The year 2017 will be remembered as a record setter for the Chinese private equity and venture capital industry, as the number of IPO exits secured by PE/VC firms this year almost doubled from a year ago. In fact, the number of IPO exits in 2017 is equals to half of all IPO exits recorded in the six years from 2011 to 2016.
China’s largest online automobile financing platform Yixin Group, backed by investment heavyweights Tencent Holdings Ltd, Baidu Inc., JD.com and BitAuto Holdings Ltd, plans to raise up to HK$6.77 billion (US$867 million) via an initial public offering on the Hong Kong Stock Exchange.
Blue Ocean Capital Group, a Chinese private equity investment firm specializing in healthcare, TMT and innovative financial services, has sold its US$250 million investment in China Cord Blood Corporation (CCBC) to a unit sponsored by SanPower Group, a Chinese conglomerate.
Chinese logistics services provider Best Inc., backed by Chinese Internet giant Alibaba Group Holding Ltd., has cut its New York Stock Exchange IPO by half due to tepid investor demand.
We just caught someone swimming naked. Beijing-based e-book mobile app developer Zhangyue publicly announced in 2016 that it had raised a financing round of US$100 million at a valuation of US$1 billion. It was, the company said, a genuine unicorn.
Best Inc., a logistic service provider backed by Alibaba Group, has revised up the amount of capital it is seeking to raise in an initial public offering in New York to US$1 billion, from a previous target of US$750 million in June.
Hong Kong-based private equity firm EmergeVest has sold its stake in Jiangsu province-based Chinese apparel supplier J.D. United Manufacturing Corporation Ltd. (JDU) to Taiwan-listed textile company Roo Hsing for US$500 million.
Chinese conglomerate Fosun Group and Shanghai Stock Exchange-listed Beijing Sanyuan Foods Co., Ltd. have unveiled plans to acquire French margarine maker St Hubert SAS for EUR625 million (US$733 million).
China Literature Ltd., an online literature platform operated by Tencent Holdings, has filed an IPO prospectus to list on the Hong Kong Stock Exchange, raising a total of US$8.33 billion (US$1.1 billion) via the float.
Razer Inc., a U.S.-based computer hardware developer for the gaming industry backed by Hong Kong tycoon Li Ka-Shing, is planning to pursue an initial public offering on the Hong Kong Stock Exchange.
Chinese multi-brand apparel group Shanghai La Chapelle Fashion Co., Ltd., backed by Legend Capital, Goldman Sachs and other investors, have received approval from Chinese security regulators to list on domestic Chinese stock exchanges three years after it completed an IPO in Hong Kong.
A number of investors in Focus Media Information Technology Co., Ltd. are likely to reaped billions of U.S. dollars in profits after they offload their shares in the Chinese outdoor advertising company that was taken private in 2013 and re-listed in China two years later. According to a disclosure filing yesterday, Chinese private equity firm FountainVest Partners, Tencent Holdings Ltd. and CITIC Capital plan to sell their interests in Focus Media totaling around 14% of the company’s outstanding shares. The …
WuXi Biologics (Cayman) Inc., a Chinese contract drug manufacturer whose parent company is controlled by a group of leading private equity firms, has seen its share price soar after completing a HK$3.98 billion (US$510 million) initial public offering on the Kong Exchange Stock Exchange.
China Investment Corporation (CIC) has agreed to acquire Blackstone’s pan European logistics company Logicor for €12.25 billion (US$13.82 billion), in the largest ever European real estate deal in terms of transaction value.
Chinese alternative investment firm CDH Investments is selling an aggregate HK$5.7 billion (US$730 million) worth of shares in China’s WH Group Ltd., the world largest pork supplier.
Tiansheng Pharmaceutical Group Co., Ltd., a Chinese drug maker backed by local private equity firms DT Capital Partners and Leading Capital, has completed an initial public offering on the Shenzhen Stock Exchange today.
China Rapid Finance Ltd., a Shanghai-based P2P (peer to peer) lending platform backed by Sino-U.S. private equity firm Broadline Capital, has priced an initial public offering to raise US$60 million via a listing on the New York Stock Exchange.
DT Capital Parnters-backed Shaanxi Kanghui Pharmaceutical Co., Ltd., which engages in the research, development and marketing of a range of drugs, has completed a listing on the Shanghai Stock Exchange.
Chinese logistics firm Best Logistics Technology Co., backed by Alibaba Group Holding Ltd. and Hon Hai Precision Industry Co., is planning to raise US$1 billion via an initial public offering in the U.S. later this year.
CMC Capital Partners and FountainVest Partners have sold a combined 5.9% of their shareholding in IMAX China Holding, Inc. at a price of HK$39.72 per share to a prominent international investment bank, the Hong Kong-listed large-format cinema systems operator said today in a release.
Shenzhen-based Chinese gene sequencing giant BGI Genomics Co., Ltd is making another try for a listing on the ChiNext board of the Shenzhen Stock Exchange, seeking to raise US$250 million by issuing 40 million new shares, after its previous application was rejected last November.
Chinese hotel operator China Lodging Group Ltd. has agreed to acquire smaller rival Crystal Orange Hotels Group for RMB3.65 billion (US$531 million) from an investor group led by U.S. private equity giant the Carlyle Group, in a move that further pushes the country’s hospitality sectors to consolidate.
China’s largest express delivery firm S.F. Express is to complete the last step of its back-door listing on the Shenzhen Stock Exchange on February 23, completing an IPO process started a year ago. Shenzhen-based S.F. Express will ring the bell at the city’s local bourse and its reverse merger partner, Maanshan Dingtai Rare Earth & New Materials Co., Ltd., will be officially renamed as S.F. Express in two days, Chinese media reported. Last week, shareholders voted to approve the change …
Gospell Digital Technology Co., Ltd., a Chinese digital television products and satellite TV receivers manufacturer backed by Chinese venture firm Fortune Capital, has completed a listing on the Shenzhen Stock Exchange.
Avery Dennison Corp., a New York Stock Exchange-listed packaging and labeling company, has agreed to acquire Chinese PVC tape manufacturer Yongle Tape Company Ltd. from Hong Kong and Singapore-based private equity firm ShawKwei & Partners at value of US$190 million.
New Century Healthcare, a children’s and women’s hospital operator backed by Chinese alternative investment firm CDH Investments, has completed a listing on the Hong Kong Stock Exchange today. The Beijing-based hospital group has raised around HK$789 million (US$102 million) via the initial public offering. It plans to use the proceeds to open more hospitals and clinics in China’s major cities.
Chinese fast food restaurant chain Da Niang Dumplings Holdings Ltd., which CVC Capital Partners bought out in 2013, is being sold to Chinese hotel group GreenTree Inns Hotel Management Group, Inc., according to a disclosure statement posted on the website of Ministry of Commerce’s anti-monopoly bureau.
CDH Investments has acquired a 36% stake in Ednovation, a Singapore-based pre-school education group, from Tembusu Partners in a deal valued at over S$50 million ($35 million), as the Chinese investment firm plans to help the company expand in China.
China Mengniu Dairy Co., Ltd. has offered to buy out dairy farming company China Modern Dairy Holdings Ltd. for US$826 million to secure a stable supply of raw milk for the Chinese dairy products manufacturing giant.
A logistics subsidiary of Chinese retail giant Suning Commerce Group Co., Ltd. has agreed to acquire Hangzhou-based logistics company, Tiantian Express, for RMB4.25 billion (US$612 million) to expand its delivery and logistics capabilities, the company announced.
China-focused real estate investment firm Century Bridge Capital has completed its first exit from an investment in a property project in Wuxi, China, the firm said without detailing how it cashed out.