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17 © 2015 Preqin Ltd. / www.preqin.com
Asian Venture Capital ExitsAsian venture capital exits quadrupled in aggregate value from 2013 to 2014, feeling the positive impact of the reopening of the Chinese IPO market. Emily Forbes takes a closer look at the statistics behind the evidently strong exit environment.
The Facts Asian Venture Capital Exits
Private Equity Spotlight / February 2015
0
5
10
15
20
25
30
35
40
0
20
40
60
80
100
120
140
160
2007 2008 2009 2010 2011 2012 2013 2014
IPO Write OffSale to GP Trade SaleAggregate Exit Value ($bn)
Fig. 1: Number and Aggregate Value of Venture Capital Exits in Asia by Type and Aggregate Exit Value, 2007 - 2014
No
. of
Exits
Source: Preqin Venture Deals Analyst
Ag
gre
ga
te Exit V
alu
e ($b
n)
0
20
40
60
80
100
120
140
160
2007 2008 2009 2010 2011 2012 2013 2014
Greater China South Asia Northeast Asia ASEAN
Fig. 2: Number of Venture Capital Exits in Asia by Region, 2007 - 2014
No
. of
Exits
Source: Preqin Venture Deals Analyst
98%90%
97% 97% 95%83% 86%
98%
2%
3%
3% 2% 4%
11% 6%
2%1%4% 5%7% 2% 3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2007 2008 2009 2010 2011 2012 2013 2014
Greater China South Asia Northeast Asia ASEAN
Fig. 3: Proportion of Aggregate Value of Venture Capital Exits in Asia by Region, 2007 - 2014
Pro
po
rtio
n o
f A
gg
reg
ate
Exi
t V
alu
e
Source: Preqin Venture Deals Analyst
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2007 2008 2009 2010 2011 2012 2013 2014
Industrials Telecoms Other ITInternet Semic. & Electronics Clean TechnologySoftware & Related Consumer Disc. MaterialsBusiness Services Healthcare Other
Fig. 4: Proportion of Number of Venture Capital Exits in Asia by Industry, 2007 - 2014
Pro
po
rtio
n o
f N
o. o
f Ex
its
Source: Preqin Venture Deals Analyst
Fig. 5: Notable Venture Capital Exits in Asia in 2014
Firm Date of First Investment
Investor(s) (Entry)
Total Known Funding ($mn)
Exit Type Exit Date Acquiror (Exit) Exit Value
($mn) Industry Firm Location
Alibaba Group 27-Oct-99
Fidelity Growth Partners Asia,
Goldman Sachs3,806 IPO 18-Sep-14 - 25,000 Internet China
JD.com 21-Aug-07 Capital Today 2,388 IPO 21-May-14 - 1,780 Internet China
Montage Technology 26-Jun-06
AsiaVest Partners, Intel
Capital14 Trade
Sale 11-Jun-2014
Shanghai Pudong Science and Technology Investment
693 Semiconductors China
Source: Preqin Venture Deals Analyst
View the full edition of Spotlight at: https://www.preqin.com/docs/newsletters/pe/Preqin-Private-Equity-Spotlight-February-2015.pdf