Exits
Deal focus: PE proves the right fit for fintech
Creador has exited its stake in Malaysian financial technology company GHL Group to Actis after scanning a field of strategics and deciding PE was the best backer for the sector
FountainVest, CMC complete exit from IMAX China
FountainVest Partners and CMC Capital Partners have completed their exit from movie theater operator IMAX China, selling their last holding for an estimated HK$836 million ($108 million).
Deal focus: True North keeps healthcare ball rolling
Having turned down Kerala Institute of Medical Sciences once due to potential conflicts of interest, True North moved quickly to deploy $200 million when presented with a second opportunity to invest in the hospital chain
Deal focus: KKR returns to Masan, PENM exits
KKR will team up with Vietnam's Masan Group for a second time, committing $250 million to the parent and its meat industry subsidiary. The GP's entry facilitates a partial exit for long-standing investor PENM Partners
China outbound M&A: The smarter money
Despite regulatory curbs on Chinese outbound investment, companies are still interested in M&A opportunities – and they are pursuing less high-profile assets with greater sophistication
Grab buys VC-backed Indonesian e-commerce player Kudo
Southeast Asian ride-hailing app operator Grab has agreed to acquire Kudo, an Indonesian online-to-offline (O2O) e-commerce start-up backed by a number of venture capital firms.
KKR commits $250 million to second Vietnam consumer play
KKR has entered into a second partnership with Masan Group – just over a year after exiting the first with a more than 2x return – through a $250 million commitment to the Vietnamese conglomerate and its branded meat subsidiary.
US PE firm sells Reliance Home Comfort to HK tycoon Li Ka-Shing
US-based PE firm Alinda Capital Partners has agreed to sell Canadian heating, ventilation and air conditioning (HVAC) firm Reliance Home Comfort to Hong Kong tycoon Li Ka-Shing’s Cheung Kong Property Holdings (CKP) for C$2.8 billion ($2.1 billion).
Apax commits $388m to Guotai Junan's Hong Kong IPO
Apax Partners has agreed to invest $388 million in Guotai Junan Securities as the largest cornerstone investor in the Chinese brokerage’s HK$16.5 billion ($2.1 billion) Hong Kong IPO.
True North invests $200m in India hospital chain
Indian private equity firm True North - formerly known as India Value Fund Advisors (IVFA) - has invested $200 million in domestic hospital chain Kerala Institute of Medical Sciences (KIMS).
Bain makes another partial exit from Japan's Skylark
Bain Capital Private Equity has sold nearly one third of its remaining stake in Japanese restaurant operator Skylark, generating proceeds of JPY34.9 billion ($314 million).
Blackstone sells SeaWorld stake to Chinese trade buyer
The Blackstone Group has agreed to exit theme park operator SeaWorld by selling a 21% stake to Zhonghong Zhuoye Group – a Chinese real estate developer with an interest in leisure and tourism – for about $449 million.
IFC-backed Minsheng Education gains after Hong Kong IPO
China’s Minsheng Education Group closed up 9.4% on its first day of trading in Hong Kong, following a HK$1.38 billion ($177 million) IPO in which the International Finance Corporation (IFC) participated as a cornerstone investor.
Aion acquires India's PlanetCast, Kubera exits
Aion Capital Partners, a special situations joint venture between Apollo Global Management and ICICI Venture, has bought a controlling stake in Indian broadcast technology services provider PlanetCast Media Services from investors including PE firm Kubera...
Alibaba assumes control of VC-backed online ticket platform
Alibaba Group has taken full ownership of Damai.cn, a leading Chinese online ticketing platform that previously raised funding from VC investors.
Deal focus: TPG makes surprise trade sale
Secrecy was paramount as TPG Capital abandoned plans to list Australia's Alinta Energy in favor of negotiating a $3.1 billion trade sale to Hong Kong-based Chow Tai Fook Enterprises
Kubera Partners exits India's Planetcast
New York and Mumbai-based private equity firm Kubera Partners has agreed to sell its 28% stake in India’s Planetcast Media Services through a secondary transaction with an undisclosed PE buyer.
Everstone, Mayfield, others part exit India's SLCM
Everstone Capital, Mayfield Advisors, Nexus Venture Partners and ICICI Bank have part exited their stakes in Indian agricultural logistics and financing firm Sohan Lal Commodity Management (SLCM).
Chow Tai Fook to buy Australia's Alinta from TPG
Hong Kong's Chow Tai Fook Enterprises (CTFE) has agreed to buy Australian power utility Alinta Energy, providing an exit for TPG Capital.
Actis part exits India's IDFC for $17m
Actis Capital has exited most of its stake in Indian infrastructure finance lender Infrastructure Development Finance Company (IDFC) for INR1.1 billion ($16.9 million).
Euronet challenges Alibaba's acquisition of PE-backed MoneyGram
US payment services company Euronet Worldwide has extended a buyout offer worth about $2 billion for NASDAQ-listed MoneyGram, contesting a bid made earlier this year by Alibaba Group’s PE-backed affiliate Ant Financial. The pending sale will provide an...
Carlyle exits India's Edelweiss for $131m
The Carlyle Group has fully exited its stake in India’s Edelweiss Financial Services for INR8.7 billion ($131 million) in an open market transaction.
Reliance Capital exits Paytm stake to Alibaba for $41m
Reliance Capital has exited part of its stake in Indian e-commerce and mobile payments start-up Paytm to China's Alibaba Group for INR2.8 billion ($41.3 million).
Khazanah-backed fund part exits India's Apollo Hospitals for $160m
Integrated Healthcare Holdings (IHH), which is majority-owned by Malaysian sovereign wealth fund Khazanah Nasional, has sold part of its stake in India's Apollo Hospitals for INR10.7 billion ($160 million).