RHJ International and The Carlyle Group have expressed their interest to purchase different portions of the US-based Metaldyne Corporation ('Metaldyne') which filed for Chapter 11 protection. Metaldyne is a wholly-owned subsidiary of Japan's Asahi Tec, in which RHJ International is a majority shareholder. (Japan)

The Korea Development Bank has formed an investment partnership with Kohlberg Kravis Roberts. The lender, which will be privatised, has been searching for partners to form a restructuring fund. (South Korea)

The International Finance Corp. is considering an investment in SHARE Microfin Ltd. which is planning to raise US$50 million. SHARE had earlier raised funds from Legatum Ventures Limited and Aavishkaar-Goodwell India Microfinance Development Company Ltd. (India)

China Mining United Fund has become the country's first mining-focused industrial fund and has a target size of 10 billion yuan (US$1.5 billion).The fund will seek investment opportunities in local non-listed mining industry companies, and will also look at listed foreign mining firms through an overseas sub-fund. (People's Republic of China)

Shanghai Shangruan Investment Co., Ltd. is launching a 2 billion yuan (US$293.1 million) logistics-focused industrial fund in Guiyang, a city in Guizhou Province, according to domestic reports. The People's Government of Guizhou Province is sponsoring 200 million yuan of the fund. (People's Republic of China)

CITIC Capital Holdings Limited has announced a joint venture infrastructure fund with Kazyna Capital Management JSC ('Kazyna') that will have an initial fund pool of US$200 million and will invest in infrastructure projects in China and Kazakhstan.
       Kazyna was formed by Samruk-Kazyna National Welfare Fund. It acts as a fund of funds. (Central Asia)

Harbert Australia Private Equity announced having taken an 18.1% equity stake in Solar Shop Australia Pty Ltd which has an enterprise value of A$50 million (US$39.05 million).
       Solar Shop's core business is focused on the sale and installation of solar photovoltaic panels for domestic houses. (Australia)

TPG Capital ('TPG') has agreed to commit over HK$1.0 billion (US$131.38 million) to Daphne International Holdings Limited ('Daphne') through a combination of unsecured convertible bonds and warrants. When both instruments are fully-exercised, TPG will attain a 14.5% stake in the company. Daphne manufactures and retails its own brands along with other international brands. It has an extensive distribution network across China as well as in Taiwan. (Hong Kong)

Lighthouse Funds LLC has committed to an equity stake in Radiant Hospitality Services Pvt. Ltd. for an undisclosed sum. The hospitality service provider specialises in housekeeping, pest control, concierge and home care services. (India)

Marunouchi Capital Co., Ltd. ('Marunouchi') will acquire 15% interest in Tomy Co. Ltd. for ¥8.42 billion (US$88.9 million). Of this, Marunouchi will purchase a 10% stake from TPG and the remaining 5% from Tomy. TPG will in turn use the proceeds derived from this partial disposal of its holdings to buy bonds worth ¥5.6 billion issued by Tomy.
       In 2007, TPG committed an approximate US$138.9 million for its interest in Tomy, a toy making company. (Japan)

Unison Capital announced its decision not to proceed with its bid to purchase at least 35.2% of Aderans Holdings Co., Ltd. ('Aderans'), following results at the target company's annual general meeting held on 28th May. Unison's attempt to obtain a substantial minority stake in Aderans had earlier received a setback when a major shareholder urged others to reject Unison's planned bid offer, citing an inadequate valuation. (Japan)

Touchmedia has completed its third round of fund raising, receiving an additional 100 million yuan (US$15 million) from a group of investors led by CDIB Capital, as well as some existing investors, including Qiming Ventures. Touchmedia specialises in touch-screen advertising. (People's Republic of China)

South Korean buyout firm Vogo Fund is in advanced talks to acquire 31.7% of BC Card Co. from Hana Bank and Standard Chartered First Bank, according to Reuters. BC Card is one of the largest credit card companies in South Korea. It has a customer base of 40.26 million cardholders and 2.62 million merchants as of February 2009. (South Korea)

Mekong Capital announced having committed US$9.4 million to Masan Food Corp. which is a leading Vietnamese-owned manufacturer of food condiments as well as a maker of noodles. Earlier, Masan Food had received financings from VinaCapital and BankInvest Group. (‪Vietnam)

Citigroup Venture Capital International has reportedly sold a portion of its stake in HT Media Ltd as well as having partially divested its holdings in Lupin Ltd. The two realisations have returned around 700 million rupees (US$14.7 million) and 1 billion rupees respectively to the investment firm. (India)

Morgan Stanley Private Equity Asia ('MSPEA') is reportedly selling a principal portion of its holdings in Ssangyong Corp. ('Ssangyong'), the trading arm of the former Ssangyong Group. The transaction is expected to complete by the end of June with the buyer paying a maximum amount of 133.66 billion won (US$ 107 million) to take a 69.53% equity stake in Ssangyong. MSPEA invested in Ssangyong in 2006. (South Korea)