AVCJ Private Equity & Venture Forum China 2023

The premier private equity & venture forum in China

China World Summit Wing Hotel, Beijing & Online

06 Sep

Exits – secondary buyouts, trade sales and IPOs

The challenging macro condition have affected private exits in China as GPs pivoted from tried-and-true strategies and focused on selling to those that truly understand the opportunity…other GPs. According to AVCJ Research, secondary exits accounted for 55.9% of total Chinese PE exits from just 16.3% in 2021. By contrast, the more traditional routes of trade sales and IPOs accounted, respectively for 28% and 15% of 2022’s $4.8 billion tally. Will exits may quickly bounce back in 2023/24 as economy improves, GPs get more comfortable with secondary deals and IPO market returns. Our panel discuss the outlook for exits in China.

  • How are GPs and LPs looking at exits and generating liquidity during uncertain times?
  • Will secondary transactions become the mainstream of deal flow? What are the challenges and how did the players overcome?
  • Will M&A exits become more common due to regulatory restrictions and the long IPO backlog?
image image image image image
  • Speakers keyboard_arrow_down
    Yiqing Wang Managing Editor, M&A and ECM, APAC MERGERMARKET Bio
    Alex Shum Managing Director TPG NEWQUEST Bio
    Shuting Qi Partner HAN KUN LAW OFFICES Bio
    Yunyan Sang Vice President LEXINGTON PARTNERS Bio
    Jolie Chow Managing Director PJT PARTNERS Bio