Exit
PE-backed Jiuxian approved to list on China’s New Third Board
Jiuxianwang E-commerce, a PE-backed Chinese e-commerce site that sells wines and spirits, has won regulatory approval to list on China’s over-the-counter (OTC) board.
SingPost buys US e-commerce player from PE backer
Singapore Post (SingPost) has bought US-based online commerce provider TradeGlobal from its private equity backer Bregal Sagemount for $169 million.
Hera Capital exits China's ActSocial to Linkfluence
Singapore-based private equity investor Hera Capital has agreed to sell its entire stake in Shanghai and Singapore-based social media analytics firm ActSocial to Linkfluence, a European company with a similar remit.
Deal focus: Electra plays the long game
Electra Partners Asia's exit of Zensar Technologies to Apax Partners brings to an end one of the longest investment holding periods ever seen in the region's private equity industry
3Q analysis: Digital dreamers
Early- and growth-stage technology deals dominate the China investment charts; middle market fundraising enjoys a rebound; private equity investors turn to trade sales as the public markets flounder
Apax buys stake in Indian IT player Zensar, Electra exits
Apax Partners has acquired a 23.2% stake in India-based Zensar Technologies for $129 million, providing an exit for Electra Partners, which has been an investor in the business since 1997.
PE-backed Giant to re-list in Shenzhen via reverse merger
Chinese online game developer Giant Interactive Group, which was taken private last year by a consortium of PE investors in conjunction with the company’s CEO, is seeking to re-list in Shenzhen through a reverse merger.
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CHAMP PE sells Australia's Alleasing to Monash
CHAMP Private Equity has sold Alleasing, an Australia-based leasing business, to Monash Private Capital in a deal said to be worth A$190 million ($135 million).
PE-backed China Huarong launches Hong Kong IPO
Huarong Asset Management, one of four groups tasked with managing non-performing loans (NPLs) from Chinese state-owned banks, is looking to raise up to $3 billion in a Hong Kong IPO.
ChinaEquity Group to list on New Third Board
ChinaEquity Group, a Beijing-based private equity firm, has won regulatory approval to list its renminbi investment business on China’s National Equities Exchange and Quotations (NEEQ), also known as the New Third Board.
PE-backed IMAX China raises $248m in Hong Kong IPO
Private equity-backed movie theater operator IMAX China has raised HK$1.92 billion ($248 million) in its Hong Kong IPO after pricing shares towards the bottom end of the indicative range.
Philippines' Monde Nissin to buy Quorn Foods from PE owners
Philippines food conglomerate Monde Nissin has agreed to buy Quorn Foods from UK-focused GP Exponent Private Equity and Intermediate Capital Group (IGC) at an enterprise valuation of GBP550 million ($835 million).
Apollo completes exit from India's Dish TV
Apollo Global Management has fully exited India-based direct-to-home TV service provider Dish TV, selling its remaining 3.58% stake for INR3.99 billion.
India's Quick Heal, Parag Milk Foods file for IPOs
Indian security software developer Quick Heal Technologies and dairy firm Parag Milk Foods have filed for IPOs, seeking INR2.5 billion ($38 million) and INR3.25 billion, respectively. Parag has also raised an additional INR600 million from existing backer...
PEP-owned Link Group seeks up to $665m in Australia offering
Pacific Equity Partners (PEP) portfolio company Link Group is looking to raise as much as A$946.5 million ($665 million) in an IPO on the Australian bourse.
Exit options: China trade sales
Acquisitive mainland-listed Chinese companies have become the primary movers in the country's private equity trade sale market
Comcast to buy majority stake in PE-owned Universal Studios Japan
Comcast Corp. has agreed to pay JPY183 billion ($1.5 billion) for a 51% stake in Universal Studios Japan (USJ), a theme park operator controlled by MBK Partners, Goldman Sachs, PAG, and US hedge fund Owl Creek Asset Management.
Everstone-backed VLCC Health Care files for India IPO
VLCC, an Asian health and beauty brand backed by Everstone Capital, has filed for an IPO in India. The private equity firm will exit about 45% of its holding through the offering.
Blackstone rejects Gateway offer for India freight business
The Blackstone Group has rejected an offer from Indian logistics player Gateway Distriparks (GDL) to buy its stake in freight subsidiary Gateway Rail Freight (GRFL) for INR6 billion ($90.3 milion).
PE firms set for part-exits as IMAX China targets $276m HK IPO
FountainVest Partners and CMC Capital Partners plan to make partial exits from IMAX China as the movie theater operator looks to raise as much as $276 million in a Hong Kong IPO.
NewQuest, Tsing exit China Hydroelectric to Shenzhen Energy
Publicly-traded Shenzhen Energy has agreed to acquire China Hydroelectric for $542.6 million, paving a full exit for PE backers NewQuest Capital Partners and Tsing Capital.
Hong Kong Broadband's PE backers make partial exit
CVC Capital Partners and its co-investors, AlpInvest Partners and GIC Private, have sold a 7.6% stake in Hong Kong Broadband (HKBN), the internet services provider they acquired in 2012 and took public in March.
Carlyle exits India's Elitecore to Sterlite
Indian optical fiber and power cable producer Sterlite Technologies has bought telecommunication software developer Elitecore Technologies from The Carlyle Group.