Aston Tan

India's TV and entertainment sector has piqued the interest of two private equity firms in talks to acquire broadcaster Multi Screen Media.

The UK Bank's private equity unit has made its third deal in India in as many weeks with a $56m investment in Varun Beverages International, PepsiCo's biggest bottler in South Asia.

The size of the close is confidential, however the fund is targeting $482m in commitments.

The launch of Leopard Cambodia-Laos Fund II last year has been rescheduled with a $75m target and a close slated for the end of the year.

The alternative investment specialist led by TPG's former top dealmaker Weijian Shan has reached a first close on its way to a $2.5bn target.

Bain Capital's Jingsheng Huang is moving to join rival TPG's China office and will begin his new role in late August. TPG is currently raising two separate RMB funds in Chongqing and Shanghai.

The China-focused venture capital firm has closed its fourth technology-focused vehicle after garnering support from investors including Horsley Bridge Partners.

The Swiss-headquartered alternatives firm is the latest global private equity player to launch an RMB-denominated fund.

The US private equity firm's backing of an oil and gas pipe-maker highlights two recent trends in the Indian private equity market.

Following a government review, the UK-backed investment group will now exclusively focus on direct and debt investments in South Asia and sub-Saharan Africa.