Exit
PE-backed Wenzhou Kangning Hospital targets $88m in HK IPO
Wenzhou Kangning Hospital, a private psychiatric specialty care service provider in China with several PE investors, has priced its Hong Kong IPO to raise as much as HK$681 million ($88 million).
Alibaba agrees Youku Tudou acquisition at $4.8b valuation
Alibaba Group has agreed to acquire US-listed Chinese online video platform Youku Tudou in an all-cash deal that values the company at approximately $4.8 billion.
China's securities regulator to resume IPOs
China’s securities regulator has said it will resume the domestic initial public offerings (IPOs), lifting a three-month suspension on new listings that was imposed in response to market turmoil in July.
Creador nets 2.8x return on part-exit from Cholamandalam
Creador has made a partial exit from Cholamandalam Investment & Finance (CIF), an India-based non-banking finance company (NBFC), securing a 2.8x multiple and a 33% IRR in US dollar terms.
Bain, Baring lead the way at AVCJ Awards
With four investments, four partial exits, two IPOs and a string of dividend payments over the past 12 months, Bain Capital was named firm of the year at the 2015 AVCJ Private Equity and Venture Capital Awards.
Spring-backed Denox targets $46.8m Hong Kong offering
Denox Environmental & Technology Holdings, a China-based manufacturer of catalysts used to reduce emissions from coal-fired power plants, is looking to raise up to HK$362.5 million ($46.8 million) in a Hong Kong IPO.
PE-backed China Huarong trades flat after $2.3b HK IPO
Shares in China Huarong Asset Management, a distressed debt manager with several private equity backers, opened flat in Hong Kong following a HK$17.82 billion ($2.3 billion) IPO.
China exits: Open to alternatives
With China’s public markets still dogged by uncertainty – and, at time of writing, new share offerings suspended – PE investors are looking at other options. Trades in particular are getting more traction
The billion-dollar club: Asia's tech unicorns
Asia accounts for one fifth of the global tech sector’s unicorn population as companies raise larger rounds at ever higher valuations. But as investor sentiment weakens, some of these behemoths should be concerned
PE-backed CICC files for $811m Hong Kong IPO
China International Capital Corp. (CICC) has announced the pricing for its upcoming Hong Kong IPO, which will see the company raise up to HK$6.3 billion ($811 million).
PEP-backed Link gains on Australia debut
Link Group, the Australian financial data and fund administration services provider backed by Pacific Equity Partners (PEP), is trading above its IPO price following the company's A$946.3 million ($674 million) offering.
PE firms exit US oil assets to Chinese property developer
Chinese real estate developer Yantai Xinchao Industry has acquired two oil assets in West Texas backed by US-based private equity firms ArcLight Capital Partners and Denham Capital.
India's PE-backed SSIPL files for IPO
SSIPL Retail, a footwear manufacturer and retailer based in India, has filed for an IPO, providing an exit for PE investor Tano Capital.
FTIL sells remaining IEX stake to Multiples-backed Milltec
Financial Technologies (FTIL) has agreed to sell its remaining 5.46% stake in India Energy Exchange (IEX) to Milltec, a portfolio company of Multiples Alternative Asset Management, completing its exit from the company.
PE-backed Coffee Day to raise $177m in India IPO
Indian coffee shop and restaurant chain Cafe Coffee Day has fixed a price for its upcoming IPO that will put the offering on course to meet its target of INR11.5 billion ($177 million).
Reorient sells stake in Korean GP EQ Partners
Korean Investment Holdings has agreed to buy the entire shares in Seoul-based private equity firm EQ Partners from Hong Kong-listed financial services Reorient Group for $6.6 million in cash.
Carlyle exits Hong Kong-listed Natural Beauty via buyback
The Carlyle Group has exited its position in Natural Beauty Bio-Technology though a management buyback, prompting a group led by the founder and chairwoman to submit a takeover bid for the Hong Kong-listed business.
PE investors set for part-exits as ATC buys 51% of India's Viom
IDFC Alternatives and Macquarie SBI Infrastructure Management will make partial exits from India-based Viom Networks as American Tower Corporation (ATC) buys a 51% stake in the telecom tower business.
Apollo agrees partial exit from Australia's Nine
Apollo Global Management has agreed to sell a 13% stake in Australia’s Nine Entertainment to regional broadcaster WIN Corp.
Deal focus: SingPost’s one-world e-commerce play
Singapore Post buys TradeGlobal from Bregal Sagemount as part of a push from traditional mail delivery and into global e-commerce
GIC to buy Indian renewable energy platform Greenko
Singapore’s GIC Private has agreed to acquire Greenko, an India-focused renewable energy developer that has previously received funding from the likes of TPG Capital and EIG Global Energy Partners.
China’s LeTV buys control in VC-backed Yongche
Chinese media company LeTV Holdings has acquired 70% in Yongche.com, facilitating an exit for existing shareholders in the car rental and taxi-booking app.
PE-backed China drug developer files for US IPO
BeiGene, a Chinese company backed by the likes of Hillhouse Capital and CITIC Private Equity that develops drugs to treat cancer, has filed for an IPO in the US.
VC-backed Equitas files for India IPO
Indian microfinance institution Equitas Holdings has filed for an IPO, providing partial or complete exits for a number of VC and PE investors.