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Jan 20, 2025 | 
ionanalytics.com | Eva Ng |Jane He |Keane Hoo
SummaryDeal size will be around USD 1bnEQT opted for carve-out over full entity sale for quicker processEQT is about to sell the mainland China business of Taiwan-based contact lens producer Ginko International to Advent International, said four sources familiar with the situation. The deal size could be over USD 1.1bn, one of the sources said. EQT decided to go ahead with a mainland China carve-out instead of a full entity sale as the process would be quicker.
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Jun 4, 2024 | 
ionanalytics.com | Wong Ka-Chun |Arezki Yaiche |Jane He |Eva Ng
LVMH Moët Hennessy Louis Vuitton [EPA:MC]’s sale of DFS Group is likely to take place this summer (Northern Hemisphere) at the earliest, according to four sources familiar with the situation. The EUR 371.2bn (USD 404.9bn)-market cap global luxury goods conglomerate, together with the deal’s sell-side advisor Morgan Stanley, has sounded out some potential bidders in preparation for the proposed sale, which may launch within the next two or three months, they said.
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May 27, 2024 | 
ionanalytics.com | Eva Ng |Manu Rajput |Keane Hoo
Hong Kong’s take-private game is luring hungry bidders with deep pockets ready to snap up undervalued listed companies amid an ongoing lacklustre market. This route has emerged as a key avenue for those suitors looking to deploy idle dry powder.
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May 17, 2024 | 
ionanalytics.com | Yiqing Wang |Maggie Yueyang |Wong Ka-Chun |Eva Ng
The owners of Asia Pacific’s leading pallet pooling company Loscam have just revived sale efforts, with UBS as sell-side advisor, three sources familiar with the situation said. Based in Victoria, Australia, the company is majority owned by China Merchants Group, together with private equity firms Trustar Capital and FountainVest Partners. The owners have sent out IMs to sell the whole business as a preferred option, according to the sources.
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Feb 20, 2024 | 
ionanalytics.com | Ellen Chen |Eva Ng |Raj Saiya |Lucy Chapman
Data Insight Robot-themed movies date as far back as the 1920s, almost 100 years post the industrial revolution. Reality, though, has caught up much more slowly. Now, they are as simple as your everyday carpet cleaners or as sophisticated as robotic arms in challenging environments such as underwater or below freezing point.
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Nov 22, 2023 | 
ionanalytics.com | Keane Hoo |Eva Ng
Regional insurer AIA Group [HKG:1299] is among those shortlisted for second-round bids of the Greater China asset owned by Icon Group, an Australian integrated cancer care provider backed by one of EQT’s infrastructure funds, according to two sources familiar with the situation. Icon Group is discussing specifics with AIA Group and two other shortlisted suitors regarding the potential carve-out, the sources said.
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Nov 9, 2023 | 
community.ionanalytics.com | Eva Ng
Ahead of our 36th AVCJ Private Equity & Venture Forum to be held between 13 and 16 November, we analyze private equity pipeline activity based on Mergermarket’s Likely to Exit (LTE) predictive algorithm. Mergermarket's LTE predictive analytics assign a score to sponsor-backed companies to help track and predict a potential exit through M&A, an IPO, a direct listing or a deSPAC transaction.
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Aug 24, 2023 | 
community.ionanalytics.com | Wong Ka-Chun |Eva Ng
ANTA Sports [HKG: 2020], a Chinese athletic apparel maker, is planning a potential spin-off for its 52.7%-held Amer Sports in the form of an initial public offering (IPO) in the US, said two sources familiar with the situation. The HKD 220bn (USD 28.1bn)-market cap company has hired three investment banks including Morgan Stanley to help arrange the potential spin-off listing, the sources said.
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Aug 22, 2023 | 
community.ionanalytics.com | Eva Ng |Joyce Chen
Indicative price as floor price might see buyers losing advantage SFC has no plan to adopt Five Tests in chain principle situations Takeovers code amendments stand, no key further changes expected Hong Kong’s financial watchdog’s plan to give itself the power to issue a put up or shut up (PUSU) order is one of the most significant forthcoming changes to the Codes on Takeovers and Mergers and Share Buy-backs, said financial and legal advisors.
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Jul 27, 2023 | 
info.mergermarket.com | Eva Ng |Maggie Yueyang |Celine Ge
Data insight By Eva Ng, Maggie Lu Yueyang , Celine Ge, Icon Group, an Australian integrated cancer care provider backed by one of EQT’s infrastructure funds, has been approached by potential buyers for its Greater China business, according to two sources familiar with the situation. It is still early days, according to the first source, while the second source said that the company has not made a decision to sell yet. There has been recent market chatter that Icon Group is exploring a...
