Exits
China's VC-backed Mobvista raises $80m after NEEQ listing
Mobvista, a Chinese mobile content distribution platform backed by several VC investors, has raised RMB522 million ($79.7 million) after listing on the National Equities Exchange and Quotation (NEEQ).
Hony, CIC among anchors for BOC Aviation IPO
Hony Capital and China Investment Corporation (CIC) are among the cornerstone investors for a HK$8.7 billion ($1.1 billion) Hong Kong IPO for Bank of China’s aircraft leasing business, BOC Aviation.
Fosun Pharma makes offer for India's KKR-backed Gland
Hong Kong-listed drug maker Fosun Pharmaceutical has made a non-binding proposal to acquire Gland Pharma, an Indian pharmaceutical developer backed by KKR.
China's Wanda Cinema to acquire PE-backed Wanda Media for $5.7b
Wanda Cinema Line, China’s largest cinema chain operator, plans to acquire its movie-making affiliate Wanda Media, which is backed by several PE investors, for RMB37.2 billion ($5.7 billion) in a cash and stock swap.
VC-backed China Online Education files for US IPO
China Online Education Group, operator of VC-backed English-learning mobile app 51Talk, has filed for a US IPO.
CDH makes partial exit from Hong Kong-listed Luye Pharma
CDH Investments has made another partial exit from China-based drug developer Luye Pharma, generating proceeds of between HK$709 million ($91.4 million) and HK$729 million.
China take-privates: Dangerous demand?
Once the preserve of private equity players, now investors of all kinds are lining up to participate in privatizations of US-listed Chinese firms, with a view to targeting the A-share market. Regulators are getting worried
IDG-backed Super Sports set for reverse merger in Hong Kong
Two funds managed by IDG Capital Partners will make partial exits from Super Sports Media – which holds the mainland China broadcast rights for English Premier League football matches – through a reverse merger with Hong Kong-listed comic book publisher...
Qihoo 360, CSRC speak out on backdoor listings
China's Qihoo 360 Technology, which is currently involved in a take-private deal worth $9.3 billion, has denied rumors that it held discussions with regulators over a potential domestic back-door listing.
India's Titan buys Tiger-backed Caratlane
Indian jeweler and watchmaker Titan has bought a majority stake in online jewelry retailer Caratlane, providing an exit for its backer Tiger Global Management.
CVC exits China education business EIC
CVC Capital Partners has sold its stake in Education International Corporation (EIC), a China-based business that helps students enroll in universities overseas, to a consortium that includes the company founder.
Affinity-owned Tegel gains on trading debut after $205m IPO
Shares in Affinity Equity Partners-owned Tegel Group Holdings closed up 5.2% on the first day of trading in New Zealand following the poultry producer’s NZ$298 million ($205 million) IPO. As of May 4, the company was trading at an 8% premium to the offering...
PE-backed Parag gets $52m anchor commitment for IPO
Parag Milk Foods has advanced its Indian IPO by attracting INR3.4 billion ($51.5 million) from anchor investors, including Asia-focused US private equity firm Indus Capital.
Chinese chemicals maker buys Tommee Tippee owner from 3i
Shanghai Jahwa United, a Chinese chemical products maker wholly owned by Ping An Insurance Group, has agreed to buy Mayborn Group – the UK-based manufacturer of Tommee Tippee baby bottles – from 3i Group.
India's Religare sells stake in Landmark Partners
Indian financial services provider Religare Enterprises has sold its stake in Landmark Partners, a US private equity firm specializing in secondary funds.
MSPEA nets 4.5x return on part-exit from Hong Kong's AMTD
Morgan Stanley Private Equity Asia (MSPEA) secured a 4.5x return on its partial exit from Hong Kong-based financial advisor AMTD when China Minsheng International and LR Capital Group took a majority interest in the business.
Navis exits India's Classic Stripes through promoter buyback
Navis Capital Partners has exited its controlling stake in India's Classic Stripes in a buyback led by the family of founder Kishore Musale, with the backing of KKR. The deal is said to be worth INR3.6 billion ($54 million).
The Growth Fund set for part-exit in Motorcycle Holdings IPO
Archer Growth – which is now known as The Growth Fund – is on course to make a partial exit from MotorCycle Holdings, with the Australian motorcycle dealership operator targeting a A$46.3 million ($36 million) IPO.
Aquiline, Genstar exit AssetMark to China's Huatai for $780m
China’s Huatai Securities has agreed to purchase financial consultancy group AssetMark for $780 million from US-based PE firms Aquiline Capital Partners and Genstar Capital.
Alibaba buys majority stake in Rocket Internet's Lazada for $1b
Chinese e-commerce giant Alibaba Group has paid about $1 billion for a majority stake in Lazada, a Southeast Asia-based e-commerce platform founded by Germany's Rocket Internet, in a transaction that values the company at $1.5 billion.
1Q analysis: Hard times
Only the good prevail as LPs appear wary of China funds; investors continue to seek technology start-up exposure but the check sizes are falling; Korea delivers exits, but other markets fail to shine
IMM PE, Mirae agree to sell stake in Korea defense business
IMM Private Equity and Mirae Asset Private Equity are set to exit South Korea-based Doosan Defense Systems & Technology (DST) after Hanwha Techwin agreed to buy the business for KRW695 billion ($607 million).
SSG buys 40% stake in India's Future Supply Chain
Special situations investor SSG Capital Management Group will pay up to INR5.8 billion ($87 million) for a 40% stake in Future Supply Chain (FSC), a supply chain and logistics subsidiary of India's Future Retail.
Indonesia public markets: Technical exits
The Jakarta Stock Exchange has never been a popular location for private equity exits due to various structural problems. The government wants to address these issues, but there is no quick fix