Sharon Lim

PCCW has terminated talks with TPG-Newbridge and Macquarie Bank, both of whom were vying for PCCW’s telecommunications and media assets.

Bain Capital, The Blackstone Group and Pacific Equity Partners are joining a consortium of buyout firms that has approached Coles Myer with a takeover offer.

UTI Ventures, a private equity firm based in India, has invested $5.8 million in a local menswear company.

CDH Investments, a China-based growth capital manager, has raised $200m for a debut venture fund.

Gulf Capital Group, a new boutique investment bank in Dubai, aims to capture opportunities presented by private equity in the region as well as China and India.

The Carlyle Group has raised $1.8 billion for its second pan-Asia ex-Japan buyout fund from which it has already made two investments.

EMP Global, a private equity investor in emerging markets specialising in direct investments, has hired James Seymour, a fund investment veteran.

India has attracted $2.1 billion in private equity investments in the second quarter of this year, with KKR’s first deal accounting for almost half that amount.

IDFC Private Equity has made its second investment in India’s healthcare in less than a month.

MBK Partners created ripples when its founders left Carlyle to raise a billion dollars, and now they are making a grand entrance with a $1.56bn debut fund.