Exits
SBCVC-backed data center business files for US IPO
China-based data center provider GDS Holdings, in which SBCVC and Ping An Insurance are minority shareholders, has filed for a NASDAQ IPO.
IFC commits $11m to Indonesian gas producer's IPO
The International Finance Corporation (IFC) has invested $11 million in Indonesia-based Aneka Gas Industri as part of the gas production company’s domestic IPO.
Baring Asia assumes control of fashion label Cath Kidston
Baring Private Equity Asia has acquired TA Associates’ remaining stake in Cath Kidston, taking control of the UK lifestyle retailer.
PE-backed ZTO Express files for US IPO
China-based logistics operator ZTO Express has filed for an IPO in the US. Sequoia Capital and Warburg Pincus are the most significant private equity backers with stakes of 7.2% and 6.1%, respectively.
PE-backed Continental Warehousing files for India IPO
Indian logistics provider Continental Warehousing has filed for a domestic IPO, setting up The Abraaj Group for a full exit. Warburg Pincus is expected to make a partial exit.
PE investors set for partial exits in Genesis Colors' India IPO
Indian fashion brand manufacturer and distributor Genesis Colors has filed an IPO that will provide a partial exit for private equity backers including Henderson Equity Partners, Mayfield India and InnoVen Capital.
Glenwood, NH agree $561m sale of Korea's Tongyang Magic
Glenwood Private Equity and NH Private Equity have agreed to sell Korean consumer appliances manufacturer Tongyang Magic to SK Networks for KRW619 billion ($561 million).
Quadrant continues roll-up strategy with Fitness First acquisition
Quadrant Private Equity has announced its third fitness club acquisition in Australia, with an agreement to buy market leader Fitness First from Oaktree Capital Management.
CDH to make partial exit through Baroque Japan IPO
Baroque Japan, an apparel business majority-owned by CDH Investments and Chinese women’s shoe retailer Belle International, is seeking to raise around JPY30.86 billion ($307 million) through a Tokyo IPO.
India's SIS files for IPO, CX set for partial exit
CX Partners is on course to make a partial exit from India-based Security & Intelligence Services (SIS) as part of the company’s domestic IPO.
Thailand e-commerce platform secures Series B
German internet conglomerate Hubert Burda Media (HBM) has acquired a $24.9% stake in Thailand e-commerce company Priceza from Japan's CyberAgent Ventures as part of a Series B funding round.
SK Networks named preferred bidder for PE-owned Tongyang Magic
SK Networks is on pole position to acquire Tongyang Magic, a Korean consumer appliances manufacturer owned by Glenwood Private Equity and NH Private Equity, after being named preferred bidder.
iSigma exits Japanese auto parts maker for $99m
ISigma, a mid-size buyout firm controlled by Japanese trading and investment conglomerate Marubeni, has agreed to sell domestic automotive industry supplier Iino Manufacturing for JPY10 billion ($99.4 million).
Meituan-Dianping acquires VC-backed Chinese payment player
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has agreed to acquire Qiandaibao, a VC-backed point-of-sales (POS) mobile payment start-up.
Asia-IO, Redview buy Source Photonics from US GP
Asia-IO Advisors – a PE firm set up by Denis Tse, formerly of Lockheed Martin Investment Management, and Michael Prahl, a professor at business school INSEAD – has teamed up with New Horizon Capital spin-out Redview Capital to buy US communications technology...
Direct Capital to exit New Zealand King Salmon
Direct Capital will exit the bulk of its holding in New Zealand King Salmon as the seafood company seeks to raise up to NZ$77.5 million ($56.4 million) through a domestic and Australian IPO.
CVC to buy Korean courier Logen from Baring Asia
CVC Capital Partners has agreed to buy Logen, South Korea’s leading courier company focused on small to mid-volume customers, from Baring Private Equity Asia.
Deal focus: Allegro gets GSR back on track
Turnaround specialist Allegro sees opportunity in luxury tourist transportation venture
Taiwan regulator postpones decision on CNS deal
The Taiwan government has declined to approve the acquisition of cable television provider China Network Systems (CNS) by Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications, asking the National Communications Commission (NCC)...
India's VC-backed Citrus Pay sold to Netherlands strategic
Citrus Pay, an India-based online and mobile payment solutions developer backed by Sequoia Capital, Ascent Capital and Beenos, has been acquired by Netherlands-based rival PayU.
Quadrant buys Australia's Great Southern Rail from Allegro
Australia’s Allegro Funds is set for a first exit from its second fund – which closed at A$180 million ($139 million) in June of last year – having agreed to sell a majority stake in Great Southern Rail (GSR) to Quadrant Private Equity.
India's Quikr buys VC-backed StayGlad
Indian classifieds site Quikr has bought StayGlad, an online marketplace for beauty services backed by Bessemer Venture Partners.
MBK shelves plan to exit Korea's Coway
MBK Partners has suspended plans to sell its holding in listed South Korean water purifier business Coway because the stock is thought to be undervalued.
PEP fully exits Australia-listed Link Group
Pacific Equity Partners (PEP) has completed its exit from Link Group, selling its stake in the Australian financial data and fund administration services provider alongside several other shareholders in a deal said to be worth A$872.3 million ($670 million)....