Exits
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)....
Apax in $102m partial exit from India's Cholamandalam
Apax Partners has made a partial exit from Indian non-banking finance company (NBFC) Cholamandalam Investment & Finance, generating proceeds of $102 million.
CLSA-backed BayCurrent lists in Tokyo
CLSA Capital Partners (CLSA CP) has made a partial exit from BayCurrent Consulting as the company raised JPY28.3 billion ($272 million) through an IPO on the Tokyo Stock Exchange.
Australia's Crescent exits Breezway to US trade buyer
Crescent Capital Partners sold Breezway, an Australian manufacturer of louvre windows for residential and commercial buildings, to US-based industry counterpart Jeld-Wen Holding.
Blackstone ups stake in India's Mphasis to 60%
The Blackstone Group has completed its purchase of Indian IT services provider Mphasis from Hewlett Packard, raising its stake in the company to 60% for a total payment of about $825 million.
NewQuest buys BPO asset from Ayala, Actis
Direct secondaries specialist NewQuest Capital Partners has acquired business process outsourcing (BPO) company Integreon from Philippines conglomerate Ayala Corporation and Actis Capital.
VC-backed Berry Genomics to list in Shenzhen via reverse merger
Berry Genomics, a Chinese genetic test developer backed by Qiming Venture Partners and Legend Capital, is looking to list in Shenzhen through a reverse merger.
Carlyle exits Australia's Qube Logistics
The Carlyle Group has fully exited its remaining stake in Australian ports operator Qube Logistics for a reported A$350 million ($263 million).
Deal focus: Navis leaves its mark on auto services
Navis Capital Partners has completed the second part of its exit from Australia's WorldMark Group, generating proceeds of $300 million across both transactions. For one executive, it marks the end of near 20-year journey
China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
Navis exits Australia's Worldmark to Quadrant
Navis Capital Partners will complete its exit from WorldMark Group after agreeing to sell the Australia-based after-market car services provider to Quadrant Private Equity. Following the earlier sale of WorldMark’s consulting business, total proceeds...
CDH raises $1.2b via sell down of China-based WH Group
CDH Investments, the largest PE shareholder in WH Group, will raise HK$9.25 billion ($1.19 billion) by exiting a 10.6% stake in the Chinese pork processor.
Korea exits: Seller central
Foreign buyers and restless chaebols could help deliver more exit opportunities for private equity firms in Korea – provided it is the right asset, at the right price, at the right time
India's PE-backed Laurus Labs file for IPO
Indian pharmaceutical products developer Laurus Labs has filed for a domestic IPO, offering a partial exit for backers Warburg Pincus and Eight Roads Ventures.
VC-backed app developer Meitu files for Hong Kong IPO
Chinese mobile internet company and photo app provider Meitu has filed for a Hong Kong IPO, offering potential exits to investors including IDG Capital Partners and Qiming Venture Partners.
Malaysia's Ekuinas sells 20% stake in Alliance Cosmetics to Navis
Navis Capital Partners has paid MYR61.8 million ($15.3 million) to Malaysian government-backed PE firm Ekuinas for a 20% stake in local cosmetics brand Alliance Cosmetics Group.
Temasek in $1.8b exit from India's Bharti, Thailand's Intouch
Singapore's Temasek Holdings has exited its stakes in Bharti Airtel and Intouch, telecommunications service providers based in India and Thailand respectively, to Singapore Telecommunications (SingTel) for a total of S$2.5 billion ($1.8 billion).