufacturer backed by ADV Partners, has filed for an IPO to raise INR5.6 billion ($84.8 million).
Noah to buy back Sequoia's stake in asset management unit
Chinese wealth management firm Noah Holdings has agreed to repurchase Sequoia Capital China’s stake in its asset management unit – Gopher Asset Management - following difficulty in winning approval for the investment.
Baring-owned CMS files for India IPO
CMS Info Systems, an Indian financial management service provider owned by Baring Private Equity Asia, has filed for an IPO that will see the PE firm make a partial exit.
Permira to complete exit from Japan's Sushiro with 2.9x return
Permira will realize a gross multiple of 2.9x on its investment in Sushiro Global Holdings – the sushi restaurant chain it took public in Tokyo earlier this year – having agreed to sell its remaining stake to the parent company of Genki Sushi.
PE-backed Zhong An climbs 9.2% on Hong Kong debut
Zhong An Insurance, a Chinese online-only insurance business backed by Alibaba Group, Tencent Holdings and Ping An Insurance as well as several PE investors, gained 9.2% on its trading debut in Hong Kong.
India's VC-backed Newgen files for IPO
India-based business management services provider Newgen Software Technologies has filed for an IPO that will provide exits for Ascent Capital, IDG Ventures India and SAP Ventures.
India's HomeShop18 to buy Providence-backed Shop CJ
Shop CJ Network, an Indian home-shopping channel in which Providence Equity Partners holds a 50% interest, will be acquired by industry peer HomeShop18.
Deal focus: Advantage kneads 12x return
Advantage Partners has sold Japanese massage chain Riraku back to one of the company's co-founders at a valuation of $300 million, having successfully executed its expansion strategy
Ascendent-backed RYB Education gains 40% on US debut
Chinese kindergarten operator RYB Education closed up 40% on its first day of trading in New York following a $144.3 million IPO. Ascendent Capital Partners made a partial exit through the offering.
Advantage exits Japan massage chain in $300m sale
Advantage Partners has sold its majority stake in Japanese massage chain operator Riraku at a valuation of approximately $300 million, securing a 12x money multiple.
Bain, Goldman agree $2.7b exit from Carver Korea
Bain Capital Private Equity and Goldman Sachs have agreed to sell their majority stake in Carver Korea, a specialist cosmetics supplier, to Unilever in a deal worth EUR2.27 billion ($2.7 billion).
Singapore's Sea files for US IPO
Sea, the Singapore-headquartered mobile internet and gaming platform formerly known as Garena, has filed to list on the New York Stock Exchange.
Bain's China education business set for NASDAQ IPO
Bain Capital Private Equity-owned Rise Education, a China-based company that provides after-school English teaching and tutoring services, has filed to list on NASDAQ.
Ironbridge makes partial exit from Australia's Bravura
Ironbridge Capital has made a partial exit from Bravura Solutions, the Australia-based financial services administrator that raised A$148 million ($118 million) through a domestic IPO last November.