Siddharth Poddar

TPG, MBK Partners, Providence and Macquarie are reportedly among the firms that have made it through the first round of bidding for the media and telecommunications assets of Hong Kong-listed PCCW. Apax, Bain and Carlyle may also be second-round bidders.

The Bangalore-based early-stage investor has led a $12m investment in Seventymm, as the company looks to expand its customer base from 70,000 to 4 million over the next five years. The investment was made from NEA-IndoUS' $190m fund.

The Greater China-focused affiliate of US private equity firm Clarity Partners is investing C$20 million in Canada’s Adaltis to fund the company’s expansion into the Chinese market.

The India-focused fund manager is backing the expansion of a Mumbai-based pre-school operator with a $7m capital infusion.

Pakistani authorities have approved a regulatory framework that provides more clarity with regards to private equity fund formation, registration and fundraising.

Morgan Stanley Private Equity Asia has pulled out of its proposed acquisition of the Korean electronics manufacturer, reportedly over disputes with an electronics labour union. Ripplewood had previously agreed to pay $740m for Daewoo, but the deal also fell through.

The India-focused venture firm has than doubled the size of its debut fund, which closed last year and has backed 13 companies to date.

Olympus has made its fourth Chinese investment with a growth capital infusion in Zhongwang International, the world's third largest aluminium profile company.

Trading of Peace Mark shares has been suspended following an indicative offer from CVC Asia Pacific, which has made four investments in Greater China in the last 12 months. Peace Mark has exclusive arrangements with brands including De Beers and Gucci-owned Boucheron and has a $241m market cap.

ICICI Bank, parent company of ICICI Venture, plans to set up its debut fund, stepping onto its private equity arm's terrain for the first time.