Exit
RRJ-backed China diaper maker plans HK IPO - report
AAB Group, a Chinese diaper maker backed by RRJ Capital, is said to be looking to raise as much as $300 million through an IPO on the Hong Kong Stock Exchange.
VC-backed Neway jumps 32% on debut as China IPOs resume
Venture capital-backed Neway Valve, the first newly-listed company to start trading following the year-long embargo on Chinese IPOs, saw its stock open up 32% on the Shanghai Stock Exchange.
China's JD.com targets $2b IPO - report
Chinese online retailer JD.com, which has received $1.7 billion in venture capital and private equity funding in the last two years, is said to be planning an IPO for the second half of 2014.
Cerberus set for exit as Japan’s Seibu agrees to Tokyo listing
Seibu Holdings, the Japanese conglomerate that had a bitter falling out with leading shareholder Cerberus Capital Management over a planned IPO three years ago, is finally expected to list in Tokyo in the first half of 2014.
India Awards: PE Professional of the Year – Ravi Adusumalli
SAIF India defied a challenging exit market by taking Just Dial public and selling CSS Corp via a trade sale in 2013. Ravi Adusumalli, the firm’s managing partner, sees the weak IPO market as a mixed blessing for PE
Facebook buys VC-backed Little Eye Labs
Within 19 months of starting-up, Bangalore-based Little Eye Labs was snapped up by Facebook to take the social network’s mobile development to the next level. Little Eye Labs was also in talks with Twitter, but Facebook ended up offering a better deal....
Q&A: Wolseley Private Equity's Richard Burrows
While other Australian GPs have moved on to larger transactions, Wolseley Private Equity remains resolutely lower mid-market. Richard Burrows, a director at the firm, explains why
4Q analysis: IPO awakening
Public market offerings return, or at least expectations of them; pan-regional players shore up weak fundraising market; growth deals to the fore as buyouts recede
PE-backed Chinese firms delay IPOs as CSRC tightens oversight
At least five Chinese companies – three of which have PE backers – have postponed their IPOs as the Chinese Securities Regulatory Commission (CSRC) released measures to strengthen supervision of public offerings.
KKR backs FIWA acquisition of CHAMP-owned Centric Wealth
KKR’s credit unit, KKR Asset Management, is partnering with Australia’s Financial Index Wealth Accountants (FIWA) in its takeover bid for CHAMP Private Equity-owned high net worth financial advisory Centric Wealth. KKR will provide acquisition funding...
Quvat-backed Blitzmegaplex targets Indonesia IPO
Blitzmegaplex, an Indonesian movie theater chain backed by Quvat Management, is targeting an IPO in the first quarter of 2014 as it seeks to raise capital for expansion.
Facebook buys VC-backed Indian start-up Little Eye Labs
Facebook has acquired Ventureast and GSF Superangels-backed start-up Little Eye Labs, reportedly paying around $15 million for the Android app optimizer.
Carlyle exits India's Tirumala Milk Products to trade buyer
French dairy group Groupe Lactalis has acquired Tirumala Milk Products for a reported sum of $250–300 million, allowing The Carlyle Group to exit its 26.38% holding in the South Indian dairy producer.
LightInTheBox to buy VC-backed e-commerce player Ador
LightInTheBox, the venture capital-backed Chinese online retailer that went public in the US last year, has acquired US social e-commerce site Ador for an undisclosed sum.
IVFA to exit UEM India as Toshiba buys 26% stake - report
Japanese electronics giant Toshiba Corp. is looking acquire a 26% stake in Indian water treatment specialist UEM Group from existing shareholders, including private equity investor India Value Fund Advisors (IVFA).
Baring Asia to exit Noah Education as MSPEA makes take-private offer
Baring Private Equity Asia is on course to exit Noah Education Holdings after Morgan Stanley Private Equity Asia (MSPEA) and senior management tabled a take-private bid that values the company at around $108 million. This is MSPEA’s second privatization...
PE-backed firms win approval for China listings
Five Chinese companies – at least two of which have private equity or venture capital backers – have won approval to list on mainland stock exchanges as the year-long IPO lockdown comes to a close.
MGPA exits Westin Singapore hotel for $369m
BlackRock-owned real estate investor MGPA has sold its stake in The Westin Singapore hotel to Japan’s Daisho Group for a reported S$468 million ($369 million).
Advent exits India’s CAMS as NSE buys 45% stake
Advent International has fully exited its stake in Computer Age Management Services (CAMS) after a subsidiary of India’s National Stock Exchange (NSE) bought a 45% stake in the company, which provides transaction processing and other back office services...
Quadria-led consortium buys majority stake in Indian hospital chain
Quadria Capital, German development finance institution DEG and Swedfund have acquired a majority stake in Medica Synergie from ICICI Venture.
Blackstone exits Emcure Pharma to Bain
The Blackstone Group will exit its 2006 investment in India’s Emcure Pharmaceuticals to Bain Capital. Financial terms of the deal were not disclosed but it is reportedly worth INR7 billion ($112.8 million)
Carlyle invests in India’s Global Health Private
The Carlyle Group has acquired a minority stake in India’s Global Health Private, owner and operator of Medanta – the Medicity, a super-specialty Medanta hospital in the National Capital Region (NCR) of Delhi. The transaction facilitates the exit...
Japan's Sompo agrees purchase of Bregal-owned insurer Canopius
Sompo Japan Insurance has agreed to acquire Canopius Group, a UK insurer which is 84%-owned by London-headquartered private equity firm Bregal Capital.
Crescent-owned insurer shares down 12.5% after Australian IPO
Shares in Crescent Capital Partners-owned Cover-More Group opened down 12.5% today following the travel insurer's A$521 million ($460 million) IPO on Australian Securities Exchange (ASX).