Australia's David Jones (DJS.AX) said a little known UK-based private equity fund had pulled a A$1.65 billion ($1.7 billion) takeover approach for the department store chain.

News and developments in Asia private equity from Reuters News for the week ending June 29. News and developments in Asia private equity from Reuters News for the week ending June 29.

A sleepy fishing village just three decades ago, the southern Chinese city of Shenzhen last year hosted more IPOs than New York, Hong Kong and London combined.

Australia's No.2 department store chain David Jones (DJS.AX) said on Friday it had received an unsolicited $1.65 billion bid from a consortium led by Britain's EB Private Equity.

Private equity firm 3i is axing more than a third of its staff and closing offices from Barcelona to Shanghai.

bids, mergers, acquisitions and disposals involving European, Canadian, U.S. and Asian companies. The following bids, mergers, acquisitions and disposals involving European, Canadian, U.

Nestle (NESN.VX), the world's biggest food group, has been talking to banks about raising a new 7 billion euro ($8.7 billion) syndicated loan to help fund its $11.85 billion takeover of Pfizer Nutrition,

Two Italian private equity funds said on Wednesday they would be tabling a renewed offer for insurer Fondiaria-SAI (FOSA.MI)

Speakers at the conference said renewable energy projects were too bound by red tape to be an attractive destination for the huge sums which private equity firms allocate.

East Capital Explorer is expected to receive in total EUR 7.3m from the East Capital Power Utilities Fund in the coming days.