Sell down
China's CIC in $311m partial exit from Noble Group
China Investment Corporation (CIC) has made a partial exit from Singapore-listed agriculture and energy supply chain manager Noble Group, generating proceeds of S$396 milion ($310.6 million).
Anchorage fully exits Dick Smith Electronics with 4x return
Anchorage Capital Partners has exited the remainder of its stake in Australian electronics retailer Dick Smith Holdings, generating a more than 4x return on its investment after a two-year holding period.
KKR completes full exit from China Modern Dairy
KKR has fully exited China Modern Dairy after a six-year holding period. The PE firm only held a small minority stake in the business, having made a substantial exit to China Mengniu Dairy last year.
Hony raises $528m with another part exit from CSPC Pharma
Hony Capital has made its second partial exit from CSPC Pharmaceutical Group in three months, selling an 11% stake in the Hong Kong-listed Chinese generic drugs maker for HK$4.01 billion ($528 million).
Australia's PEP in $541m partial exit from Veda
Pacific Equity Partners (PEP) has exited half its stake in credit-checking firm Veda Group in a deal worth around A$580 million ($541 million).
Carlyle exits India's Repco Home Finance
The Carlyle Group has fully exited its stake in India's Repco Home Finance (RHF) for INR4.72 billion ($78.4 million) via an open market transaction.
Bain makes partial exit from India’s Hero MotoCorp
Bain Capital has made a partial exit of roughly one third of its holding in MotoCorp, India’s largest motorcycle and scooter manufacturer, selling the stake for approximately INR14.8 billion ($248 million).
MSPEA makes another partial exit from Sihuan Pharma
Morgan Stanley Private Equity Asia (MSPEA) has made another partial exit from Hong Kong-listed Sihuan Pharmaceuticals, generating up to HK$1.12 billion ($145 million) through a block trade.
Hao completes Pax Technology exit for 4.7x return
Hao Capital has fully exited Chinese electronic payment systems provider Pax Technology, selling its remaining 7.6% stake in the Hong Kong-listed company for $44 million through a block trade. The investment has generated a gross multiple of 4.7x.
CVC completes $215m sell down of Indonesia's Matahari
CVC Capital Partners has raised IDR2.49 trillion ($215 million) by trimming its stake in Indonesian retailer Matahari Department Store. This follows a $1.3 billion share sale last year by the PE firm and its local partner, the Riady family’s Lippo Group.
Hao Capital makes $80m partial exit from Pax Technology
Hao Capital has made another partial exit from electronic payment systems provider Pax Technology, selling a 15.1% equity stake for around $80 million through a block trade. The private equity firm has now realized $100 million on an original investment...
Warburg Pincus completes $540m exit from Australia's Transpacific
Warburg Pincus has exited its one third holding in Australian waste management firm Transpacific Industries Group via the public market, generating proceeds of around A$570 million ($540 million).
Goldman to raise up to $315m in Geely Auto sell down
Goldman Sachs Principal Investment Area, an investment unit of Goldman Sachs, plans to sell-down its entire stake in Hong Kong-listed Geely Automobile Holdings, raising up to HK$2.44 billion ($315 million).
GIC in $50m partial exit from India's Adani Ports
Government of Singapore Investment Corporation (GIC) has sold part of its 1.78% stake in India’s Adani Ports & Special Economic Zone (APSEZL) for INR2.9 billion ($50.6 million).
KKR exits Australia's Seven West Media
KKR has exited its stake in Australia’s Seven West Media via the public market, raising around A$265 million ($260 million). The private equity firm invested in what was then Seven Media Group in 2006 at the height of the buyout boom, before merging...
CNEI exits Liyuan despite metals price slump
Dragged down by gold prices, commodities of all flavors have seen sharp declines in the past month. But this did not derail China New Enterprise Investment’s (CNEI) full exit from Shenzhen-listed Jilin LiyuanAluminum. The private equity firm secured...
CNEI secures 10.3x return on full exit from Liyuan Aluminum
China New Enterprise Investment (CNEI) has completed its exit from Jilin Liyuan Aluminum, one of the country’s leading aluminum extrusion product manufacturers, securing a 10.3x gross return.
CVC, RBS complete Samsonite exit
CVC Capital Partners and Royal Bank of Scotland (RBS) have completed their exit from Hong Kong-listed Samsonite International through a $528 million share sale. The two investors previously made several partial exits from the luggage company since taking...
PAG in partial exit from Haitong Securities
PAG has made a partial exit from Haitong Securities, 10 months after participating in the Chinese brokerage’s IPO as a cornerstone investor.
Baring PE Asia exits Taiwan-listed Airtac
Baring Private Equity Asia (BPEA) has completed its exit from Airtac International Group, a Taiwan-founded but now mainland China-headquartered manufacturer of pneumatic components.
CVC completes another Samsonite selldown
CVC Capital Partners has exited HK$1.45 billion ($187 million) worth of shares in Samsonite International as part of a HK$2.24 billion sell-down with fellow investor Royal Bank of Scotland (RBS).
Carlyle plans partial exit from Kaisa – report
The Carlyle Group is reportedly selling part of its holding in Hong Kong-listed Chinese real estate developer Kaisa Group for up to $67 million.
Permira cashes out of Galaxy at 2.8x
Thanks in no small part to the Chinese passion for gambling, Macau has emerged as the casino capital of the world in recent years, with takings six times those of Las Vegas. Permira has successfully ridden this wave, securing a 2.8x money multiple on...
Carlyle in second-largest India exit of the year
The Carlyle Group's $830 million exit from Indian mortgage lender Housing Development Finance Corp. (HDFC) represents the private equity firm’s largest divestment in Asia this year. It is also a welcome boost for investors keen to see India address...