NXT Energy Solutions Inc. today announced the closing of a non-brokered private placement financing (the “Financing”) of 1,303,333 units (the “Units”) for proceeds of US $977,500.

TerraLUX, Inc. has closed a series B venture capital financing round of USD 18.3 million. TerraLUX, Inc. , a Colorado-based Solid State Lighting company specializing in integrated LED solutions for OEM and Retrofit applications has closed a series B venture capital financing round of USD 18.

Investment will support rapid customer base expansion of the biopharma industry’s only collaborative cloud-based investigator site payment ecommerce platform.

Micron Technology won the right to negotiate exclusively to buy Elpida Memory Inc after offering more than 200 billion yen ($2.5 billion) for the failed Japanese chipmaker.

Private equity group Blackstone Group has made its first acquisition in Singapore, buying the StarHub Green project from Germany's SEB Asset Management for S$215 million ($173 million).

The buyer group for private equity fund MBK Partners' Taiwan cable television business said on Monday it might have to pull out of the $2.4 billion deal because of delays in the regulatory approval that it said had cost it an extra $300 million.

India will slash the tax on long-term capital gains for private-equity investors to 10 percent from 20 percent, a finance ministry statement said on Monday.

News and developments in Asia private equity from Reuters News for the week ending May 4. News and developments in Asia private equity from Reuters News for the week ending May 4.

British gym chain Fitness First is close to agreeing a debt-for-equity swap that will see existing private equity owner BC Partners give up its stake, two sources with knowledge of the process said on Friday.

Mr. Shengcheng Wang, the controlling shareholder of the Company, proposes to acquire (i) ADSs of the Company held by the public investors for cash at not more than US$5.0 per ADS