Reliance Infratel Ltd., which counts HSBC Principal Investments and New Silk Route Private Equity as investors, is to merge with GTL Infrastructure Ltd. It will be a US$11 billion transaction. It remains unclear whether the private equity investors will exit in the process. (India)

Fortis Healthcare Ltd. (‘Fortis') announced a voluntary general offer for Parkway Holdings Ltd. ('Parkway'), at a bid price of S$3.80 (US$2.73) per share, a fraction higher than the S$3.78 offer price made by Khazanah Nasional Bhd.
       Fortis' move to raise its stake in Parkway has led to GIC Special Investments Pte. Ltd. to defer its earlier US$83.8 million commitment to Fortis. (Singapore)

The sale of kbro Co., Ltd. ('kbro') to Taiwan Mobile did not materialise as it passed the 30th June deadline. kbro, controlled by The Carlyle Group (‘Carlyle'), is the private equity firm's major cable television asset in Taiwan. In 2006, Carlyle invested US$1.5 billion to acquire a basket of assets from Eastern Multimedia Group, including kbro. (Taiwan)

LGT Capital Partners announced the closing of its second global secondary fund, at US$1.2 billion, exceeding its original target of US$750 million. (Global)

International Finance Corporation has agreed to deploy around US$5 million to Hong Kong-listed Xiwang Sugar Holdings Co., Ltd. which is a corn processing enterprise in China. (People's Republic of China)

Shanghai Ace Co., Ltd. has agreed to commit Rmb300 million (US$44.1 million) to The Blackstone Group's first Renminbi denominated private equity fund. Shanghai Ace is a diversified conglomerate. (People's Republic of China)

SAIF Partners has teamed up with India-based One97Communications Ltd. to establish the US$100 million One97 Mobility Fund that will seek investments in Indian companies specialising in Mobile Value Added Services. (India)

Japan's SBI Holdings, Inc. announced two joint ventures with US-based investment bank Jefferies Group Inc. Both parties will invest in a US$50 million Asia Fund while sponsoring a US$150 million USA Fund. (Pan-Asia)

Haixia Industrial Investment Fund is close to raising Rmb5 billion (US$737.3 million), according to local reports. The fund focuses on enterprises in the Fujian province, and counts Fubon Financial Holdings Co., Ltd. and State Development and Investment Corp. as its investors. (People's Republic of China)

Shanghai's first industrial fund, Shanghai Financial Industry Development & Investment Fund LP ('Shanghai Industry Fund') is said to have achieved its first closing and oversubscribed, according to local reports. Shanghai Industry Fund has a target size of Rmb20 billion (US$2.9 billion) and counts China International Capital Corporation Ltd. as a sponsor of its fund management firm. (People's Republic of China)

Tianjin Hongfu Private Equity Fund Management Co., Ltd. is to manage the Retirement Industrial Fund, the first industrial fund that focuses on the retirement sector in China. It will invest in elderly homes and other social organisations. (People's Republic of China)

CHAMP Private Equity ('CHAMP') has acquired Australian Temporary Fencing ('ATF') from Quadrant Private Equity ('Quadrant') for an undisclosed amount. In 2004, CHAMP Ventures, an affiliate of CHAMP, invested in ATF. (Australia)

Quadrant Private Equity has reportedly acquired 100% of Media Monitors for A$160 million (US$134 million). Media Monitors is a leading media intelligence company in Asia Pacific, with offices in Australia, New Zealand, Singapore and China. (India)

The Blackstone Group is investing around 2.75 billion rupees (US$60 million) in Monnet Power Co., Ltd. which is a power generation company. (India)

Olympus Capital Holdings Asia has earmarked US$300 million for two export coal mines in Indonesia. They are subsidiaries of India's Tata Power Company Ltd. which is India's largest private power producer. (Indonesia)

GSR Ventures has led in the second round of financing of Moonbasa, which operates a B2C platform for women's lingerie in China. Moonbasa had earlier raised funds from China Renaissance Capital Investment. (People's Republic of China)

Origo Partners Plc. will invest up to US$6.7 million in Jinan Eco-Energy Technology Co., Ltd. which is a provider and operator of recycling systems for waste plastic and used tyres.(People's Republic of China)

Philippines' Narra Venture Capital joined Integrated Micro-Electronics, Inc. in taking a controlling stake of PSi Technologies Inc. ('PSi'). The transaction value is around US$30 million.
       PSi is an independent semiconductor assembly and test-service provider to the power semiconductor market. (Philippines)

The Carlyle Group will invest up to S$266 million (US$190 million) in China Fishery Group Ltd. which is a global integrated fishing company. It has fishmeal processing plants deployed strategically along Peru's coastal areas. (Sinapore)

CHAMP Private Equity and Petersen Investments Group have sold their combined interest in Study Group to Providence Equity Partners, concluding an investment that dated back in 2006. Study Group has education services centres in the United States, United Kingdom and Australia. (Global)

Singapore-listed water treatment company Sound Global Ltd., in which International Finance Corporation is a current investor, has decided to postpone its planned second listing on The Stock Exchange of Hong Kong, citing "no acceptable terms" as reasons for deferring the listing. (People's Republic of China)

AutoNavi Holdings Ltd. ('AutoNavi'), a domestic provider of digital map content, was listed on NASDAQ on 1st July. One of its investors, Omaha Capital China has sold a portion of its holdings, while the others, including KPCB and Sequoia Capital China did not make any share disposal at AutoNavi's initial public offering. (People's Republic of China)

HiSoft Technology International Ltd. ('HiSoft'), a business process outsourcing company, was listed on NASDAQ. HiSoft's investors include GGV Capital and International Finance Corp. as well as Draper Fisher Jurvetson ePlanet Ventures. (People's Republic of China)

Ms Lee Ming, former chief executive officer of Sal. Oppenheim jr. & Cie. S.C.A., has joined Hong Kong-based Caidao Capital. (Hong Kong)

Mr Jimmy Lu has joined WI Harper Group as executive managing director and chief operating officer. (People's Republic of China)

Ms Yar-Ping Soo, formerly at GIC Special Investments, has joined Adams Street Partners as partner in charge of investment. (Singapore)