Sharon Lim

Southern Cross, an Australian venture capital firm that was established only at the start of the year, has held a first close for an early-stage technology fund on A$100 million.

A planned auction of Ashikaga Bank, a Japanese bank revitalised by the government, is reportedly drawing interest from private equity groups including Lone Star.

A southeast Asian fund has embarked on a roadshow to raise up to $500 million with at least 50 percent dedicated to Indonesia.

Warburg Pincus and a Chinese investor have secured a syndicated loan to acquire Shandong Deosen Corp, a producer of food additive in China, in a rare leverage buyout in that market.

Pacific Equity Partners, an Australian buyout group, is joining forces with the founder of The Warehouse Group, New Zealand’s largest listed retailer, in a take-private proposal.

RHJ International, Euronext-listed holding company of US buyout firm Ripplewood, has boosted its Asian presence creating a new subsidiary and making new hires.

Two private equity firms have been shortlisted from an original list of six that included Kohlberg Kravis Roberts and Goldman Sachs to compete for the acquisition of China Networks Systems, a Taiwanese cable TV operator.

Mitsubishi Corporation has committed ¥5 billion to a fund of funds being raised by Alternative Investment Capital, a joint venture formed with Daido Life Insurance .

US turnaround specialist has bought two automotive suppliers – one German, the other Japanese – for $305 million as US billionaire Wilbur Ross continues to extend his global exposure in the sector.

Ripplewood Holdings, a US private equity firm, and Videoncon Industries, an Indian strategic partner, have won the race to acquire Korea’s Daewoo Electronics in a transaction worth a reported $700 million.