Chinese biotechnology company 3SBio has agreed to delist from the NASDAQ stock exchange after shareholders voted in favor of a take-private deal proposed by Chinese private equity firm CITIC Private Equity and the company’s CEO. The two parties, who own a combined 18 percent of 3SBio’s outstanding share capital,… Read More
Chinese private equity firm Shenzhen CDF Capital has participated in the RMB100 million (approximately US$16.3 million) Series B financing round of Chinese horse breeder Rider Horse. The latest investment follows the company’s August 2012 RMB120 million (approximately US$19.4 million) Series A financing round led by Hong Kong-based private equity… Read More
Emerging markets private equity firm Capital International Private Equity Funds (CIPEF) has invested PHP2.5 billion (approximately US$60.7 million) in Filipino media and entertainment company ABS-CBN. The funding is intended to expand ABS-CBN’s platform offerings, including its digital terrestrial television services. CIPEF will purchase Philippines Deposit Receipts (PDRs) issued by… Read More
The findings of this Survey are based on data collected from 112 LPs from over 30 countries. Representing public and corporate pension funds, insurance companies, sovereign wealth funds, banks, asset managers, endowments, foundations, family offices, development finance institutions, multilateral organizations and funds of funds, these institutional investors collectively represent disclosed… Read More
China-focused private equity firm Hony Capital has reduced its holding in Shanghai Stock Exchange-listed publishing company Jiangsu Phoenix Publishing & Media. Hony sold 25 million shares of Phoenix at a price range of RMB8 to RMB8.89(approximately US$1.29 to US$1.44) per share, for a total transaction value of roughly US$32.3… Read More
Global private investment firm Partners Group has agreed to invest US$275 million in CSS Corp, an Indian IT services company. Following the investment, Partners Group will own an 80 percent stake in the company, taking over the 70 percent stake currently held by private equity firms SAIF Partners and… Read More
The private equity arm of global investment bank Goldman Sachs has sold the remainder of its stake, totaling 1.58 billion shares, in Industrial and Commercial Bank of China (ICBC) for US$1.1 billion. The divestment, which took place through a block share sale on the Hong Kong Stock Exchange, reportedly… Read More
Indian search engine Just Dial has held an initial public offering on India’s National Stock Exchange, Bombay Stock Exchange and MCX Exchange, raising around US$170 million. The offering, which was anchored by a US$38 million investment from Singaporean sovereign wealth fund Temasek and global asset manager Fidelity Investments, was… Read More
SEAVI Advent Private Equity, the Asia-focused affiliate of global private equity firm Advent International, has participated in a US$17 million investment round in Indonesian port depot management services company Multicon Indrajaya Terminal. Multicon operates container depots in seven Indonesian ports. The investment is intended to support the company’s growth… Read More
China-based alternative asset fund manager CDH Investments has sold 166 million shares in Chinese department store and supermarket operator Springland International Holdings. The shares, which were divested on the Hong Kong Stock Exchange, were priced at HKD3.75 (approximately US$0.48) per share, representing a total transaction value of HKD622.5 million… Read More
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