IPO
Quadrant nears IPOs for Burson Auto, iSentia - report
Two Quadrant Private Equity portfolio companies - Burson Auto Parts and iSentia - are said to be on course for IPOs.
Baring Asia-owned Nord Anglia files for $300m IPO
Nord Anglia Education, a Hong Kong-based school operator with a presence in Asia, the Middle East, Europe and North America, has filed to raise up to $300 million through a US IPO. The company has been majority-owned by Baring Private Equity Asia since...
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.
Jafco-backed Eleven Bio raises $50m in NASDAQ IPO
Eleven Biotherapeutics, a US biopharma company firm backed by Japan’s Jafco Ventures, has raised $50 million through its NASDAQ IPO – short of the $69 million initially sought.
Portfolio: STIC Investments and Access Bio
STIC Investments backed Access Bio when the Korean-led malaria testing technology player wanted to buy key components and expand output. Now KOSDAQ-listed, the company has its eye on specialty diagnostics
Held to account: The Big Four in China
A legal ruling might ban the Big Four accounting firms’ China affiliates from working on US-listed Chinese companies. VCs aren’t worried about IPO prospects, but there are longer-term concerns
VCs pump another $13m into PubMatic
Nokia Growth Partners (NGP) has led a $13 million round of funding for PubMatic, an advertising platform based in India and US. Existing investors August Capital, Draper Fisher Jurvetson, Helion Ventures and Nexus Venture Partners also took part in the...
Infinity-backed WLCSP raises $118m in Shanghai IPO
China Wafer Level Chip Scale Package (WLCSP) - a chip-maker backed by Israel's Infinity Group and China-Singapore Suzhou Industrial Park Ventures (CSVC) - has raised RMB715 million ($118 million) after listing on the Shanghai Stock Exchange.
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.
VC-backed JD.com targets $1.5b US IPO
Chinese online retailer JD.com, which has received $1.7 billion in venture capital and private equity funding in the last two years, is seeking to raise up to $1.5 billion through a US IPO.
Bull Capital invests in Singapore-based IT security specialist
Bull Capital has bought a 41.67% stake in i-Sprint Group, a Singapore-based IT security service provider owned by Automated Systems Holdings, for $9.85 million.
TPG, Carlyle assess exit options for Australia's Healthscope
Healthscope, an Australian hospital operator owned by TPG Capital and The Carlyle Group, looks set for an IPO that could generate proceeds of around A$4 billion ($3.5 billion).
Tempting offers: Australian IPOs
Following a prolonged drought, Australia has seen a recent spike in private equity-backed IPOs. Is this a flash in the pan or are public market exits on the cusp of a sustained comeback?
CHAMP Ventures plans IPO for SG Fleet
CHAMP Ventures is seeking to exit its 42% stake in Australian vehicle leasing and fleet management business SG Fleet Holdings by way of an IPO on the Australian Securities Exchange (ASX).
PE firms to bid for China Huarong stake – report
A group of around 20 investors are said to be preparing to submit first-round offers for a minority stake worth $2 billion in China Huarong Asset Management ahead of the non-performing loan (NPL) manager’s IPO.
US judge imposes suspension on Big Four accounting firms' China units
A US judge has ruled that the China-based units of the Big Four global accounting firms should be suspended from auditing US-listed companies for the next six months. They are accused of failing to disclose information to US regulators investigating Chinese...
China IPOs: Incremental benefits
China’s securities regulator has introduced a registration-based IPO system designed to offer greater transparency. However, this does not mean an end to intervention in public markets processes.
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
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.