Ping An Insurance (Group) Co. of China, Ltd. has agreed to extend the subscription date to purchase shares in Shenzhen Development Bank, which is backed by TPG. The deadline has been further extended to 28th June. (People's Republic of China)

Shanghai Dazhong Public Utilities (Group) Co., Ltd. ('Dazhong Utilities') has formed Shanghai Dazhong Private Equity Investment Co., Ltd., which will invest in venture capital and listed enterprises. Dazhong Utilities and its subsidiary will commit a total of Rmb500 million (US$73.3 million) over a period of five years. (People's Republic of China)

China's leading insurance companies are increasing their resources in direct investments.

• Ping An Insurance (Group) Co. of China, Ltd. has invested Rmb240 million (US$35.2 million) in TianYing S.T. Group, which engages in the development of waste incineration power generation projects
• China Life Insurance Co., Ltd. could invest US$250 million in Iron Mining International Ltd. (Mongolia)
  

International Finance Corporation is planning to invest up to US$20 million in AmKonzen Asia Water Fund, which is managed by AmKonzen Water Investment Management Pte. Ltd. The fund has a target size of US$100 million. (Pan-Asia)

Origo Partners PLC and the Xinxiang Municipal Government are setting up Origo China Sustainable Development Fund, a renminbi fund that has an initial target size of US$75 million. The fund targets high growth companies in China's clean tech sector. (People's Republic of China)

Pan-China Construction Group announced the formation of Pan-China City Development and Infrastructure Fund, a strategic partnership with Rizhao Steel Co., Ltd. The fund will be managed by Pan-China Investment Management Ltd. and has an initial target of Rmb5 billion (US$732.5 million). (People's Republic of China)

Tiantu Capital Co., Ltd. has set up its fourth private equity fund, Tianjin Tiantu Xingsheng Private Equity Investment Fund, which was registered in Tianjin for Rmb505 million (US$74 million). The fund focuses on healthcare and low carbon economy industries. (People's Republic of China)

Private equity firms Pacific Equity Partners and CHAMP Private Equity are amongst the bidders for Loscam Ltd., according to media reports. Loscam provides returnable packaging solutions and equipment used to store and move products through the supply chain. (Australia)

The Carlyle Group ('Carlyle') is reportedly close to completing a deal worth A$345 million (US$320 million) with Contract Aviation Industries. The latter was expected to lodge an initial public offering earlier this month before Carlyle jumped in. (Australia)

CVC Capital Partners will invest an aggregate HK$2.1 billion (US$275.5 million) in Sun Hung Kai & Co., Ltd. ('SHK'), one of Hong Kong's oldest securities houses. SHK offers financial services including wealth management, asset management and corporate finance. (Hong Kong)

Reliance Equity Advisors (India) Ltd., the private equity arm of Reliance Capital Ltd., has invested 1 billion rupees (US$22.6 million) in Pathways World School ('Pathways'). Pathways provides education from pre-nursery to Grade 12 in Aravali, Gurgaon and Noida. (India)

Peepul Capital, together with German-based Loyalty Partner, will invest in Loyalty Solutions & Research Ltd. for around 1 billion rupees (US$22.4 million), according to local reports. ICICI Venture Funds Management will reportedly sell its holdings and retain only 10%. (India)

CCB International Healthcare Fund Management Co. has invested around Rmb180 million (US$26.4 million) in Chengdu Puth Medical Plastics Packaging Co., Ltd. ('Puth Medical'), according to sources. Puth Medical engages in the medical disinfectant packaging business. (People's Republic of China)

GSR Ventures, Sequoia Capital China, Ceyuan Ventures and Fidelity Asia Ventures have committed US$20 million to NetQin Mobile Inc. ('NetQin Mobile') in the latter's third round of financing. NetQin Mobile is a mobile security solutions provider.(People's Republic of China)

Kunwu Jiuding Capital Co., Ltd. has invested Rmb110 million (US$16.2 million) in Shanxi Powerdone Pharmaceutics Co., Ltd., which is a private pharmaceutical company in China. (People's Republic of China)

Sequoia Capital India Advisors Pvt. Ltd. ('Sequoia') has sold its entire holding in Manappuram General Finance & Leasing Ltd. and realised 2.9 billion rupees (US$65.3 million). Sequoia has also sold its interest in Sevenstrata IT Services Pvt. Ltd., a remote IT monitoring and management services firm, to MindTree Ltd. for an undisclosed price. (India)

Advantage Partners, Inc. ('Advantage') has concluded its investment in the Japanese supermarket chain, The Daiei, Inc. In its latest round of divestiture, Advantage returned approximately ¥10 billion (US$106.4 million) to its coffers. (Japan)

Two companies backed by Shenzhen Capital Group Co., Ltd. were listed on ChiNext.

• Beijing eGOVA Co., Ltd., a software provider for various government departments in China
• Beijing Easpring Material Technology Co., Ltd., a lithium-ion battery component supplier. (People's Republic of China)
  

WuXi PharmaTech (Cayman) Inc. ('Wuxi'), backed by General Atlantic LLC and Warburg Pincus, will be acquired by Charles River Laboratories International Inc. for US$1.6 billion. Wuxi is a pharmaceutical, biotechnology and medical device outsourcing company in China. (People's Republic of China)

Bain Capital LLC is to relocate its London-based Managing Director, Mr Walid Serge Sarkis, to its Hong Kong office, according to The Wall Street Journal report. (Hong Kong)

CVC Capital Partners ('CVC') announced the appointment of Mr Allen Han as Senior Managing Director of both its Shanghai office and CVC Asia Pacific's operations team. (Pan-Asia)