VENTURE CAPITAL POST

Private Equity firm American Securities LLC has managed to sell Pittsburgh-based NEP Broadcasting LLC to another Private Equity firm Crestview Partners for reportedly $800 million to avert a potentially larger tax bill for such a deal in the New Year.

Toshiba Corp is in talks with six different groups for the sale of up to 36 percent of its stake in the nuclear unit.

The Mitsubishi Elevator ETA India Private Limited has been floated by Mitsubishi Electric Corporation and UAE-based ETA Ascon Holding LLC as a joint venture in Chennai. The company will start operations from January 2013.

The move is also reportedly aided by a planned purchase of 70 percent of Sprint by Japanese mobile firm Softbank, with an associated capital infusion.

Delta Air Lines has agreed to pick 49 percent in Virgin Atlantic for $360 million.

MegaFon, Russia's second biggest mobile operator, has acted swiftly to pick a stake in cellphone retailer Euroset which operates 5,500 stores across the country and Belarus.

Daimler AG has sold 7.5 percent or half its remaining holding in European Aeronautic, Defence & Space Co. (EADS) for $2.17 billion (1.66 billion euros).

Tax consultancy in The Netherlands is seemingly on the upswing in view of a greater number of corporates seeking to establish their European holding companies in the EU member country because of its many bilateral tax agreements with other nations to prevent double taxation. Against this backdrop, US private equity firm Blackstone Group LP has decided to buy Dutch tax consultancy Intertrust from Dutch private equity firm Waterland for a reported $883 million (675 million euros).

US insurer American International Group Inc (AIG) has decided to sell 90 percent of its stake in ILFC, the world’s largest aircraft leading business, to a Chinese consortium –comprising New China Trust, which is one-fifth owned by Barclays Plc, China Aviation Industrial Fund and P3 Investments Ltd -- for a total consideration of $4.8 billion. An arm of Industrial and Commercial Bank of China will join the consortium once the deal has regulatory approval.

New York City Mayor Michael Bloomberg’s plans to bid for The Financial Times Group, which includes the world's leading business daily Financial Times (FT) as Pearson Plc, the publisher of FT, is reportedly planning to sell the daily.

Even as Singapore Airlines reportedly holds talks with other airlines for a possible sell-out of its 49 percent stake in British carrier Virgin Atlantic, Delta Air Lines Inc, the second-largest U.S. airline by operating revenue, is said to be closing in on the stake.

Mobile telecoms equipment maker Nokia Siemens Networks (NSN) decided to hive off its optical fiber networks unit to private equity firm Marlin Equity Partners in a bid to focus solely on mobile broadband.

Japanese conglomerates Mitsubishi Heavy Industries and Hitachi Ltd have decided to merge their thermal power businesses to take a vantage position in the domestic fossil-fuel power business.

The general economic buoyancy in South-east Asian countries coupled with steady credit growth has perceptibly increased global investor interest in leading banks operating in the region.

Indian business conglomerate Sahara India Pariwar has established a big presence in the U.S. hospitality industry by acquiring a 75 percent stake in The Plaza Hotel, New York City for about $570 million.