VENTURE CAPITAL POST

Bankers are preparing debt packages to back a buyout of UK-based United Biscuits' salty snack business which is expected to go up for sale in September and fetch around 500 million pounds ($776 million).

A private equity consortium is aiming to scoop-up lab-testing company, Laboratory Corporation of America Holdings in a huge leveraged buyout and take it private.

A shipping company owned by the world's largest private equity firm filed a lawsuit against the U.S. Department of Transportation on Tuesday.

Global private equity funds, including Blackstone Group L.P. and KKR, have held early talks with Chinese authorities on a new wave of renminbi funds which could dramatically improve their chances to win deals in China.

News and developments in Asia private equity from Reuters News for the week ending July 6.

U.S. buyout firms Blackstone Group, Carlyle Group and KKR & Co are talking to banks on potential bids for about half of Australia's Pact.

Australian private equity fund Pacific Equity Partners (PEP) has approached potential buyers for its share-registry business Link Group.

President Barack Obama is due to attend a fundraiser hosted by one of private equity's leading lights on Monday evening.

News and developments in Asia private equity from Reuters News for the week ending May 11.