Exit Deals

  • EQT Partners on its exit from its investment in LBX Pharmacy Chain Joint Stock Company, raising RMB 5.3 billion.
  • Oaktree Capital on its sale of its 100% equity stake in Axilone Group’s global business (including Zhejiang Axilone Shunhua Aluminium & Plastic Co) to Citic Capital by way of an auction sale.
  • Unitas Capital on its sale of its controlling stake in Guangdong Jiahao Foodstuff Co., for US$700 million.
  • EQT Partners on its sale New Qinyuan Bakery Co. to Swire Pacific.
  • FountainVest Partners on the sale of its 17.5% stake in Peacebird, an A-share listed company, to Peacebird Group, for RMB1.7 billion.
  • KKR on its exit from Haier through negotiated deal and block trade.
  • Newbridge Capital on the sale of its controlling stake in Shenzhen Development Bank to Pingan Group.
  • TPG on its sale of HCP, a China packaging business, to Baring Equity Partners.
  • TPG on its sale of UniTrust Leasing to Haitong Securities for US$715 million.
  • TPG on its sale of Chindex, which operates United Family hospitals in China, to New Frontier.

General

  • KKR’s acquisition of a majority stake in NVC Lighting’s China business for US$794 million.
  • PAG Asia Capital in bidding for the acquisition of Yingde Gas for HK$11.3 billion.
  • Blackstone on its acquisition of SHP Group, a global cosmetics packaging manufacturer, for US$1.1 billion.
  • The investors’ consortium of ANTA, FountainVest and others on their all-cash tender offer for Amer Sports Corporation, a sporting goods company, for €4.6 billion.
  • Canada Pension Plan Investment Board, Warburg Pincus, Discovery Capital Management and Boyu Capital on their minority investment in Ant International Co. involving a total financing of US$14 billion.
  • Local Services Holding, the holding company of me and Koubei, on its equity financing by Alibaba, SoftBank, and other third party investors, involving a transaction price of US$3 billion.
  • KKR, TPG and GIC on their investment of US$1 billion in CICC, the first foreign-invested Chinese investment bank.
  • Carlyle on its investment in a minority stake in China Pacific Insurance Corporation for US$800 million.
  • TPG on its minority investment in Lenovo for US$350 million.
  • Blackstone on its US$600 million investment in China National BlueStar Group
  • Baring and other investors in relation to the privatization of Giant Interactive Group Inc., with a deal size of US$2.8 billion.
  • Focus Media on its privatization backed by private equity investors with a deal size of US$3.7 billion.
  • The investor consortium led by the chairman of eHi and MBK Partners to take private eHi Car Services for US$938 million.
  • Newbridge Capital on its acquisition of a controlling stake in Shenzhen Development Bank, the first acquisition of an A share-listed bank by a foreign investor.
  • A buyer consortium comprising Kunlun, Qihoo 360 and Golden Brick Capital Management on the US$575 million purchase of the Opera web browser, the core business of Opera, a Norway-listed internet company.
  • TPG on its US$460 million acquisition, together with Fosun Pharm, of Chindex International, Inc.
  • MBK Partners on its offer of US$253 million to buy Singapore-listed AsiaPharm, a company listed on the Singapore Stock Exchange.
  • Goldman Sachs and GIC on their investments in iKang Healthcare, the leading health inspection service provider in China, for approximately US$100 million.

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