The percentage of Qantas' shares tendered has declined to 25.51% as at 27th April, compared to 27.8% that was last being notified to the public. The offer is due to close on 4th May. (Australia)

The partners of TDF Capital have decided to team up with Silicon Valley's Kleiner Perkins Caufield & Byers ('KPCB'). The merger also marks the entry of KPCB into the China market with one of the most outstanding venture capital teams in China. (People's Republic of China)

The Bahrain-based Khaleej Finance and Investment announced the final closing of its first India-focused fund, Indian Private Equity Fund, with committed capital at US$200 million. ICICI Bank has been enlisted as its financial partner. (India)


The Bay Area Council announced that it will join forces with the Shanghai-Hong Kong Council for Promotion and Development of Yangtze to launch a venture capital fund that has a target size of US$200 million to US$250 million. (People's Republic of China)



The Goldman Sachs Group, Inc. announced the final closing of its sixth global buyout fund, GS Capital Partners VI, with a funds pool of US$20 billion. GS Capital Partners VI will focus on buyouts, re-capitalisations and growth capital across a broad range of industries. (Global)



Canaan Partners has teamed up with the Silicon Valley Bank to park US$3.1 million in iYogi Holdings Ltd. which is a provider of live computer support by phone and via remote access from India, for home and small office home office users. (India)


Wolfensohn & Co. LLC, a private equity firm founded by Mr James D Wolfensohn, former president of the World Bank, has made its first investment in India. It has taken a minority stake in Fabindia Overseas Pvt Ltd. for an undisclosed amount. (India)

CLSA Capital Partners will assume a majority holding in the Osaka-listed Trustex Holdings, Inc. through a deployment of US$43 million. The deployment will come from CLSA Sunrise Capital LP. (Japan)

Goldman Sachs and CDH Investment have raised their offer price for Shuanghui Investment and Development to 31.17 yuan (US$4.04) per share, compared to 18 yuan previously offered. The total value of this offer is now worth 6.29 billion yuan or US$814.66 million. (People's Republic of China)

Walden International has recently injected US$13.5 million into Photop Technologies Inc. ('Photop'), a photonics designer & integrated manufacturing company which is based in Fujian Province and has research and development centres in China, Europe and USA. (People's Republic of China)

Yes!PPG, a leading consumer goods provider, has received its second round of financing from JAFCO Asia, Venture TDF and Kleiner Prekins Caufield & Byers. No transaction amount has been disclosed. Yes!PPG sells clothing and accessories. (People's Republic of China)

Asia Media Company Limited ('Asia Media') became the first company from the People's Republic of China that was listed on the MOTHERS market of the Tokyo Stock Exchange. Backed by Sequoia Capital China, Asia Media offered its shares at ¥640 (US$5.38) each. On its first day of trading, its share price closed on that day at ¥752, a 17.5% rise from its initial public offering price. (People's Republic of China)

The Carlyle Group has signed an agreement to sell all of its holdings in Rhythm Corp. for ¥12.6 billion (US$106 million). In November 2004, it invested US$194 million in Rhythm, auto parts maker. (Japan)

Mr Joe Zhou, formerly a Partner at SAIF Partners, has joined Kleiner Perkins Caufield &;amp Byers's China operation as a partner. (People's Republic of China)

Ms. Tina Ju, Messrs. David Su, Forrest Zhong, all partners at TDF Capital, have joined Kleiner Perkins Caufield &;amp Byers's China operations as partners. (People's Republic of China)