Pacific Equity Partners ('PEP') has resolved a dispute with agency WPP, which stemmed from PEP's sale of its previous investment in The Communications Group ('TCG'). The buying party alleged that PEP had made payments to two executives of TCG for them to stay with the company for a period of 12 months after the sale. According to the Australian Financial Review, PEP has reportedly paid WPP around A$10 million (US$9.3 million) in settlement charges. (Australia)

China Investment Corporation ('CIC') will invest US$1.58 billion for a 15% stake in US-listed power producer AES Corporation ('AES'). In addition, CIC has also signed a letter of intent to invest US$571 million for an approximate 35% stake in the wind generation business of AES. (Offshore)

International Finance Corporation ('IFC') is considering to invest in K.K. Kingston Ltd. ('Kingston') which is based in Papua New Guinea. IFC may allocate up to Kina10 million (US$3.9 million) to support Kingston's capital expenditure programme. Kingston is involved in the manufacturing of a wide range of goods including cleaning chemicals and bleach. (Papua New Guinea)

Fubon Financial Holding Co. Ltd. has teamed up with two local institutions in China to form Fujian Development & Investment Corp. which is a joint venture industrial fund that has a target size of Rmb5 billion (US$735.3 million). (People's Republic of China)

China Everbright Ltd. announced the launch of Everbright Guolian Capital Co. Ltd., a Rmb500 million (US$73.5 million) venture capital fund with Wuxi Gualian Financial Investment Group Co. Ltd. It will primarily focus on investments in hi-tech Chinese enterprises and venture capital companies. (People's Republic of China)

Beacon India Private Equity Fund and Motilal Oswal Private Equity Advisors Pvt. Ltd. are close to purchasing a 15% stake in CK Jaipuria Group for an aggregate 1 billion rupees (US$21.6 million), according to local reports.
       CK Jaipuria Group is a bottling company for PepsiCo's products in India. (India)

The Blackstone Group will commit up to 3 billion rupees (US$63.9 million) to Gateway Rail Freight Ltd. ('Gateway Rail') that will provide the global private equity firm a maximum 49.9% stake in Gateway Rail. The latter came into operation in 2007. (India)

Acumen Fund has invested US$2 million in Pushpagiri Vitreo Retina Institute ('PVRI') which provides eye care services to the underprivileged. Established in 2007, PVRI has treated more than 25,000 patients in Andhra Pradesh, India's fifth most populous state. (India)

Clearwater Capital Partners has committed 353.6 million rupees (US$7.5 million) to Oricon Enterprises Ltd. ('Oricon'). Oricon manufactures metal and plastic packaging products, including aluminium collapsible tubes, plastic closures, aluminium cans and printed metal sheets. (India)

Bessemer Venture Partners, ChrysCapital and ICICI Venture Funds Management Company Limited have increased their stakes in Shriram City Union Finance Ltd. ('Shriram City') through an aggregate commitment of 958.5 million rupees (US$20.6 million) to Shriram City. The three investors had earlier taken stakes in Shriram City. (India)

Sequoia Capital together with FirstMark Capital have participated in IMImobile Pvt. Ltd.'s latest round of financing. The mobile and online value-added services provider raised US$13 million and currently has operations in 66 countries. (India)

Northstar Pacific Partners has secured a 40% stake in PT Delta Dunia Makmur Tbk ('Delta Dunia') in subscribing to shares being placed by Delta Dunia. The transaction was estimated to amount to US$405 million. (Indonesia)

TPG may join American Airlines' parent company, AMR Corp., to invest in Japan Airlines Corp. ('JAL'), according to various global media reports. In late October, JAL sought support from the Enterprise Turnaround Initiative Corporation of Japan. There were reports that suggested the Development Bank of Japan may extend up to ¥100 billion (US$1.1 billion) in loans to JAL to implement its restructuring plan. (Japan)

The Carlyle Group has launched a tender offer to take over Chimney Co. Ltd., a restaurant chain operator. The deal size could amount to ¥20.8 billion (US$230 million). This takeover bid will end on 21st December. (Japan)

AXA Group's decision to sell its 15.6% stake in Taikang Life ('Taikang') is drawing keen interest from private equity investors. Reports suggested that Taikang had garnered expressions of interest from The Blackstone Group, Kohlberg Kravis Roberts & Co., Bain Capital, and Hony Capital.(People's Republic of China)

Green Pine Capital Partners Co., Ltd. confirmed having invested Rmb20 million (US$3.2 million) in Shanghai Soco Software Co., Ltd. which is a leading developer and publisher of mobile phone games. (People's Republic of China)

Hangzhou Rigen Venture Capital Co., Ltd. has invested an undisclosed amount in the first round of financing of Hangzhou SMIC Microelectronics Co., Ltd. which focuses on R&D, production, and marketing of long-range radio frequency identification products. (People's Republic of China)

A consortium formed by Intel Capital, Morningside Ventures and Bertelsmann AG has invested US$25 million in Phoenix Satellite Television Holdings Ltd., a subsidiary of China's Phoenix New Media Ltd. (People's Republic of China)

New Margin Ventures is to participate in a Rmb2 billion (US$316 million) fund raising exercise by Chongqing Tongli Heavy Machinery Co., Ltd. ('Tongli'). The first tranche of the commitment is expected to be injected into Tongli by year end. (People's Republic of China)

Hopu Investment Management Co., Ltd. ('Hopu') is reportedly planning to provide capital to a media company that will be launched by Ms Hu Shuli, the founder and former editor of Caijing magazine. Hopu also has reportedly earmarked US$1 billion for China Minsheng Banking Corp. which is seeking to raise capital for its upcoming initial public offering in Hong Kong.(People's Republic of China)

Granite Global Ventures has unveiled its latest investment in China. The US-based venture capital firm has allocated US$15 million to Qunar.com. (People's Republic of China)

Morgan Stanley is reportedly close to investing between US$200 to US$300 million into Asian Infrastructure Pte. Ltd., a power assets acquisition and development company headquartered in Singapore.
       In 2006, Morgan Stanley launched Morgan Stanley Infrastructure Partners that has a US$4 billion capital pool. (Singapore)

The Dubai-based Shuaa Capital p.s.c. ('Shuaa Capital') has recently sold a substantial portion of its holdings in Edelweiss Capital Ltd. that is estimated to have returned over 593 million rupees (US$12.8 million) to Shuaa Capital's coffers.
       Shuaa Capital first invested in Edelweiss Capital in India in 2006. (India)

Kathmandu Holdings Ltd., a New Zealand-based company backed by Quadrant Private Equity and Goldman Sachs JBWere ('consortium'), was listed on both the New Zealand Stock Exchange and Australian Securities Exchange on 13th November. The consortium is estimated to have returned A$330.5 million (US$307.4 million) to their coffers through this apparel company's initial public offering. Kathmandu is a specialist provider of outdoor and travel clothing and equipment in Australia and New Zealand. (New Zealand)

China High Precision Automation Group Ltd., a leading industrial high precision instruments producer in China, backed by Orchid Asia Group Management Ltd., was listed on The Stock Exchange of Hong Kong. It offered its shares at HK$4 (US$0.51) each. (People's Republic of China)

GIC Special Investments Pte Ltd. Fhas sold all of its remaining holdings in Kingsoft Corporation Ltd. and clocked an estimated return of US$72 million to its coffers, concluding an investment holding period of more than three years. (India)

Chepstow Capital Advisors Ltd. announced the appointments of Mr Michael Tsang and Ms. Genevieve Heng as Managing Directors of the firm, while Mr David Paterson joins as Director. (Hong Kong)