Trade sale
VCs see opening for Southeast Asia exits – AVCJ Forum
Venture capital firms in Southeast Asia see a growing range of exit avenues thanks to a maturing local start-up market and increasing interest from global investors.
India's Fortis rejects TPG-backed buyout bid
Indian healthcare service provider Fortis Healthcare (FHL) has chosen IHH Healthcare as the buyer for its hospital operation, ending a protracted bidding process and rejecting a INR32 billion ($472 million) offer from TPG Capital and its portfolio company...
Asia exits have 'never been easier,' GPs say - AVCJ Forum
Private equity exits in Asia are on a roll, driven by rising Chinese strategic interest and the emergence of larger pan-regional private equity firms looking for secondary buyouts, industry participants told the AVCJ USA Forum.
Yahoo acquires Japan's VC-backed Dely
Yahoo Japan has acquired Dely, the VC-backed Japanese start-up that operates online recipe-sharing service Kurashiru.
2Q analysis: Flipping out
Flipkart sets the tone as strategics deliver tech trade sale exits; Chinese internet players and healthcare are the trendsetters in investment; buyouts, venture stand out in Asia fundraising
Unitas agrees $694m sale of Chinese condiments business
Unitas Capital, which is in the process of exiting its remaining investments after abandoning plans to raise a new fund in 2016, has agreed to sell Chinese condiments producer Jiahao Foodstuff to Huabao International Holdings for $694.5 million.
Warranty and indemnity insurance: The information barrier
Warranty and indemnity insurance is growing in popularity in Asia, particularly in emerging markets. A lack of understanding is the biggest impediment to its widespread adoption
SeaLink leads $29m round for Indian children's hospital
SeaLink Capital Partners has led a INR2 billion ($29 million) investment in Indian maternal and pediatric hospital chain Surya Children’s Medicare, providing an exit for OrbiMed Advisors.
Blackstone agrees $1b exit from India's Intelenet
The Blackstone Group has agreed to sell India-based business process outsourcing (BPO) service provider Intelenet Global Services to French peer Teleperformance for $1 billion. It is the second time that Blackstone has exited the company through a trade...
VIG nets 2.1x return on Korea price comparison site deal
VIG Partners has agreed to sell its controlling stake in Summerce Platform, operator of the Korean online price comparison website Enuri.com, to local e-commerce player Koreacenter for KRW105 billion ($97.8 million).
Hony sells Chinese hospital to Hong Kong-listed platform
Hony Capital has agreed to sell three private hospitals in Zhejiang province to Hospital Corporation of China (HCC), a Hong Kong-listed platform it established several years ago, for RMB630 million ($98 million).
Wine in China: Nurturing the vine
Private equity interest in wine is set to increase as its role in the China luxury goods thesis comes further into focus. Culture, character, and copycatting will be at the top of investors’ strategic agenda
India's Fortis reopens bidding for hospital business
Indian healthcare service provider Fortis Healthcare (FHL) has reopened bidding for its hospital operation and invited offers from several potential investors, including TPG Capital-backed Manipal Hospital Enterprises (MHEPL).
India e-commerce: Turning a page
The acquisition of Flipkart by Walmart signals the beginning of a new chapter in India’s e-commerce story. Venture capital investors also hope it represents a model for more exits from technology start-ups
Longreach to exit Japanese mobile content platform
The Longreach Group has agreed to sell Japanese mobile content provider Cybird to Aeria, a listed online gaming platform, for JPY7 billion ($64 million).
Navis, Blackstone to exit Australia's NLV to private equity JV
Navis Capital Partners and The Blackstone Group will exit National Lifestyle Villages (NLV), an Australian developer and operator of mobile home parks, to Serenitas, a joint venture between Singapore’s GIC Private and local GP Tasman Capital Partners....
Permira, Hillhouse agree $1.7b Magento exit
Permira and Hillhouse Capital will sell their stakes in Magento Commerce, a US company that provides transaction-processing software to e-commerce players, to Adobe as part of a $1.7 billion transaction.
Apax exits remaining GlobalLogic stake to Partners Group
Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Kedaara, Partners Group to buy India's Vishal Mega Mart
Kedaara Capital and Partners Group have agreed to acquire Indian retailer Vishal Mega Mart for an undisclosed sum from TPG Capital.
Korea's Crescendo makes partial exit from Model Solution
South Korean GP Crescendo Equity Partners has agreed to make a partial exit from precision prototype manufacturer Model Solution as part of a deal that will see Hankook Tire assume control of the business.
Alibaba buys Rocket-backed South Asia e-commerce business
Alibaba Group has acquired Daraz, an e-commerce platform incubated by Rocket Internet that is the market leader in Pakistan and has a presence in several other South Asian countries.
Walmart to pay $16b for majority stake in India's Flipkart
Walmart has agreed to pay $16 billion for a 77% stake in Flipkart, an Indian e-commerce business that has received substantial private funding. The deal will facilitate full exits for several investors, including SoftBank’s Vision Fund.
Carlyle set for $1.2b cash exit from Korea's ADT Caps
The Carlyle Group has agreed to sell ADT Caps, a South Korean security monitoring and dispatch business, to SK Telecom and Macquarie Group for an enterprise valuation of KRW2.97 trillion ($2.7 billion).
Sequoia, Saama to exit US, India-based analytics company
Sequoia Capital India and Saama Capital will exit their 10-year investment in ScioInspire Holdings, a healthcare analytics platform with operations in the US, UK and India, through a merger with US-listed industry peer EXL.