Chinese PE/VC Firms Achieve Record Exits In 2017, IPOs Almost Double From Year Ago

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.

FountainVest, Tencent, CITIC Capital To Reap Billions In Profit From Focus Media Share Sale

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 …

CMC, FountainVest Divest 5.9% Stake In IMAX China

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.

China’s SF Express To Complete Listing In Shenzhen, Founder Worth $16B

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 …

CDH-Backed New Century Healthcare Completes $102M Hong Kong IPO

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.