Hong Kong (China)
NSSF, Temasek, Qatar participate in CITIC Pacific share sale
China's National Social Security Fund (NSSF) and sovereign wealth funds Temasek Holdings and Qatar Holdings are contributing to the HK$39.5 billion ($5.1 billion) Hong Kong-listed CITIC Pacific requires to buy its state-owned parent.
TA-owned SpeedCast completes another bolt-on
TA Associates-owned SpeedCast has made its third bolt-on acquisition in Australia in 18 months, purchasing a fixed and mobile satellite solutions provider SatComms Australia for an undisclosed sum.
PE-backed WH Group scraps HK IPO plan
WH Group, the PE-backed Chinese meat processing company that bought US pork producer Smithfield Foods, has abandoned its HK$41 billion ($5.3 billion) Hong Kong IPO.
PE-backed WH Group to scale back Hong Kong IPO
WH Group, the PE-backed Chinese meat processing company that acquired US pork producer Smithfield Foods, is set to reduce the size of its Hong Kong IPO size and delay pricing of the deal.
Baring Asia exits Net Japan to Orix
Baring Private Equity Asia has sold its stake in jewelry recycler Net Japan to Japanese financial services group Orix Corp.
PE firms eye Standard Chartered consumer finance unit - report
Bain Capital and The Carlyle Group are said to be among first-round bidders for Standard Chartered's Hong Kong-based consumer finance unit, PrimeCredit.
Sequoia-backed Baioo Family launches HK IPO
Baioo Family Interactive, a children's online game developer backed by Sequoia, has launched its Hong Kong IPO, seeking to raise between $200 million and $250 million.
Harbin Bank prices $1.1b IPO near bottom of range
China’s Harbin Bank is set to raise $1.1 billion from its Hong Kong IPO after pricing shares at the bottom of the indicative range. CITIC Capital is one of seven cornerstone investors in the offering.
Temasek pays $5.7b for stake in Li Ka-Shing's A.S. Watson
Temasek Holdings has agreed to buy a 24.95% stake in A.S. Watson, a health and beauty retailer owned by Hong Kong tycoon Li Ka-Shing, for HK$44 billion ($5.7 billion). A.S. Watson was seeking a dual listing in Hong Kong and London but this plan has now...
CITIC Capital among cornerstones for Harbin Bank IPO
CITIC Capital is one of seven cornerstone investors that will cover 43% of Harbin Bank’s Hong Kong IPO, which is expected to raise up to HK$10.1 billion ($1.3 billion), although subscriptions to the offering have reportedly been delayed due to concerns...
Placement agent Monument Group opens in Hong Kong
Monument Group, a Boston-headquartered placement agent with a presence in the US and UK, has expanded into Asia, with a Hong Kong office now in operation. A Tokyo base will follow later this year.
Warburg Pincus-backed Sunshine 100 eyes $310m HK IPO
Sunshine 100 China Holding, a Chinese property developer backed by Warburg Pincus, has launched its Hong Kong IPO, seeking up to HK$2.4 million ($310 million).
SCPE-backed Sunfonda Group launches Hong Kong public offering
Sunfonda Group Holdings, the second largest luxury auto dealer in China - and a Standard Chartered Private Equity (SCPE) portfolio company - plans to raise up to HK$683 million ($88 million) through a Hong Kong IPO.
Hong Kong promises to push forward with PE tax exemption
Hong Kong’s financial secretary, John Tsang, reaffirmed the government’s plans to extend the profits tax exemption for offshore funds to include private equity, promising to “take forward the legislative work as soon as possible.”
China's NSSF joins cornerstones for Poly Culture IPO
China’s National Council for Social Security Fund (NSSF) will commit about $19.8 million as a cornerstone investor in Poly Culture’s HK$2.57 billion ($331 million) Hong Kong IPO.
Focus Media targets $1b Hong Kong IPO - report
Chinese display advertising business Focus Media, which was taken private in last May by a consortium of private equity investors in conjunction with company management, is said to be working towards a $1 billion IPO in early 2015.
Singapore vs. Hong Kong: Shifting sands
Fund administrators are seeing increased demand from GPs for back office services in Singapore. Hong Kong isn’t the definitive loser, but the territory’s lack of tax and regulatory certainty for PE is a factor
Accelerated Venture Partners opens in Hong Kong
Accelerated Venture Partners (AVP), a Silicon Valley-based private equity firm, has opened an office in Hong Kong to provide Asian companies with financing and help them go public in the US.
PE-backed Luye, Rundong target HK IPOs – report
Two private equity-backed Chinese companies – Rundong Automobile Group and Luye Pharma Group – are reportedly planning to raise a total of $1.5 billion through Hong Kong listings.
Navis buys control of Hong Kong chemicals producer
Navis Capital Partners has acquired a controlling interest in Amazon Papyrus Chemicals Group, a Hong Kong-based chemicals manufacturer that supplies the paper and pulp industry.
Yunfeng Capital, Alibaba to buy CITIC 21CN for $171m
Yunfeng Capital and Alibaba Group together plan to buy a 54.3% stake in pharmaceutical data provider CITIC 21CN, a Hong Kong-listed subsidiary of Chinese conglomerate CITIC Group, for HK$1.33 billion ($171 million).
Hamilton Lane adds two senior Asia professionals
Hamilton Lane has added two senior professionals to its Asia team, appointing Mingchen Xia as principal on the fund investment team and Yen Li Chew as vice president within its business development group - both will be based in Hong Kong.
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.
GIC exits Beijing airport to NWS Holdings
GIC Private has exited its 8.84% stake in Beijing Capital International Airport (BCIA)to NWS Holdings, an Chinese infrastructure conglomerate controlled by Hong Kong billionaire Cheng Yu-Tung, for about HK$2.36 billion ($304 million).