VENTURE CAPITAL POST

Australia-based real estate manager GPT Group will not increase its takeover bid for Commonwealth Property Office Fund (CPA), making way for Dexus Property and the Canada Pension Plan Investment Board (CPPIB) to make competing offers.

China-based food and beverage manufacturer Bright Food (Group) Co Ltd agreed to buy Australia-based dairy firm Mundella Foods through its Australian subsidiary, Manassen Foods, for an undisclosed amount.

Melbourne, Australia-based real estate classified service REA Group Ltd bought rental application service 1Form Online Pty Ltd in a deal valued at $15 million as part of its strategy to link its customers with property-related services.

Australia-based mining firm Rio Tinto Ltd purchased C$1.29 billion (A$1.32 billion) worth of shares in Canada-based mining company Turquoise Hill Resources out of contractual obligations but maintained its present stake.

Chennai, India-based billing startup ChargeBee raised around $800,000 in a Series A funding round from Accel Partners, bringing its total raised capital to $1.17 million.

Philippine-based tollway developer Metro Pacific Tollways Development Corporation (MPTDC) acquired France-based tollway operator Egis Project SA stake in Manila North Tollways Corporation (MNTC) for PHP1.42 billion.

Canada-based suitor Saputo Inc has lifted its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd for the third time after United Dairy Power backed Saputo's takeover bid.

Massachusetts, US-based video hosting solutions firm Brightcove acquired Arizona-based Internet video solutions provider Unicorn Media Inc in $49-million acquisition deal to facilitate easier distribution of ad-supported video.

A report from the Australian Financial Review said Telstra Corp, the largest phone company in Australia, is already in the advanced stages of talks with a private equity firm to sell Sensis in a deal worth $2.7 billion, Reuters reported.

China-based automotive glass supplier Fuyao Glass Industry Co will pour in a $200-million investment to build a manufacturing facility at the former assembly plant of General Motors (GM) in Ohio, US.

Canada-based dairy firm Saputo Inc has again increased its stake in its takeover target, Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd, from 20.141% yesterday to 21.392%.

India-based Lanco Infratech Ltd is considering a sale of its Australian unit, Griffin Coal Mining Co, so it could help pay debt, according to sources interviewed by Bloomberg.

A senior official from Thailand's state-owned petroleum company PTT on Thursday denied a media report saying that it was bidding for Royal Dutch Shell's service stations in Australia. Shell is selling its 900 petrol stations and an oil refinery in the country for A$3 billion.

Montreal, Canada-based dairy firm Saputo Inc has increased its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd to 20.1%, according to an ASX statement.

US-based multinational banking and financial services firm JP Morgan Chase & Co purchased an equity stake in alternative trading systems operator Chi-X Global Holdings LLC for an undisclosed sum.