Shares of Yixin Group Ltd., China’s largest online automobile financing platform, got off to a fast start on its trading debut in Hong Kong on Thursday, jumping over 30% in early trade, before settling lower later in the day.
Beijing-based third-party payment platform Lakala Payment Co., Ltd., backed by Chinese Legend Holdings, is planning for listing on ChiNext, the NASDAQ-style bourse of the Shenzhen Stock Exchange, after the company’s planned back-door listing via a reverse merger with Shanghai-listed Tibet Tourism failed to materialize.
Chinese conglomerate HNA Group has agreed to acquire an approximate 25% stake in Hilton Worldwide Holdings Inc. from the Blackstone Group LP for about US$6.5 billion, after the global private equity giant realized several exits this year by selling assets to Chinese buyers.
Meet You, a Chinese female social network and mobile app operated by Xiamen Information Technology, has completed a RMB1 billion (US$151 million) new financing round from undisclosed investors, according to Chinese media reports.
Ucar Group, a mobile app-based chauffeured car service unit launched by Chinese rental car company Car Inc., has been approved to list on China’s New Third Board.
Chinese condiment maker Yihai International Holding, in which Yunfeng Capital owns a 6% interest, has completed an initial public offering in Hong Kong to raise around HK$861 million (US$111 million).
AMC Entertainment Holdings, Inc., the U.S. cinema chain owned by Dalian Wanda Group, has agreed to acquire London-based Odeon & UCI Cinemas Group from private equity firm Terra Firma in a transaction valued at approximately £921 million (US$$1.2 billion). The deal, if completed, will make AMC the largest cinema operator globally with over 7,600 screens. It will also provide an exit for Terra Firma on a 12-year-old investment. Terra Firma bought Odeon in 2004 for €650m to merge with UCI, …
The Carlyle Group is to exit from Concord Medical Services Holdings Ltd., a New York Stock Exchange-listed Chinese radiotherapy and diagnostic imaging center operator, as the company’s chairman and chief executive proposes to take it private.
China Logistics Property Holdings, formerly known as Shanghai Yupei Group and backed by RRJ Capital and the Carlyle Group, has priced its initial public offering at the top of its price guidance to raise HK$3.4 billion (US$438 million) in total.
Beijing-based installment payment e-commerce firm Qufenqi has raised RMB3 billion (US$449 million) in pre-IPO investment from two A-share listed companies, with participation from existing investors.
Venture-backed China Online Education Group, the operator of online English language education firm 51Talk, has completed an initial public offering in the U.S. raising an aggregate of approximately US$45.6 million.
EQT Greater China has sold its 30% interest in Chinese aluminum die casting manufacturer Modern Metal & Precision Holdings Ltd. to JD Capital, completing an exit from an investment it made six years ago.
Private equity firm Warburg Pincus LLC is to sell 2.77 million shares of portfolio company China Biologic Products in a partial exit, according to a company announcement.
Venture-backed PapayaMobile, a Chinese mobile advertising firm, is in the process of listing on China’s New Third Board to raise US$40 million, according to a company announcement.
Venture-backed China Online Education Group, the operator of online English language education firm 51Talk, has filed for an initial public offering in the U.S., according to a securities filing.
Kingdee International Software Group Co., Ltd. has acquired Shanghai Guanyi, an IT system and service provider to Chinese e-commerce firms, allowing its backer Maison Capital to fully exit.
Lianjia, a Chinese O2O real estate agency service firm backed by Huasheng Capital, Tencent Holdings Ltd. and Hillhouse Capital, is preparing for an initial public offering in China, Hong Kong or the U.S., according to an article published by Jiemian.com.
Zhubaijia, an online short-term vacation home rental platform backed by HNA Tourism Holding (Group) Co., Ltd. and CITIC GoldStone Investment Fund, has officially listed on China’s New Third Board.
Chinese brokerage firm Huatai Securities LLC has agreed to acquire U.S. financial services company AssetMark Inc. from its private equity owners Aquiline Capital Partners and Genstar Capital, according to a company announcement.
Warburg Pincus LLC is seeking to list portfolio company Shanghai-based cancer treatment firm Hygeia Medical Service Group on China’s New Third Board and eventually plans to move the company to the A-share market via a reverse merger, according to someone familiar with the matter.
KKR & Co. L.P. has agreed to sell its 70% stake in French fashion company SMCP Group to one of China’s largest textile producers Shandong Ruyi Science & Technology Group for an undisclosed amount, according to a joint announcement.
Chinese hospital operator Zhongmei Healthcare Group, in which the Carlyle Group made a US$64 million investment, is seeking an initial public offering in Hong Kong. In a securities filing, Zhongmei says Carlyle made a US$64 million pre-IPO investment to take a 15.7% stake of the company in January 2016. In the planned IPO, the company is aiming to sell 25% of itself to the public. Pricing and other financial details have not been determined. Zhongmei Healthcare owns three specialty hospitals …
CMC Capital Partners and FountainVest Partners have agreed to extend the lock-up period of their shareholdings in IMAX China Holding. Inc., in exchange to sell 20 million shares before the expiration date of their previously agreed lock-up, according to a company announcement.
Shanghai YTO Express (Logistics) Co., Ltd., backed by Alibaba Group Holdings and Yunfeng Capital, is moving closer to an A-share listing through a reverse merger with Chinese garment maker Dalian Dayang Trands Co., Ltd.
Chinese private equity firms Hony Capital, CITIC Private Equity and Sequoia Capital plan to fully exit their stakes in Shenzhen-listed Happigo Home Shopping at massive profit, according to a disclosure document (in Chinese).
CDH Investments has sold its entire stake in Hong Kong-listed Chinese mobile telecommunications devices distributor Beijing Digital Telecom for a total proceeds of US$47 million, according to a securities filing.
Private equity firm AID Partners has reached an agreement to list its portfolio company, entertainment retailer HMV’s Asia businesses, via a reverse merger with China 3D Digital Entertainment Ltd., according to an announcement.
Blackstone Group has agreed to sell Strategic Hotels & Resorts Inc. to Anbang Insurance Group for US$6.5 billion, in a quick flip of assets three months after the global private equity firm completed the buyout of the U.S. luxury hotel operator, according to media reports.
China’s New Horizon Capital, Belgian holding company Gimv and other investors have agreed to sell their stake in automotive system supplier Punch Powertrain to Chinese group Yinyi for reportedly US$1.1 billion including debt.
Private equity firm Warburg Pincus has trimmed its stake in NASDAQ-listed China Biologic Products again, selling a 16% stake for US$425.7 million, according to a company announcement.
Beijing-based home cleaning service booking app eJiaJie, backed by CDH Investments, Tencent Industry Win-Win Fund and others, says its application to list on the National Equities Exchange and Quotations (NEEQ) has been approved by Chinese regulators.