Carlyle-backed Focus Media plans $1 billion HK IPO in early 2015 – IFR


(Reuters) – Focus Media Holding Ltd, a Chinese display advertising company backed by Carlyle Group and other private equity firms, plans a $1 billion initial public offering in Hong Kong early in 2015, IFR reported on Friday, citing sources familiar with the plans.

No banks have been formally mandated for the IPO, added IFR, a Thomson Reuters publication. The deal would come less than one year after Focus Media delisted from the Nasdaq stock market.

Carlyle, FountainVest Partners, CITIC Capital Partners, China Everbright and Fosun International Ltd acquired Focus Media in May 2013 for $3.8 billion, in what was China’s biggest-ever leveraged buyout.

 

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.