Exits
2016 in review: Uncertainty reigns
Infrastructure and late-stage technology among the few investment bright spots; renminbi vehicles dominate the fundraising landscape; public market instability undermines exit plans
Two Korean strategics confirm bids for PE-owned Daesung
South Korean conglomerates Hyosung Corporation and SK Group have both entered the bidding for Daesung Industrial Gases, an industrial gas maker controlled by a Goldman Sachs-led consortium.
Rocket Internet sells Foodpanda to Delivery Hero
Germany-based start-up developer Rocket Internet has sold its entire stake in emerging markets-focused food delivery app Foodpanda to the company's main global competitor, Delivery Hero.
Japan's Polaris agrees sale of SWP to Isetan Mitsukoshi
Polaris Capital has agreed to sell SWP Holdings, a Japanese salon and sports club operator it acquired in 2013, to department store group Isetan Mitsukoshi Holdings (IMH) for an undisclosed sum.
KDDI to buy Biglobe from Japan Industrial Partners
Japan Industrial Partners (JIP) has agreed to sell Japanese internet service provider Biglobe to KDDI Group for approximately JPY80 billion ($699 million), nearly three years after it carved out the asset from NEC.
IVFA makes partial exit from India's Syngene
India Value Fund Advisors (IVFA) has made a partial exit from India-listed pharmaceuticals company Syngene International, selling an approximately 1.6% holding for INR1.9 billion ($27.7 million).
India exits: Diamonds in the rough
Exit opportunities are available for savvy investors in India, and market professionals say prospects are good in the long term. But GPs are likely to continue to find the near future difficult
China’s Ctrip to acquire VC-backed UK travel site Skyscanner
China’s largest online travel site Ctrip.com has agreed to buy Skyscanner, an airfare comparison website backed by VC investors, in a deal valuing the UK-based company at approximately GBP1.4 billion ($1.74 billion).
Deal focus: Mitsui makes medical inroads
Having lost out to KKR when bidding for Panasonic Healthcare two years ago, Mitsui & Co. seized upon a second chance to get involved and offer the company access to its global network of medical assets
India's Quikr buys Sequoia, Kalaari-backed Grabhouse
Indian classifieds site Quikr has purchased Grabhouse, a rental property listing platform backed by Sequoia Capital and Kalaari Capital.
Thailand's Charoen Pokphand buys Bellisio from US GP
Thai agro-industrial giant Charoen Pokphand Foods (CPF) has acquired frozen meals specialist Bellisio from US private equity firm Centre Partners for $1.1 billion.
KKR sells stake in Japan's Panasonic Healthcare to Mitsui
KKR has sold a 22% stake in Panasonic Healthcare, a Japanese medical equipment manufacturer in which it acquired a majority interest in 2014, to Mitsui & Co. for JPY54.1 billion ($510 million).
CDH, CCB exit Chinese hospital operator to Taiking Insurance
CDH Investments and CCB International have sold their stakes in Harmonicare Medical Holdings, operator of 11 women and children’s hospitals in China, to Taikang Insurance Group for HK$815.2 million ($105.1 million).
Eight Roads backs India's IFMR Capital
Eight Roads Ventures India has invested $25 million in Indian non-banking finance company (NBFC) IFMR Capital.
PE-backed PNB Housing Finance gains on debut after $449m IPO
PNB Housing Finance, the mortgage lender subsidiary of India's state-run Punjab National Bank that is backed by The Carlyle Group, closed up 11.35% on its trading debut following a INR30 billion ($449 million) IPO.
China's Betta Pharma completes $106m domestic IPO
Betta Pharmaceuticals, a Chinese VC-backed drug developer backed by several venture investors, has completed a RMB720 million ($106 million) IPO on Shenzhen’s Growth Enterprise Market Board.
Australia's Wolseley exits maintenance firm to trade buyer
Wolseley Private Equity has agreed to sell its controlling stake in Australian building maintenance equipment company Facade Access to Swedish industrial sector supplier Alimak for A$120 million ($92.1 million).
TPG-owned Inghams scales back Australia IPO
Ingham’s Enterprises, an Australian poultry producer bought by TPG Capital three years ago, has scaled back its domestic IPO to a target of A$596.4 million ($457 million).
VC-backed GDS prices IPO below indicative range
GDS Holdings, a Chinese data center provider that counts SBCVC among its investors, raised $192.5 million in its US IPO after pricing the offering below the indicative range.
Alibaba-backed Lazada buys Singapore's RedMart
Lazada, a Southeast Asia-based e-commerce platform founded by Germany's Rocket Internet and recently acquired by Chinese e-commerce giant Alibaba Group, has bought Singapore-based online grocer RedMart.
Advent buys China mattress maker from CITIC Capital
Advent International has acquired a majority stake in Chinese mattress maker King Koil Shanghai Sleep System from CITIC Capital Partners for an undisclosed sum.
COFCO Meat completes $252m Hong Kong IPO
COFCO Meat, a subsidiary of Chinese agricultural conglomerate COFCO Group that received backing from four private equity firms in 2014, has raised HK$1.95 billion ($252 million) in its Hong Kong IPO, after pricing the offering at bottom of the indicative...
VC-backed Chinese snack maker targets $427m HK IPO
Zhou Hei Ya, a Chinese mass-market braised food producer backed by IDG Capital Partners and Tiantu Capital, is looking to raise up to HK$3.3 billion ($427 million) through a Hong Kong IPO.
Abraaj to exit Pakistani utility to Shanghai Electric for $1.77b
The Abraaj Group has agreed to sell a 66.4% stake in Pakistani utility K-Electric to Shanghai Electric Power (SEP), a subsidiary of China's State Power Investment Corporation, for $1.77 billion.