Legend-Backed Payment Platform Lakala Files for ChiNext Listing

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.

AMC To Acquire Odeon & UCI Cinemas From Terra Firma

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, …

Venture-Backed 51Talk Seeks US IPO

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.

Carlyle To Exit As Zhongmei Healthcare Seeks HK IPO

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 …

CITIC PE, Hony To Exit Happigo Home Shopping

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).