Exit
Carlyle, Yunfeng to exit GDC to Huayi Brothers
The Carlyle Group and Yunfeng Capital are set to exit from GDC Technology as Huayi Brothers Media plans to acquire a controlling stake in the digital cinema equipment manufacturer.
Temasek wins approval to buy Intas stake from ChrysCapital
Temasek Holdings has received approval from the Competition Commission of India (CCI) to acquire a stake in Intas Pharmaceuticals from ChrysCapital Partners.
Mekong delivers golden return
As office workers clock off in Hanoi and Ho Chi Minh City, Vuvuzela outlets begin to fill up. It was supposed to be a Hooters-style casual dining chain – and the female staff dress accordingly – but Vuvuzela has morphed into a very local beer club....
Anchorage fully exits Dick Smith Electronics with 4x return
Anchorage Capital Partners has exited the remainder of its stake in Australian electronics retailer Dick Smith Holdings, generating a more than 4x return on its investment after a two-year holding period.
Alibaba ups IPO price range, could raise $25b
The Alibaba Group IPO will now be worth up to $25 billion after the Chinese e-commerce giant raised the indicative price range for the offering. It is now all but certain to supplant Agricultural Bank of China (ABC) as the largest IPO ever seen.
PE-backed Snowman jumps 67.5% on India debut
Snowman Logistics - the PE-backed cold chain unit of Gateway Distriparks - gained 67.5% on its first day of trading on the Bombay Stock Exchange.
NPS, Macquarie-backed Megabox goes on sale
Megabox, the South Korean movie theatre chain 50% owned by a consortium including the Korean National Pension Service (NPS) and Macquarie Group, is being sold at auction.
SCPE backs Vietnam's Golden Gate, Mekong secures 9x exit
Standard Chartered Private Equity (SCPE) has acquired a significant minority stake in Golden Gate, a Vietnam-based restaurant operator, for $35 million. The investment has allowed existing backer Mekong Capital to make a full exit with a net multiple...
Permira-owned Arysta LifeScience files for US IPO
Arysta LifeScience, the Permira-owned Japanese agricultural chemical maker, has filed for its US IPO with a view to raising as much as $500 million.
Clearwater exits India's Dolphin Offshore
Clearwater Capital Partners has exited its 6.53% stake in Indian marine operation and construction company Dolphin Offshore Enterprises via an open market transaction.
PE investors set for partial exits as Alibaba targets $24b IPO
Chinese e-commerce giant Alibaba Group is seeking to raise as much as $24 million through a US IPO that could be the largest tech offering in history.
PE-backed China Auto Rental to raise $467m in HK IPO
China Auto Rental, a car hire firm backed by Warburg Pincus, has set terms for a Hong Kong IPO that will raise up to HK$3.62 billion ($467 million).
Q&A: Morgan Stanley PE Asia's Michael Chung
Michael Chung, Seoul-based managing director with Morgan Stanley Private Equity Asia (MSPEA), discusses the intricacies of buying businesses from local conglomerates – and the prospects for exits via trade sales and IPOs.
Korean outbound M&A: Satisfied partners?
Korea’s National Pension Service wants private equity to help local corporates expand overseas. Three years after its inception, the Corporate Partnership Fund has yet to prove it is the answer
KKR completes full exit from China Modern Dairy
KKR has fully exited China Modern Dairy after a six-year holding period. The PE firm only held a small minority stake in the business, having made a substantial exit to China Mengniu Dairy last year.
Hony raises $528m with another part exit from CSPC Pharma
Hony Capital has made its second partial exit from CSPC Pharmaceutical Group in three months, selling an 11% stake in the Hong Kong-listed Chinese generic drugs maker for HK$4.01 billion ($528 million).
Bain-backed Skylark to raise $1.1b in Tokyo IPO
Skylark, the Japanese restaurant chain backed by Bain Capital, could raise as much $1.1 billion as it re-lists on the Tokyo Stock Exchange (TSX).
India's Milestone exits Acorn Logistics Parks for $24m
Milestone Capital Advisors has exited its stake in warehouse complex Acorn Warehouse & Logistics Parks for $24 million, generating a 1.5x return.
Australia's PEP in $541m partial exit from Veda
Pacific Equity Partners (PEP) has exited half its stake in credit-checking firm Veda Group in a deal worth around A$580 million ($541 million).
CITIC PE exits Jialin Pharma via trade sale to Luye Pharma
CITIC Private Equity will exit a 10.26% stake in Beijing Jialin Pharmaceutical after Luye Pharma Group, a Chinese drug maker, agreed to buy a majority stake in its industry peer.
PE-backed Snowman launches India IPO
Snowman Logistics, the PE-backed cold chain unit of Gateway Distriparks, is aiming to raise up to INR1.97 billion after launching its India IPO this week - the first since the country voted in a new government last May.
Taiwan exits: Tread carefully
AVCJ has devoted considerable space to the challenges tied to foreign private equity buyouts in Taiwan, highlighting industry concerns about an opaque approvals process and the subsequent calls for clearer guidance on where PE is capital is and isn’t...
Taiwan’s Wei family confirms acquisition of MBK-owned CNS
Taiwan-based food and drinks conglomerate Ting Hsin International Group has agreed to buy a majority stake in local TV operator China Network Systems (CNS) from MBK Partners.
SIG, Meridian to exit China digital advertising firm adSage
SIG China and Meridian Capital will exit adSage Corporation after Shanghai-listed BesTV New Media agreed to acquire a majority stake in the digital advertising firm for $88.88 million.