Siddharth Poddar

Daewoo's creditors have opted to restructure the company rather than sell it. It marks the third failed attempt to sell the embattled electronics maker to a private equity group since Ripplewood first tried to buy the company in 2006. A deal with Morgan Stanley's Asian private equity arm fell apart last year.

The South Asian nation had a 45% drop in total deal value and a 24% decline in the total number of deals announced in 2008 compared to 2007.

Global infrastructure specialist Macquarie and the Abu Dhabi Commercial Bank have already raised more than half the fund.

India’s largest infrastructure-focused private equity firm has invested INR2bn in Deepak Cables, following an investment of INR850m by UTI Ventures.

Qatar's QInvest is aiming for a $250m first close early next year for its maiden private equity fund. Meanwhile, plans to raise $1bn in tandem with Silver Leaf and Qatar Islamic Bank have been delayed.

CDH Investments has teamed up with Goldman Sachs to provide growth capital funding to Himin Solar Energy Group. The capital will help push the company, which makes products like solar water heaters and solar lamps, towards an initial public offering.

Huntsman is due to receive a $1bn break-up fee from various parties involved in the failed deal, which was originally agreed in August 2007 as a $10.6bn add-on acquisition.

MYOB’s board has approved the terms of an amended take-private offer that values the company at A$450m, A$13m more than the previous offer.

MYOB’s board has approved the terms of an amended take-private offer that values the company at A$450m, A$13m more than the previous offer. It is the third offer since May.

The Mumbai-based private equity firm has raised $225 million for an India-focused private equity growth fund, falling short of its target of $400 million.