The three-month long dispute between Warburg Pincus and the Shanghai-listed Datang Telecom Technology Co. Ltd. entered into a new page of development at the end of November. Warburg Pincus has taken full control of Datang Telecom Holdings, the holding vehicle that was created to take up a 90% equity position in Datang Microelectronics Technology, the profitable integrated circuit business of Datang Telecom Technology Co. Ltd. The 100% ownership of Datang Telecom Holdings gives Warburg Pincus an effective 36.71% stake in Datang Microelectronics Technology.



CCMP Capital Asia (formerly JP Morgan Partners Asia) is reportedly agreeing to pay A$1.2 billion (US$886 million) in its bid for Waco International, a scaffolding and porta-cabin company, according to sources from Australia. CCMP Capital Asia’s bid beats an earlier bid by Catalyst Investment Managers and CVC Asia Pacific. If the deal proceeds it will be one of the largest buyout transactions undertaken by a pan-Asian buyout firm this year.



Nikko Principal Investment Japan Ltd. announced its withdrawal from bidding for Kanebo just before the final round, citing lack of sufficient financial information provided by the Industrial Revitalisation Corp. However, CVC Asia Pacific and RHJ International have not left the cosmetic company's negotiation table.



Unza Holdings, a personal care products company, announced postponement of its listing on SGX. The company is backed by both Actis and Standard Chartered Private Equity which jointly hold 60% in the company. Unza is concerned that it would not receive sufficient market attention, given the long list of public offerings coming into the market, especially at the end of the year.



Pacific Equity Partners announced its intention to raise a record-breaking A$1 billion (US$739 million) buyout fund, A$50 million more than that achieved by CHAMP Private Equity earlier in the year. If its goal is met, Pacific Equity Partners' new fund will be the largest buyout fund for Australia.



IL&FS Investment Managers has achieved the final closing of its Leverage India Fund which closed at US$153 million. The fund's original target was US$120 million. It is mandated to invest primarily in infrastructure and select growth sectors.



Ashmore Investment Management, the UK-based hedge fund, has taken a controlling stake in the largest supermarket chain, Minrun Agricultural Products Distribution Chain Store in Guangdong province, South China. The transaction size is 300 million yuan (US$37.1 million) which will allow Ashmore to take up a 70% equity position in the supermarket Chinese operator.



Citigroup Venture Capital International ('CVC International') has taken up an approximate 30% equity holding in Spentex Industries, representing a capital deployment of 700 million rupees (US$15 million). Spentex Industries, based in Baramati close to Mumbai, manufactures cotton yarn.



Catalyst Investment Managers and CHAMP Private Equity Partners will pay A$220 million (US$163 million) in taking over the discount retail outlets operated by Millers of Australia and the Australian variety stores run by the Warehouse Group of New Zealand.



HAV2, a fund advised by HSBC Private Equity, has invested 165 million rupees (US$3.8 million) in MeritTrac Services. Founded in 2000, MeritTrac provides skills assessment and recruitment process outsourcing with a focus on the technology sector. Its client list includes well known industry companies such as Microsoft, Dell and Google.



Japan's largest golf course management company, Pacific Golf Group International Holdings, is scheduled for a public listing on 15th December. A wholly-owned portfolio company of Lone Star, it shall be the third Japanese divestment in the third quarter for Lone Star. Earlier, the private equity firm had divested of about one third of its holdings in Tokyo Star Bank and its stake in First Credit to Sumitomo Trust and Banking. Lone Star will be offering a third of its holdings or 297,000 shares in Pacific Golf Group. The share price is expected to be in the range of ¥102,000 to ¥112,000 each.



Hotel operator, Royal Orchid Hotels, has issued a red herring prospectus in preparation of listings on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The company which recently enlisted Westbridge Capital Partners as an investor plans to offer 6.8 million shares representing 25.04% of its enlarged share capital to investors. No price range for the issue has been set.