IPO
L Capital-backed 2XU targets IPO in Australia or US
Australian sports apparel brand 2XU - which is 40%-owned by L Capital Asia, a PE firm backed by luxury goods conglomerate LVMH - is looking to go public in either Australia or New York with an IPO that could value the business north of A$600 million ($468...
PE investors to make partial exits from India's AGS, S.H. Kelkar
Three private equity firms – TPG Capital, Actis and The Blackstone Group – are set for partial exits from their Indian investments as payment solutions provider AGS Transact Technologies and fragrances manufacturer S.H. Kelkar both filed for IPOs.
Saratoga plans $100m Indonesia mining unit IPO
Saratoga Capital is planning to raise $100 million through an IPO for Indonesian copper and gold miner Merdeka Serasi Jaya (MSJ) in the second half of this year.
VC-backed Gunosy files for Tokyo IPO
Gunosy - a Japanese news app developer backed by the venture capital firm Jafco, telecoms company KDDI Corp. and B Dash Ventures - has filed for a Tokyo IPO.
Hahn & Co-backed Cowell e Holdings targets $153m offering
South Korea-focused GP Hahn & Co. is set to make a partial exit from electronics manufacturer Cowell e Holdings as the company seeks to raise up to HK$1.19 billion ($153 million) through its Hong Kong IPO.
Hahn & Co-owned Cowell e Holdings files for Hong Kong IPO
Cowell e Holdings, a portfolio company of South Korea-based Hahn & Co. portfolio and a major supplier of camera modules used in Apple devices, has filed for an IPO in Hong Kong.
Chinese VC-backed hospital chain files for Hong Kong IPO
Pengai Hospital Management Group, a Chinese cosmetic surgery chain backed by CMHJ Partners, IDG Capital and TDR Capital, has filed for a Hong Kong IPO.
CVC-backed HKBN IPO prices at top of range, raises $750m
Hong Kong Broadband Network (HKBN), an internet service provider controlled by CVC Capital Partners, has raised HK$5.8 billion ($750 million) in its Hong Kong IPO.
JD-backed China Well Lead raises $61m in Shanghai IPO
Well Lead Medical, a Chinese medical devices manufacturer backed by JD Capital, has raised RMB385 million ($61 million) through an IPO in Shanghai.
CVC, others to raise up to $750m in HKBN IPO
CVC Capital Partners-controlled Hong Kong Broadband Network (HKBN) - the special administrative region's second largest internet service provider (ISP) - has launched its initial public offering this week with a view to raising as much as HK$5.8 billion...
Australia buyouts: Downsizing
Bain Capital has completed two buyouts in Australia in the last five years. The first was a classic large-scale affair as accounting software firm MYOB was acquired from Archer Capital and HarbourVest Partners for around $1 billion in 2011. Three years...
VC-backed WoWo sets terms for $66m NASDAQ IPO
Chinese entertainment and lifestyle-focused e-commerce platform WoWo – which started out as operator of group-buying site 55tuan – plans to raise up to $66 million through its IPO on NASDAQ.
4Q analysis: Still selling
Trade sales keep the exit market ticking over; big ticket tech deals make their presence felt, but buyouts dominate the investment environment; weakness in China pegs back Asia fundraising
China e-commerce player WoWo files for US IPO
WoWo, which came to prominence as operator of the 55tuan group-buying site before expanding into a broader entertainment and lifestyle-focused e-commerce platform, has filed for a US IPO.
CVC returns $2b to investors from Asia deals in 2014
CVC Capital Partners returned $2 billion to investors from Asia-based investments in 2014 after completing three full or partial exits – which contributed $1 billion of the proceeds – in December.
PE firms set for part exits as India's VRL Logistics, UFO Moviez file for IPOs
New Silk Route (NSR) will sell shares in VRL Logistics and Providence Equity Partners and 3i Group will make partial exits from UFO Moviez as both companies filed for IPOs in India.
PE-backed Indian retailer Monte Carlo sinks below IPO price
Shares of Samara Capital-backed Indian apparel brand Monte Carlo Fashions remain at a 9% deficit to the IPO price despite a small rally on December 22, the second day of trading.
2014 in review: A year of record-setting
Strong capital markets facilitate bumper exit activity; pan-regionals, venture capital dominate fundraising; China’s leads revival in growth capital investment, with Korea still buyout central
Five trends for 2015
After a mixed 2013, Asian private equity has enjoyed an impressive 2014. But what do the next 12 months have in store? Here are some ideas…
VC-backed China dating-app gains 26% on US trading debut
Chinese VC-backed mobile dating app Momo gained 26% on its first day of trading on NASDAQ following a $216 million IPO.
General Atlantic-backed Xiabu Xiabu targets $146m HK IPO
Xiabu Xiabu, a Chinese hotpot chain backed by General Atlantic, is seeking to raise up to HK$1.13 billion ($146 million) through a Hong Kong IPO.
AVCJ Awards: Exit of the Year - IPO: Alibaba Group
Alibaba Group’s IPO validated Silver Lake’s faith in the business. Ken Hao, a managing partner at the PE firm, expects the company to go from strength to strength, both in and outside China
Fosun-owned Hainan Mining to list in Shanghai
Hainan Mining, an iron ore miner owned by Chinese conglomerate Fosun International, is set to raise RMB1.9 billion ($308 million) through an IPO in Shanghai.
PE investors to part exit as India's Sadbhav Infra files for IPO
Sadbhav Infrastructure Project (SIP), an Indian road and highways project developer, is looking to raise at least INR6 billion ($97 million) through an IPO, providing a partial exit for PE backers Xander and Norwest Venture Partners.