Hong Kong heats up

The Hong Kong Stock Exchange could become a more popular exit route for private equity-backed companies.

CVC Capital Partners was surely celebrating the $1.25 billion IPO in May of Samonsite, the luggage maker it helped get back to health post-financial crisis. The London-based private equity firm was reported to be selling down nearly half its stake in the company in the share offering.

The exit represented a number of current trends among global private equity players.