Siddharth Poddar

BTS Investment Advisors is reportedly looking to raise two private equity funds that will take its India-focused private equity assets under management from $100m to $500m.

What was expected to be a battle between Bain and Silver Lake for one of the largest-ever private equity deals in China has been put on hold. Huawei decided to halt the sale of its mobile phone unit, a division valued at $4bn, due to uncertain global market conditions.

Singaporean sovereign fund Temasek Holdings will own Singapore's airport by July 2009. The government decided to privatise the airport to give it 'greater flexibility' in a deal that is estimated to be worth up to $2bn.

The distressed investment specialist has teamed with South Korea's National Pension Service to jointly pursue investments in private equity, special situations and real estate.

Apax Partners, The Blackstone Group and Providence Equity Partners are reportedly eyeing the buyout of Firstsource, in a deal that could be worth about $400m.

The Singaporean sovereign wealth fund could fetch an estimated $2.5bn in what will be its third power company sale in 2008.

The global alternatives manager has closed its first large Chinese acquisition more than a year after agreeing to invest in the state-owned chemicals company Bluestar.

Dubai International Capital remains bullish on opportunities in the emerging markets despite the effects of current market troubles, its COO Anand Krishnan said at the recently concluded Private Equity International India Forum in Mumbai.

Demand for private equity talent in India is higher than ever before. For fund managers and their limited partners, this is proving a headache, reports Siddharth Poddar.

The Palo Alto venture firm has made its sixth investment in India by teaming with Reliance to back e-transaction company Suvidhaa.