Dubai International Capital LLC ('DIC'), a subsidiary of Dubai Holdings, was dissolved in January this year, according to various media reports. (Offshore)

The Shanghai-based Fosun Group, which earlier launched a joint venture fund with The Carlyle Group, acquired a 7.1% stake in Club Méditerranée, a world-renowned resort group listed on Euronext. (People's Republic of China)

ICICI Bank is to set up a US$100 million fund that targets small and medium-sized enterprises. The Emerging India Fund has a seven-year tenure. ICICI Bank is the sponsor of ICICI Venture Funds Management Company Ltd., one of India's oldest private equity firms. (India)

EXOR SpA, an investment company controlled by Italy's Agnelli Family, is to seek investment opportunities in both China and India. It has teamed up with Hong Kong-based Jardine Matheson Ltd. and Rothschild to set up a private equity fund which has an initial capital of US$250 million. (Pan-Asia)

Dubai-based Amara Holdings Inc. is in the process of launching its first renminbi fund that focuses on green projects such as wind and solar energy. The fund has a target size of Rmb500 million (US$73.2 million). (People's Republic of China)

IDG Capital Partners announced the launch of a renminbi growth fund that has a target size of Rmb3.5 billion (US$512.1 million). To be named as IDG Hexie Growth Fund, the fund has already garnered commitment from the National Social Security Fund. (People's Republic of China)

Investment bank Hollyhigh International Capital has launched a Rmb500 million (US$73.2 million) fund in collaboration with Chongqing Venture Capital Co., Ltd. and a guidance fund. The fund will focus extensively on mergers and acquisitions in China. (People's Republic of China)

A host of private equity investors including TPG and Quadrangle Group LLC are reportedly in talks with Telecom New Zealand Ltd. for the purchase of the latter's subsidiary, AAPT, Australia's third largest telecom company. The transaction is estimated to be up to A$500 million (US$425 million). (Australia)

Nexus Venture Partners has invested around 100 million rupees (US$2.1 million) in Sohan Lal Commodity Management Pvt. Ltd., an agri-commodity logistics and procurement company. (India)

Elephant Capital plc has acquired a significant minority stake in Amar Chitra Katha Pvt. Ltd., a children’s media company, for an aggregate £4 million (US$5.9 million). (India)

Kohlberg Kravis Roberts & Co. has closed a deal to buy Intelligence Ltd., a Japanese recruitment services firm, for ¥32.5 billion (US$356 million). (Japan)

Malaysia Venture Capital Management Bhd. has taken a 23% stake in Aexio, a cellular software and solutions company, for an undisclosed sum. (Malaysia)

Ekuiti Nasional Berhad is to acquire an equity stake in Tanjung Offshore Berhad for a total investment of 73.4 million ringgit (US$22.4 million). The latter is a Malaysian oil and gas total solutions provider. (Malaysia)

KPCB China reportedly has invested in the Series C financing of VELO for an undisclosed amount. VELO is a consumer services platform that uses radio frequency identification technology. (People's Republic of China)

Kunwu Jiuding Capital Co., Ltd. has invested Rmb150 million (US$22.1 million) in Chengdu Hongqi Chain Stores Co., Ltd., a leading retail chain store in western China, especially in Sichuan province. (People's Republic of China)

Mekong Capital has invested US$9.1 million in Nam Long Investment Corporation, one of the leading privately owned real estate developers in Vietnam. (Vietnam)

WL Ross & Co. has agreed to sell its stake in SpiceJet Ltd., a budget airline operator, to Kal Airways Pvt. Ltd. for a total consideration of 5.9 billion rupees (US$127.5 million). In 2008, SpiceJet raised funds from Goldman Sachs Group, Inc. (India)

Navis Capital Partners will sell its portfolio company, Linatex Group, to The Weir Group plc for a transaction sum of approximately US$200 million, inclusive of net debts. (Malaysia)

Walden International has joined hands with major shareholders of Ndoors Corporation to sell an aggregate 67% stake in the Korean online game developer and publisher to Nexon Corporation. (South Korea)

Lombard Investments, Inc. announced its exit from S&P Syndicate Public Company Ltd., described as "the world's largest Thai restaurant and bakery chain". The private equity firm clocked a 2.5 times return of invested capital. (Thailand)

U.S.-based Intelligroup, Inc., backed by SAIF Partners and Peepul Capital, will be taken over by NTT DATA Corporation for a total consideration of US$199 million. Intelligroup Inc. is a provider of enterprise resource planning services with significant operations in India. (Offshore)

ICICI Venture Funds Management Company Ltd. announced the appointment of Mr Manikkan Sangameswaran as President who will oversee its infrastructure business. (India)

Olympus Capital Holdings Asia has recruited Mr Shunji Katayama, a former managing director at Nomura Securities. Mr Katayama will join the private equity firm's Tokyo team. (Japan)

Mr Sameer Al Ansai has stepped down as a non-executive chairman of Dubai International Capital LLC and is now in charge of SHUAA Capital psc, a Dubai investment bank. (United Arab Emirates)