Yvette Choo

Gobi Partners and Oak Investment Partners have participated in a third funding round for Digital Media Group, an operator of digital screens on public transport.

The private equity arm of Singapore's DBS Bank is also opening an office in Shanghai to expand its investment activities in China.

Sumitomo Mitsui Banking Corporation has acquired a 20% stake in the Japanese fund of funds manager, which is currently raising a global fund of funds targeting up to $250m.

The third investment from 3i's $1.2bn infrastructure fund will help the Krishnapatnam Port Company further develop and run the Andhra Pradesh-based port.

The Australia-listed private equity fund of funds has stopped making new commitments and ceased dividends for now. The value of its portfolio declined 14.5 percent over the last six months of 2008.

Taking a majority stake in Pranav Construction marks the firm’s maiden investment from its $125m debut fund.

The semiconductor giant's corporate VC arm will fund Enjoyor's R&D in traffic intelligence and digital healthcare technologies. Its software services group has also signed a three-year business collaboration agreement with Chinese company.

Jeff Bennett has been promoted from within the leveraged and acquisistion finance team to replace David Simons.

The venture firm has promoted Francis Chen from venture partner to vice chairman and boosted its deal cutting capabilities in China’s cleantech and core technology sectors with four new hires.

Kevin Wang, a China-focused GP at the Asian Natixis affiliate, will leave to launch his own firm. NPEA, meanwhile, aims to increase its Chinese private equity activities and will open a Beijing office this year.