News >> Exits
Advantage Partners poised for Rex Holdings exit
Advantage Partners is preparing to exit a 66% holding in Japanese restaurant operator Rex Holdings to Colowide. Local media said the transaction, worth JPY13.7 billion ($175 million), would close as early as October.
China Baoxin Auto to buy PE-backed NCGA for $305m
Hong Kong-listed China Baoxin Auto has agreed to pay $305 million for NCGA Holdings, a Beijing-based high-end car dealership owned by the Citigroup, Apollo Global Management and Pangaea One.
CIC trims financials exposure with partial exit from BlackRock
China Investment Corporation (CIC) has exited most of its holding in asset manager BlackRock as part of a wider effort to reduce its exposure to international financial institutions.
Japan’s J-Star exits Iki Iki to Noritsu Koki Group
J-Star, the mid-market Japanese GP, has exited lifestyle marketing company Iki Iki to a subsidiary of Noritsu Koki Group. The transaction is expected to close on September 7.
India’s Kalyani Group to sell wind energy stake to PE – report
The Kalyani Group, the Indian industrial conglomerate, is reportedly in talks with private equity firms to sell a stake in its wind energy business, Kenersys. In addition to diluting Kalyani’s controlling interest, the deal would allow the partial exit...
Permira sells over half of its stake in Galaxy Entertainment
Permira has exited over half of its remaining stake in Hong Kong-listed Galaxy Entertainment Group for HK$5.855 billion ($755 million). The transaction involves a 6.65% stake in the company and the shareholdings of Permira funds have reduced to 5.95%...
Hellman & Friedman sells Goodman to Japan’s Daikin
US-based private equity firm Hellman & Friedman has sold its air conditioner maker, Goodman Global, to its Japanese rival, Daikin, for $3.7 billion.
Cerberus-backed Aozora unveils plan to repay bailout cash
Aozora Bank, the Japanese lender in which Cerberus Capital holds a large stake, has pledged to repay JPY227.6 billion ($2.9 billion) in bailout money received during Japan’s financial crisis. The sum will be repaid over a 10-year period ending before...
Sequoia exits Cafe Coffee Day stake in founder buy-back
Sequoia Capital India has sold its stake in Amalgamated Bean Coffee Trading, the unit of India’s Coffee Day Group that runs the flagship retail chain, Café Coffee Day.
Permira acquires Unison’s stake in Akindo Sushiro for $1b
Permira, through its Ireland-based vehicle Consumer Equity Investments (CEIL), has acquired Unison Capital’s stake in Akindo Sushiro, a leading Japanese sushi restaurant. The deal values the company at $1 billion, including debt.
KKR sells Unisteel to Swiss trade buyer
KKR has sold its Singapore-based disk drive components and assemblies manufacturer, Unisteel Technology, to Swiss trade buyer SFS intec, a unit of SFS Group.
Archer Growth prepares for Cura Day exit – report
Archer Capital Growth is reportedly preparing to exit Cura Day Hospitals Group. The Australian GP helped found the company in 2008, having teamed up with a group of doctors and medical specialists who manage and work at its nationwide network of day hospitals.
Just Dial re-files for IPO, VCs plan partial exit
Just Dial, the Indian online listings provider, has filed for a domestic IPO that will see its venture capital investors exit a portion of their holdings. After an earlier attempt to list was shelved due to market uncertainty, the company completed a...
Goldman, KKR in talks with Chinese firm over Kion stake sale
Goldman Sachs and KKR are said to be in talks with Shandong Heavy Industry about selling a 25% stake in German forklift truck manufacturer Kion Group.
India eases rules on entrepreneurs’ post-IPO lock-up
India has altered rules concerning the lock-up on entrepreneurs’ shares post-IPO in order to make it easier for companies to list. This is expected to support companies that go through several stages of private equity funding.
Mekong exits toy maker Nam Hoa
Mekong Capital has completed the sale of its holding in Nam Hoa Production & Trading Corporation, a Vietnamese manufacturer of wooden toys for preschool children.
Actis exits Dalmia Bharat Sugar & Industries - report
Actis is said to have exited its 5.5% stake in Dalmia Bharat Sugar & Industries - formerly Dalmia Cement Bharat - for INR82.7 million ($1.5 million).
PE exits in India down by 90% in second quarter - PwC
India private equity exits fell 89% year-on-year to just $108 million in the second quarter. This came from 12 transactions, down 33%, according to a report published by PricewaterhouseCoopers (PwC).
General Atlantic exits Infotech Enterprises for $36m
General Atlantic Partners – through its entity GA Global Investments – has sold 11.7 million shares, or a 10.48% stake, in Infotech Enterprises to Cyprus-based company Gagil FDI for INR2.01 billion ($36.2 million).
Mengniu in talks to buy KKR-backed Modern Dairy - report
Hong Kong-listed China Mengniu Dairy, the country’s largest dairy producer, has reportedly held talks to acquire China Modern Dairy, the raw milk supplier in which KKR Asia Fund owns 24%.
Goldman sells Japanese contractor for $636m
Goldman Sachs has sold Japanese contractor Fujita Corp to local home builder Daiwa House Industry for JPY50 billion ($636 million), representing an exit from one of its longest investments in the country.
Clove Capital achieves over 20x from Energy Best exit
Clove Capital has achieved a cash multiple of more than 20x through its divestment of Philippines-based oil company Energy Best to Peak Oil and Gas, a wholly-owned subsidiary of ASX-listed Raisama Energy.
Baring, ICICI Venture plan Karvy exit – report
Baring Private Equity Asia and ICICI Venture Funds Management, the private equity arm of India’s ICICI Bank, are reportedly in talks to sell their 31% stake in Karvy Stock Broking (KSBL).
Australia’s Gresham PE in $180m Witchery Group exit
Gresham Private Equity has agreed to sell fashion retailer Witchery Group to Country Road for A$172 million ($180.2 million). The deal will see Witchery CEO Ian Nairn replace Howard Goldberg as head of Country Road, which is majority-owned by South Africa’s...