Exits
KKR to exit Alliance Tire to Japan's Yokohama
Japanese tire manufacturer Yokohama Rubber has agreed to acquire India's KKR-backed Alliance Tire Group for $1.2 billion.
Hony to exit Australia's Santos to China-based ENN
Hony Capital has agreed to sell its 11.72% stake in Australia-listed oil and gas supplier Santos to ENN Group, a leading Chinese privately-held gas distributor, for $755 million.
PE investors make part-exit from IMAX China
CMC Capital Partners and FountainVest Partners have made a partial exit from IMAX China after agreeing to an extended lock-up period for the rest of their shares.
Alibaba, Yunfeng-backed YTO Express set for $2.7b backdoor listing
Chinese clothing maker Dalian Dayang Trands has agreed to acquire Shanghai's YTO Express, which is backed by Alibaba Group and Yunfeng Capital, for RMB17.5 billion ($2.7 billion), resulting in a backdoor listing in Shanghai for the courier service provider.
Deal focus: AID plugs HMV into music value chain
By taking HMV Asia public in Hong Kong through a backdoor listing, AID Partners' objective was to secure China 3D Entertainment as a strategic partner for the business
India's Ambit Pragma exits Spear Logistics to French strategic
Indian mid-market PE firm Ambit Pragma has exited its majority stake in Spear Logistics to French multinational FM Logistic.
IFC, Sabre anchor HealthCare Global's India IPO
The International Finance Corporation (IFC), Sabre Partners and other anchor investors have committed INR2.92 billion ($43.6 million) to Indian cancer care services provider HeathCare Global Enterprises as part of its IPO.
PE investors to exit China's Happigo Home Shopping
Hony Capital, CITIC Private Equity and Sequoia Capital are set to exit Happigo Home Shopping, a Shenzhen-listed online and TV shopping subsidiary of Hunan TV.
CDH exits Beijing Digital Telecom
CDH Investments has made a full exit from Hong Kong-listed Beijing Digital Telecom (BDT), one of China’s largest mobile retail chains, raising HK$366.93 million ($47 million).
VC-backed SMIT targets up to $37m in Hong Kong IPO
SMIT Holdings, a China-focused provider of payment systems and security devices for TV broadcasters, which has several VC investors, is looking to raise as much as HK$291 million ($37 million) through a Hong Kong IPO.
Deal focus: European GPs net 17x return on China play
Punch Powertrain took advantage of gaps in China's auto supply chain to become the leading independent transmission supplier. It has turned out to be a hugely successful investment for Gimv and Capricorn Venture Partners
AID Partners to list HMV in Hong Kong via reverse merger
AID Partners is poised to list the HMV Asia business in Hong Kong through a reverse merger, a couple of weeks after making a partial exit from the music and movie retailer to Japan’s World Innovation Lab (WiL).
New Horizon, Gimv agree sale of Punch Powertrain to China's Yinyi
Several PE investors, including China’s New Horizon Capital and Europe-focused Gimv, have agreed to sell Belgium-based Punch Powertrain to Chinese real estate developer Yinyi Group at a valuation of around EUR1 billion ($1.1 billion).
Warburg Pincus trims stake in China Biologic
Warburg Pincus has generated $425.7 million by selling an approximately 16% interest in US-listed biopharmaceuticals developer China Biologic Products.
AION supports buyout of GE's India commercial lending business
GE Capital will sell its India commercial lending and leasing businesses to a consortium led by AION Capital Partners.
AID Partners to sell stake in HMV to Japan's World Innovation Lab
AID Partners is set for a partial exit from HMV’s Asia business after agreeing to sell an 18.37% stake in the music and movie retailer to Japan-based World Innovation Lab for $9 million.
CPPIB ups stake in India's Kotak Mahindra Bank
Canada Pension Plan Investment Board (CPPIB) has invested INR11.5 billion ($170 million) in India's Kotak Mahindra Bank, picking up a stake held by Japan's Sumitomo Mitsui Banking Corporation.
China cross-border industrial buyouts: Strategic rationale
Chinese outbound investment in advanced technology assets is soaring, but the patchy nature of deal flow underlines the gulf in class between those that aspire to do deals and those that get them done
CalPERS sells $127m stake in India's Axis Bank
California Public Employees' Retirement System (CalPERS) has sold a stake in India’s Axis Bank worth about INR8.7 billion ($127 million) to Genesis Indian Investment Company.
Blue Sky-backed Alcidion lists in Australia
Blue Sky Alternative Investments-backed healthcare technology company Alcidion has listed in Australia with a A$2 million ($1.4 million) IPO priced at A$0.03 a share.
Wanda Media to raise $1.5b ahead of domestic listing
Chinese conglomerate Dalian Wanda Group is seeking to raise RMB10 billion ($1.5 billion) from domestic investors for its film and TV production division – Wanda Media – ahead of a planned onshore listing.
Q&A: Archer Capital's Peter Wiggs
Peter Wiggs, CEO of Archer Capital, on why the IPO slowdown has helped PE deal flow, the attractiveness of education and healthcare, and recently spun-out Archer Growth
Australian PE: Under the spotlight
The rapid descent of Dick Smith Electronics from a $500 million valuation to bankruptcy has led to sharp criticism of private equity. Once again, the industry must explain why it isn’t the bad guy
PE-backed SF Express targets A-share IPO
China's largest express delivery services provider SF Express, which is backed by several PE investors including CITIC Capital, has confirmed that it is targeting an A-share IPO.