Exits
Yum China to acquire PE-backed delivery firm Daojia
Yum China Holdings, which operates KFC, Pizza Hut and Taco Bell in the country, has agreed to buy Daojia, a local online food-ordering platform backed by several private equity investors.
Vietnam investment: Familiar faces
Regional private equity firms are refocusing on Vietnam, widening the exit options for local GPs that specialize in bringing companies to scale. But sizeable deals are scarce and valuations are rising
IFC to exit India's Max Healthcare for $66m
The International Finance Corporation (IFC), the investment arm of the World Bank, will exit its entire stake in Indian hospital chain Max Healthcare for INR4.2 billion ($65.6 million).
KKR completes exit from China's Rundong Auto with $51m sale
KKR has fully exited its remaining 11.8% stake in car dealership China Rundong Auto Group for HK$395 million ($50.7 million), ending a seven-year association that included an IPO in Hong Kong in 2014.
Deal focus: Proterra milks India's dairy industry
Proterra Investment Partners has more than doubled its money on Dodla Dairy following a four-year holding period in which the company boosted production of quality milk to meet growing demand from Indian consumers
Hong Kong's AID Partners buys Israel's GeneSort
Hong Kong-listed private equity firm AID Partners has acquired Israel-based molecular diagnostics company GeneSort for $23 million.
India's VC-backed Matrimony files for IPO
Indian online matchmaking services provider Matrimony.com has filed for an IPO that will provide exits for VC investors Mayfield India and Bessemer Venture Partners.
India's Quikr acquires VC-backed Zimmber
Indian classifieds site Quikr has acquired Zimmber, a provider of household services backed by several VC investors.
Japan's Orix to acquire 22% of PE-backed Ormat
Japanese financial services group Orix Corp. has agreed to buy a 22.1% stake in Israeli geothermal energy producer Ormat Technologies for $627 million from an investor group led by PE firm FIMI Opportunity Funds.
DBAG sells Romaco Group to Chinese strategic
German PE firm Deutsche Beteiligungs AG (DBAG) has agree to sell its entire stake in packaging and processing technology specialist Romaco Group to China-based mechanical engineering company Truking Group.
TPG to invest $50m in India's Dodla Dairy, Proterra to exit
TPG Capital’s growth investment arm has agreed to pay $50 million for a significant minority stake in Indian dairy firm Dodla Dairy. AVCJ understands the deal will provide a full exit for Proterra Investment Partners.
VC-backed China Rapid Finance raises $60m in US IPO
China Rapid Finance (CRF), a VC-backed peer-to-peer (P2P) lending platform, is trading up 32% on its IPO price following an offering on the New York Stock Exchange that raised $60 million.
Alternative exits: Tricks of the trade
Trade sales can provide investors in underperforming companies with an opportunity to reshape their investments, but they must be willing to let go of previous expectations and show flexibility
HQ exits vehicle parts supplier to Japan's Hitachi Chemical
HQ Equita, a Germany-based mid-market buyout firm controlled by HQ Capital, has agreed the sale of transportation industry supplier Isolite to Japan’s Hitachi Chemical.
KV Asia exits Singapore nursing home business
KV Asia Capital has exited its 100% interest in Singaporean nursing home services provider Orange Valley Healthcare to a local media company for about S$164 million ($117.5 million).
CITIC Capital to exit Japanese chemicals manufacturer
CITIC Capital has agreed to exit 100% of Japanese chemicals manufacturer Polymatech to two domestic strategics.
MBK-owned ING Life to raise $972m in Korea IPO
MBK Partners will make a partial exit from ING Life Korea as the insurer raises KRW1.1 billion ($972 million) in its domestic IPO.
KKR exits India's Dalmia Bharat for $238m
KKR has sold its entire stake in Indian conglomerate Dalmia Bharat (DBL) for INR15.3 billion ($238 million).
Creador exits India's Somany Ceramics for $50m
South and Southeast Asia-focused mid-market GP Creador has fully exited its investment in Indian tile maker Somany Ceramics for INR3.26 billion ($50.4 million).
India's PE-backed Capacite files for $62m IPO
Capacite Infraprojects, an Indian construction firm backed by Paragon Partners and NewQuest Capital Partners, has filed for a INR4 billion ($62 million) IPO.
Baring Asia to exit Weetabix as Bright Food agrees $1.76b sale
Baring Private Equity Asia will exit Weetabix after China’s Bright Food Group agreed to end its four-year ownership of the UK-based cereals producer through a trade sale that values the business at GBP1.4 billion ($1.76 billion) on a cash free, debt free...
Ant Financial raises offer for PE-backed MoneyGram
Alibaba Group's Ant Financial has raised its takeover bid for US-listed financial services company MoneyGram, topping a competing offer made by US-based Euronet Worldwide last month. The sale will provide an exit for Thomas H. Lee Partners (THL).
Japan's Kobe Steel buys Quintus from Milestone
US private equity firm Milestone Partners has exited its controlling stake in Sweden and US-based industrial equipment company Quintus Technologies to Japan’s Kobe Steel.
1Q analysis: Whale watching
KKR’s first close dominates fundraising activity, but mid-market showing still impresses; Japan leads the way as Asia exits remain reasonably strong; investment slows, if China state-backed deals are ignored