Exit
PE-backed BeiGene gains 18% on debut after $158m IPO
BeiGene, a Chinese cancer drug developer backed by Hillhouse Capital and CITIC Private Equity, closed up 18% on its first day of trading on NASDAQ following a $158.4 million IPO.
Apax sells stake in Tommy Hilfiger China JV
Apax Partners and other shareholders in Tommy Hilfiger Asia (TH Asia) have agreed to sell their remaining stake in the company to Philips-Van Heusen Corp (PVH), owner of the Tommy Hilfiger parent corporation, for about $172 million.
FountainVest agrees $920m sale of KSS to Chinese strategic
FountainVest Partners has agreed to sell Key Safety Systems (KSS), a US-based auto components manufacturer that it acquired in 2014, to Shanghai-listed Ningbo Joyson Electronic Corporation for $920 million.
Q&A: KKR's David Liu and Ming Lu
David Liu and Ming Lu, who head up KKR’s private equity operations in Asia, discuss dislocation in China and its neighboring markets, engineering cross-border deal flow, and how GPs can differentiate themselves
Deal focus: Investors exit as Tsingda refocuses on domestic IPO
OCBC's mezzanine capital unit and RRJ Capital both secure nearly 3x returns as China-based Tsingda eEdu Corp positions itself for a domestic listing
ADV commits $45m to Indian hospital chain, Invascent exits
ADV Partners has invested $45 million in Indian hospital chain Dr. Agarwal's Healthcare, providing an exit for existing backer Invascent Capital.
Alibaba to sell stake in China O2O services platform
Alibaba Group has confirmed it will exit Meituan, the China-based online-to-offline (O2O) services provider that agreed to merge with rival Dianping last year, in order to focus on its own platform.
OCBC’s PE unit exits China-based Tsingda eEdu
Mezzanine Capital Unit (MCU), a PE investment unit under Singapore’s OCBC Bank, has sold its stake in China education service provider Tsingda eEdu, generating nearly 3x return on a $20 million investment made in August 2014.
KKR exits Vietnam's Masan Consumer with over 2x return
KKR has fully exited Vietnam’s Masan Consumer Corp. (MCC), generating a more than 2x return on a $359 million investment made across two tranches in 2011 and 2013.
CVC, Lippo postpone plan to exit Indonesia's Link Net
CVC Capital Partners and the Riady family's Lippo Group have suspended plans to sell their majority stake in Link Net, an Indonesian fixed-line broadband and cable TV operator.
Spin-out of PE-backed SouFun set for China reverse merger
SouFun Holdings, a US-listed Chinese online real estate portal backed by the Carlyle Group and IDG Capital Partners, plans to spin out its online media and finance service units into a domestic backdoor listing.
Deal focus: Bain revives FCI in Asia
Bain Capital spent 10 years restructuring Europe-based FCI - more than returning its capital from divestments in the process - into an Asia-focused electronics business
Deal focus: Abraaj builds on India healthcare foundation
The Abraaj Group buys India's CARE Hospitals from Advent International with a view to taking the business into new markets
Headland slims team to focus on portfolio management
Headland Capital Partners has seen the departure of two partners and slimmed down its investment team following the decision last September to suspend fundraising and focus on the existing portfolio.
Anchorage speaks out on Dick Smith investment
Anchorage Capital Partners has spoken out for the first time about the demise of its former portfolio company, Dick Smith Electronics, for which the Australian GP has attracted much criticism.
KKR exits stake in India's Dalmia Cement, invests in parent company
KKR has agreed to sell its stake in India's Dalmia Cement Bharat (DCBL) for INR6 billion ($89 million) to the parent company Dalmia Bharat (DBL), and to invest INR6.2 billion in DBL itself.
CDH-owned Nanfu Battery completes China reverse merger
CDH Investments-controlled Fujian Nanping Nanfu Battery, China’s leading manufacturer of alkaline batteries, has listed on the National Equities Exchange and Quotations (NEEQ) through a reverse merger.
Australia IPOs: Crisis of confidence?
The demise of Dick Smith Electronics has prompted criticisms of Anchorage Capital Partners' handling of the business and left investors questioning the quality of PE-backed IPOs in Australia
Abraaj to buy India's CARE Hospitals from Advent
The Abraaj Group has agreed to buy CARE Hospitals, India's fifth-largest healthcare provider from Advent International.
Affinity set for over 6x return on Korea's Loen Entertainment - Update
Affinity Equity Partners is set for a more than 6x return on its investment in Loen Entertainment, the Korean equivalent of iTunes, following Kakao Corporation's agreement to buy a majority stake in the business.
AGIC joins $1b Chinese acquisition of KraussMaffei
AGIC Capital, a private equity firm that focuses on China-Europe cross-border investments, has teamed up with two Chinese companies to acquire KraussMaffei Group from Onex Corporation at an enterprise valuation of EUR925 million ($1.01 billion).
Secondary exits: Pass the parcel
Is Baring Private Equity Asia's flood of secondary buyouts from other GPs indicative of a wider trend in the industry in Asia?
PE-backed diagnostics player Thyrocare files for India IPO
Thyrocare Technologies, an Indian diagnostics company with several private equity backers, has filed for a domestic IPO.
Chinese regulator halts GP listings on New Third Board
China’s securities regulator has suspended listings and fundraising by domestic private equity firms on the National Equities Exchange and Quotation (NEEQ) system, also known as the New Third Board.