Baring Private Equity Asia
Baring PE Asia abandons Ambow Education take-private
Baring Private Equity Asia (BPEA) has abandoned its $108 million take-private bid for Chinese education provider Ambow Education Holding, citing the resignation of four of the New York-listed company’s independent directors and its auditors in the 10...
Baring PE Asia tables buyout offer for China’s Ambow Education
Baring Private Equity Asia (BPEA) has offered to buy New York-listed Ambow Education Holding in a deal that values the Chinese tutoring and training services provider at about $108 million. It is the 14th PE-backed take-private transaction involving a...
Baring PE Asia exits Taiwan-listed Airtac
Baring Private Equity Asia (BPEA) has completed its exit from Airtac International Group, a Taiwan-founded but now mainland China-headquartered manufacturer of pneumatic components.
Baring increases stake in HK-listed Magic Holdings
Baring Private Equity Asia (BPEA) has increased its stake in Hong Kong-listed beauty products retailer Magic Holdings, purchasing 7.34 million shares on the open market for HK$22.26 million ($2.9 million). It remains the largest individual investor in...
PE-backed AAG Energy pulls Hong Kong IPO
Asian American Gas (AAG) Energy, a Chinese natural gas producer backed by Warburg Pincus and Baring Private Equity Asia (BPEA), has postponed its Hong Kong IPO due to challenging market conditions. The company started pre-marketing for the up to $200...
PE-backed AAG plans $200m Hong Kong IPO – report
Asian American Gas (AAG) Energy, a China-based gas developer backed by Warburg Pincus, Baring Private Equity Asia and Chengwei Ventures, is reportedly planning to raise up to $200 million through a Hong Kong IPO.
Shares in Baring-backed Courts up 7.1% following IPO
Shares in Baring Private Equity Asia (BPEA) portfolio company Courts Asia rose by more than 7% following its Singapore IPO last Monday.
Baring-backed Courts Asia targets $112m IPO
Baring Private Equity Asia (BPEA) portfolio company Courts Asia has launched its Singapore IPO with a view to raising S$137 million ($112 million). The electronics and furniture retailer is offering 178 million shares, of which 60 million are new shares,...
Baring PE Asia in new attempt at Courts IPO
Baring Private Equity Asia has resumed efforts to list electronics and furniture retailer Courts Asia in Singapore. The PE firm, which controls Courts through Asia Retail Group, attempted an IPO in 2010 but withdrew the offer due to valuation concerns.
Asia PE investment: Korea makes a splash
With four deals of $350m or more in the last few weeks, South Korea has made its mark on Asia’s private equity investment league table. Why is it happening and can it continue?
Daewoo to sell $1.1b Kyobo Life stake to Affinity-led PE group
A group of investors led by Affinity Equity is buying a KRW1.2 trillion ($1.1 billion) stake in unlisted Kyobo Life Insurance, the smallest of South Korea’s Big Three life insurers, from Posco-owned Daewoo International.
Baring, ICICI Venture plan Karvy exit – report
Baring Private Equity Asia and ICICI Venture Funds Management, the private equity arm of India’s ICICI Bank, are reportedly in talks to sell their 31% stake in Karvy Stock Broking (KSBL).
Cornerstone investors: Public market props
Weak investor sentiment means that many Asian IPOs need cornerstone investors to cover part of the offering and provide momentum. Why are private equity firms getting in on the action?
Baring increases stake in Chinese retailer Magic Holdings
Baring Private Equity Asia has increased its stake in Magic Holdings, a Hong Kong-listed skincare brand. The PE firm bought 50 million shares - approximately 5% of Magic Holdings' total issued share capital - at HK$2.9 apiece for a total consideration...
PE-backed China Yongda returns with scaled down IPO
China Yongda Automobile Services has re-launched its IPO a month after pulling out of the Hong Kong listing due to weak market demand. The company has reduced its price to HK$6.60 per share, down from a range of HK$7.60-10.80, and cut the size of the...
Khazanah, Baring jointly offer $800m for Aegis
Malaysian sovereign wealth fund Khazanah Nasional has teamed up with Baring Private Equity Asia to offer $800 million for Aegis, thr business process outsourcing (BPO) arm of Indian industrial conglomerate Essar Group. KKR is said to be another bidder...
Baring-backed Yongda abandons Hong Kong IPO
China Yongda Automobile Services, the leading BMW dealership in China, has shelved its $433 million Hong Kong IPO due to weak equities markets. It is the biggest listing to be withdrawn in Asia this year.
Baring backs Yongda Auto IPO
Baring Private Equity has become a cornerstone investor in the IPO of China Yongda Automobile Services, the number-one BMW dealer in China. The company could raise up to $435 million through a listing in Hong Kong.
TPG approaches first close of $1.5b on Asia fund
TPG is nearing a first close of its latest Asian buyout fund on $1.5 billion, bringing the private equity giant one step closer to its goal of raising at least $4 billion for the region.
IFC provides $20m loan to Baring-backed GIIS
International Finance Corp. (IFC) has provided a loan of up to SGD25 million ($20 million) to Global Indian International School (GIIS), which is backed by Baring Private Equity Asia.
Baring completes partial exit from China's Yingde Gases
Baring Private Equity Asia has exited part of its stake in Hong Kong listed Yingde Gases through a block trade worth of HK$414 million ($53 million). The partial exit comes after a 40% gain in Yingde’s share price since October 2011.
Swire enters the bidding for Baring-backed Courts Asia
Hong Kong conglomerate Swire is reportedly among the bidders for Baring Private Equity Asia-invested electronics and furniture retailer Courts Asia. The sale could be worth close to $400 million.
Baring backs China’s Ambow Education
Baring Private Equity Asia is no newcomer to the education sector. The private equity firm’s portfolio currently includes four assets in the private tutoring space and it added a fifth last week following the purchase of a stake in Ambow Education Holding...
Baring buys stake in NYSE-listed Ambow Education
Baring Private Equity Asia has acquired a stake in Chinese education services provider Ambow Education Holding in conjunction with the company's management.