VENTURE CAPITAL POST

Final bidding for Optus underway.

Lend Lease Group agreed to sell its Melbourne shopping mall to Blackstone Group LP for US$332 million.

Initial public offerings were raised to US$42 billion in the second quarter from the previous US$20 billion made during the first quarter.

Shriram Ventures are in discussion with private equity firms such as Blackstone Group and Temasek Holdings.

Blackstone and Patria Investimientos purchases shares in Gafisa's Alphaville Urbanismo.

Panattoni Europe has disposed of two portfolios of logistics assets located in Poland, totaling 402,000 sqm of space to affiliates of LogiCor

Bids, mergers, acquisitions and disposals.

The Blackstone Group LP has invested 2.43 billion rupees ($43.69 million) to buy a significant minority stake in unlisted Indian fragrance maker SH Kelkar & Company.

News and developments in Asia private equity from Reuters News for the week ending August 31.

The $83 billion State of Wisconsin Investment Board last month sold $1 billion worth of funds.

Private equity firm Blackstone Group and Taiwan's Wei family are seeking to raise $282 million in five-year debt.

Chief Executive Stephen Schwarzman was looking for more than just a business unit chief.

A number of bidders have emerged for the coating resins business of Cytec Industries Inc that could raise up to $1.3 billion.

Michaels Stores Inc (MIK.N), North America's largest arts and crafts retailer, reported same-store sales rose 2.9 percent in the second quarter.

Funds run by Blackstone Group LP have sold about 20 percent of its shares of mall owner General Growth Properties Inc at $18.45 a share.