Reuters: Asia Private Equity Weekly News, July 23, 2012

July 23, 2012 Leave a comment

Logo for Reuters(Reuters) – News and developments in Asia private equity from Reuters News for the week ending July 20.

JULY 20

U.S. PRIVATE equity fund Carlyle Group has raised about $720 million from the sale of a stake in China’s third-largest insurer, China Pacific Insurance (Group) Co Ltd , a source with direct knowledge of the deal said.

U.S. PRIVATE equity firm TPG Capital is considering partnering with a Hollywood media executive to bid for debt-laden Australian media company Nine Entertainment Co, sources said, in what could be a $3.1 billion buyout.

WARBURG PINCUS, a stakeholder of Titan Petrochemicals Group Ltd, has sued Titan and some of its executives in Hong Kong’s High Court for misrepresentation and breaches of contract.

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