IPO
WL Ross-backed Ohizumi to go public
Ohizumi, a temperature sensors electrical parts manufacturer backed WL Ross, will list on the Tokyo Stock Exchange on June 22.
CVC-owned Formula One delays Singapore IPO
CVC Capital Partners' portfolio company Formula One Group has delayed its $3 billion Singapore IPO due to choppy market conditions. It is the fifth major listing to be pulled or delayed in Asia over the past week alone.
Baring-backed Yongda abandons Hong Kong IPO
China Yongda Automobile Services, the leading BMW dealership in China, has shelved its $433 million Hong Kong IPO due to weak equities markets. It is the biggest listing to be withdrawn in Asia this year.
IFC may back IPO of Khazanah's healthcare arm
International Financial Corp (IFC), the private investment arm of the World Bank, is planning to invest in the proposed $1.5 billion IPO of Malaysia's Integrated Healthcare Holdings (IHH), which is owned by Khazanah Nasional.
CVC to cut Formula One stake to 30% after Singapore IPO
CVC Capital Partners will reportedly reduce its shareholding in Formula One to around 30% following the motor racing business’ planned IPO in Singapore, which aims to raise up to $3 billion.
CVC sells $1.6b stake in Formula One ahead of Singapore IPO
CVC Capital has sold a $1.6 billion stake in Formula One Group to BlackRock, Waddell & Reed and Norges Bank Investment Management ahead of its planned IPO in Singapore.
Nomura plans Ashikaga IPO
Nomura is planning to sell shares of regional bank Ashikaga in an initial public offering (IPO) on the Tokyo Stock Exchange as early as December. The bank may trade at a market value of JPY200 billion ($2.5 billion) to JPY300 billion.
Baring backs Yongda Auto IPO
Baring Private Equity has become a cornerstone investor in the IPO of China Yongda Automobile Services, the number-one BMW dealer in China. The company could raise up to $435 million through a listing in Hong Kong.
China securities regulator to rein in IPO pricing
The China Securities Regulatory Commission (CSRC) has revised guidelines on new share issuance, requiring the selling party to disclose additional and detailed information if it prices its IPO at a price-to-earnings (P/E) ratio 25% higher than the average...
PE-backed Ratnakar Bank targets IPO in 2014
Ratnakar Bank, a Kolhapur-based lender that received $157 million in private equity funding last year, plans to launch an IPO within two years. It is part of a wider transformation of Ratnakar into a nationwide operator providing end-to-end services....
Carlyle falls short of IPO target
The Carlyle Group raised $671 million in its initial public offering, falling significantly short of its already conservative target of $762.5 million.
ChrysCapital no fair-weather friend to Intas
Back in 2005, the principal concern for much of India’s rural population was where their next meal was going to come from. Over the past seven years, however, the spoils of rapid economic growth have trickled down through the social strata. Rural residents...
India's HomeShop18 targets $100m IPO in the US – report
HomeShop18, the online retail arm of Indian media group Network 18, is said to be readying a US IPO that could raise about $100 million. The company raised $26 million from SAIF Partners in two tranches between 2007 and 2008.
CDIB sees 3x return on game developer deal
Online gaming is one of the fastest-growing segments in the tech sector. Global revenues reached $15.7 billion in 2010 and are expected to top $29 billion within four years. CDIB Capital is one of many private equity players to profit from this growth....
Edelweiss-backed CSB to float
Catholic Syrian Bank (CSB), the Indian institution backed by Edelweiss Capital, AIF Capital, Gartmore Private Equity and Siguler Guff, plans to launch an IPO by September.
PE-backed Haitong Securities raises $1.7b in Hong Kong IPO
Shanghai-listed brokerage Haitong Securities, China's second-biggest brokerage by assets, has raised HK$13 billion ($1.7 billion) in Hong Kong’s biggest IPO since December of last year.
Carlyle-backed AvanStrate nixes IPO again - report
AvanStrate, the Japanese LCD glass manufacturer owned by The Carlyle Group, appears to have called off its plans for a $266 million initial public offering for the second time in a year.
First quarter analysis: Asia struggles to locate its exits groove
Little to cheer in the exit landscape; China growth deal pipeline continues to weaken; India telecom tower buyout not a sign of things to come
KKR in new push for MMI IPO – report
KKR has reportedly revived plans to exit MMI International, the precision-engineering company it took private in 2007, through a Singapore IPO. The offering could generate $400-500 million, but it is unclear how much of its holding the private equity...
Carlyle targets $762m in IPO
The Carlyle Group is seeking to raise as much as $762.5 million through its initial public offering. This would value the company at up to $7.6 billion, less than half the current market capitalization of The Blackstone Group and more than $2 billion...
PAG backs Haitong's $1.8b Hong Kong offering
PAG has become a cornerstone investor in the Shanghai-listed brokerage Haitong Securities' Hong Kong IPO, buying $300 million worth of shares as part of a potential $1.8 billion offering.
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
Oaktree files for $595m IPO
Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.
Warburg Pincus sells Kotak Mahindra stake for $272m
Warburg Pincus has fully exited India’s Kotak Mahindra Bank by selling the remaining 3.6% stake it held in the institution for INR14 billion ($272 million) on the public markets.