Exit
IDG-backed Tian Ge targets $208m HK IPO
Tian Ge Interactive Holdings, a Chinese social video-sharing platform that has received funding from IDG Capital Partners and internet company Sina, is seeking to raise up to HK$1.61 billion ($208 million) through a Hong Kong IPO.
Next-owned Hirepool abandons New Zealand offering
Hirepool Group – a New-Zealand equipment rental firm owned by Next Capital – has abandoned plans to raise up to NZ$262 million ($227 million) through an IPO.
VC-backed Xunlei jumps 24% on debut after $88m IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, saw its stock gain 24% on its first day of trading on NASDAQ following a $88 million IPO.
Quick exit for Quadrant in pet services
Nine months ago, the bidding process ended for City Farmers, Australia’s third-largest pet services business. Number two player Petbarn lost out to Quadrant Private Equity. A couple of months after that Petbarn joined forces with Greencross, the country’s...
PE-owned Luye Pharma seeks up to $764m in HK IPO
Luye Pharma Group - a Chinese drugmaker backed by GIC Private, CDH Investments, CITIC Private Equity and New Horizon Capital - is seeking to raise up to 764 million from a Hong Kong IPO.
China's Innovation Works exits Elex Technology via trade sale
Beijing-based incubator Innovation Works has sold its entire 3.49% stake in mobile games platform Elex Technology to Chinese Universe Publishing and Media for RMB70 million ($11 million).
TPG, Carlyle favor IPO exit for Australia's Healthscope – report
TPG Capital and The Carlyle Group are reportedly looking to take Healthscope public rather than seek to exit Australia’s second-largest private hospital operator via a trade sale.
PE-backed Tianhe sees marginal gain after $658m HK IPO
Tianhe Chemicals Group saw its stock gain up to 5% during the first morning of trading in Hong Kong. The company, which is backed by Morgan Stanley Private Equity Asia (MSPEA) and PAG, raised HK$5.1 billion ($658 million).
Permira targets IPO for Japan’s Arysta LifeScience – report
Permira is planning to raise $500 million via the US IPO of Japanese agricultural chemical maker Arysta LifeScience.
VC-backed Xunlei sets terms for $92.5m US IPO
Xunlei, a Chinese file-sharing and download management platform backed by a string of VC firms, is seeking to raise up to $92.5 million through its US IPO.
Quadrant sells Australia pet care business for $192m
Quadrant Private Equity will exit Australian pet supplies business City Farmers after veterinary services provider Greencross agreed to buy the company for A$205 million ($192 million).
Next-owned Hirepool seeks up to $227m in NZ IPO
Hirepool Group - a New-Zealand equipment rental firm owned by Next Capital - is to raise up to NZ$262 million ($227 million) in what is likely to be one of New Zealand's largest listings this year.
Bain makes partial exit from India’s Hero MotoCorp
Bain Capital has made a partial exit of roughly one third of its holding in MotoCorp, India’s largest motorcycle and scooter manufacturer, selling the stake for approximately INR14.8 billion ($248 million).
Alibaba acquires remaining shares of VC-backed UCWeb
Chinese e-commerce giant Alibaba Group has bought all the remaining shares of VC-backed mobile-browser firm UCWeb.
Japan's Meiji acquires India drug maker, Temasek exits
Japanese conglomerate Meiji Holdings has acquired Medreich, an Indian pharmaceutical company backed by Singapore sovereign wealth fund Temasek Holdings, for $290 million via its subsidiary Meiji Seika Pharma.
Bain-backed Emcure Pharma withdraws IPO
Emcure Pharmaceuticals, the Indian drugs developer backed by Bain Capital, has withdrawn its plans to go public. The listing - which was to raise INR5 billion ($84 million) - is the fourth PE-backed IPO to be pulled in India this year.
Singtel's Amobee acquires VC-backed Adconion, Kontera
Amobee, the mobile ad company owned by Singapore telecoms giant SingTel, has acquired two VC-backed digital ad firms: Adconion and Kontera, for $235 million and $150 million, respectively.
China VCs cautious on strategic capital – AVCJ Forum
Trade sales to Chinese internet giants represent an alternative exit route for traditional venture capital players, but buyers must have a clear roadmap for developing the portfolio companies, VC investors told the AVCJ China Forum.
Next-backed Hirepool confirms IPO plans
Hirepool, a New Zealand equipment rental business backed by Next Capital, has confirmed its plans for an IPO.
Greater Pacific in $12m part exit from India's Edelweiss
Greater Pacific Capital (GPC) has sold part of its stake in India's Edelweiss Financial Service for INR707 million ($12 million) via an open market transaction.
Quadrant makes partial exit as iSentia IPO raises $264m
Shares in Australian media monitoring company iSentia gained nearly 20% on their trading debut after a A$283.6 million ($264.6 million) IPO facilitated a partial exit by Quadrant Private Equity.
PE-backed Ozner Water targets $158m Hong Kong IPO
Ozner Water International, a Chinese water purifier manufacturer backed by SAIF Partners, Ares Management and Goldman Sachs, wants to raise up to HK$1.23 billion ($158 million) through a Hong Kong IPO.
Australia's Ironbridge set for partial exit from Monash IVF
Australian GP Ironbridge Capital is on course to exit the majority of its stake in Monash IVF through an IPO.
GIC, Insight buy US software firm, Warburg Pincus exits
Singapore sovereign wealth fund GIC Private has joined Insight Venture Partners in its $752 million purchase of iParadigms, a US maker of anti-plagiarism software, from Warburg Pincus.