The liquidators of China Taizi Foods Company Ltd. ('China Taizi') are seeking buyers for six operations that are currently assets of Hunan Taizinai Group ('Taizinai'). The latter, held through China Taizi, a Cayman Islands registered company, had earlier raised US$73 million in capital from Actis, Goldman Sachs and Morgan Stanley. Taizinai manufactures and wholesales yoghurt drinks in China. Its creditors, Citibank (China) Co. Ltd. petitioned for China Taizi's liquidation. (People's Republic of China)

International Finance Corporation is planning to invest in Lok II, a ten-year microfinance fund advised by Lok Advisory Services Pvt. Ltd. Lok II intends to raise US$80 million. (India)

Temasek Holdings has taken a 5% stake in National Stock Exchange of India Ltd. ('NSE') from NYSE Euronext for US$175 million, according to Bloomberg. In 2007, NYSE Euronext acquired a 5% stake of NSE for US$115 million. (India)

International Finance Corporation is considering an allocation to Muyuan Foodstuff Co., Ltd. ('Muyuan'), one of the largest hog producers in China. After the expansion, Muyuan's annual hog production capacity will increase from 0.5 million to 1 million. (People’s Republic of China)

China Merchants China Direct Investments Ltd., will inject Rmb200 million (US$29.3 million) into Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership). The latter has a target fund size of Rmb5 billion. It is the first fund in China that focuses on the country's culture and media industries. (People's Republic of China)

Pre-IPO Capital Partners Ltd., a private equity investment firm in China, formed a strategic partnership with Foshan-based Success-Lead Capital Management Co. to establish a fund that has a target of Rmb1 billion (US$146.5 million). It is the first fund management joint venture registered in Foshan, Guangdong province. (People's Republic of China)

US-based The Riverside Company has acquired a majority stake in The Boost Investment Group ('Boost') for an undisclosed amount. According to local reports, Riverside paid around A$70 million (US$64.8 million) for this buyout. (Australia)

Kohlberg Kravis Roberts & Co is planning to invest around US$100 million in Avnija Properties Ltd. (‘Avnija’), according to local sources. Dalmia Cement (Bharat) Ltd., the parent company of Avnija, manufactures cement, sugar, power generation and electronic goods. (India)

Singapore-listed Asiasons Capital ('Asiasons'), through its Dragonrider Opportunity Fund, has assumed control in Chaswood Resources Sdn. Bhd. ('Chaswood') for RM37.5 million (US$11.7 million). Chaswood is the franchise holder of T.G.I. Fridays, an Amercian dining chain, in both Malaysia and Singapore. (Malaysia)

OrbiMed Advisors, LLC and Martin Currie Asset Management have co-led a Series B financing of Realton Corporation ('Realton') for an undisclosed amount. Headquartered in Beijing, Realton is a developer of powerful and cost effective laser systems used to treat enlarged prostates. (People’s Republic of China)

Orchid Asia Group Management, Ltd. has invested undisclosed amounts in two companies, China T-Star Group Ltd. ('China T-Star') and United Power Group ('United Power').
       China T-Star is a sports and leisure chain operator in China. United Power engages in the design and manufacture of an extensive range of power equipment, including engines, generators and water pumps. (People’s Republic of China)

AIF Capital will acquire a 10% stake in Oriental University City Ltd. ('Oriental University City') for Rmb350 million (US$51.5 million). Oriental University City is owned by Singapore-based Raffles Education Corporation Ltd. (People's Republic of China)

Mastermyne Group Ltd., backed by CHAMP Ventures, was listed on the Australian Securities Exchange. CHAMP Ventures has sold all of its interest and returned an estimated A$23 million back to its coffers. Mastermyne is a provider of coal mining services. (Australia)

Citi Venture Capital International ('CVCI') has sold two-thirds of its convertible holding in JBF Global Pte. Ltd. ('JBF Global'). CVCI first made a commitment to JBF Global in 2007. JBF Global manufactures and supplies polyester chips and polyester to the international market. (India)

Nomura Principal Finance Co., Ltd. ('NPF') has sold its entire stake in Misawa Homes Co., Ltd. ('Misawa') for a fraction of its original cost. Misawa is a home developer listed on the Tokyo Stock Exchange and raised capital from NPF back in 2005. (Japan)

Shenzhen Hepalink Pharmaceutical Co., Ltd. ('Hepalink') was listed on the Shenzhen Stock Exchange. At Rmb148 (US$21.8) per share, Hepalink’s offer price was the highest for an initial public offering on the southern bourse in China. Goldman Sachs invested in Hepalink in 2007. It did not dispose of its holdings at the initial public offering. (People’s Republic of China)

Charm Communications Inc. ('Charm'), backed by AIF Capital, made its debut on NASDAQ on 5th May. On its first day of closing, its American Depositary Shares recorded a slight decline from their offer price.
       Charm is a leading integrated television advertising services provider and a pioneer in the procurement of media resources in China. AIF Capital invested in Charm in 2008. (People's Republic of China)

Mr Jayanta Banerjee, president of ICICI Venture Fund Management Company Ltd. is said to have left the firm. He will be joined by Messrs Anand Vyas and Suna Mathure. (People's Republic of China)

Citi Venture Capital International ('CVCI') announced the appointment of Mr Sunil Nair to be head of its private equity business in India, filling the vacuum that will be left behind by Mr PR Srinivasan who will be leaving for personal reasons. (India)