Exits
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...
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
Blackstone to pay up to $1.1b for India's Mphasis
The Blackstone Group has agreed to buy a majority stake in Indian IT services provider Mphasis from Hewlett Packard for up to INR70 billion ($1.1 billion).
Affinity-owned Tegel to raise up to $332m in dual offering
Tegel Group Holdings, a New Zealand-based poultry producer controlled by Affinity Equity Partners, is looking to raise as much as NZ$481 million ($332 million) through a dual listing in New Zealand and Australia.
India's CL Educate refiles for IPO, Gaja to part-exit
Indian education services provider CL Educate has refiled for its IPO, providing a partial exit for PE backer Gaja Capital Partners.
KKR to sell majority stake in SMCP to China’s Shandong Ruyi
Chinese textiles producer Shandong Ruyi Technology Group has agreed to acquire a controlling stake in SMCP Group, a French apparel retailer backed by KKR.
Everstone set for part-exit in Hinduja Leyland Finance IPO
Everstone Capital is expected to sell up to 26.6 million shares in Hinduja Leyland Finance as part of the commercial vehicle financing company’s Indian IPO.
Warburg Pincus exits Premier Foods to Japan's Nissin
Japanese noodle maker Nissin Foods has agreed to buy a 17.3% stake in diversified UK grocer Premier Foods from Warburg Pincus for GBP90 million ($129.3 million).
IDFC-backed Seaways files for $12m Indian IPO
India’s Seaways Shipping & Logistics has filed for an IPO that would see the IDFC Alternatives-backed company issue new shares with an aggregate value of INR800 million ($12 million).
Carlyle-backed Zhongmei Healthcare files for HK IPO
Carlyle Group-backed hospital operator Zhongmei Healthcare has filed for a Hong Kong IPO.