Wood and pulp producer Georgia-Pacific purchases Buckeye Technologies for US$1.45 billion. The US paper and pulp producer Georgia-Pacific LLC has agreed to purchase Buckeye Technologies for the price of US$1.

Intel Capital leads US$12 million fund round for Gengo, the translation company. Gengo announced today that its recent funding round closed US$12 million additional funding.

Altor sells Euro Cater to consortium led by Intermediate Capital Group Plc. Altor, the private equity firm from Sweden said that it has entered into an agreement to sell its shareholdings in Euro Cater, the food services company from Denmark.

AXA purchases Tian Ping Insurance, expanding its reach in the Asian markets. AXA had announced its purchase of half of the shareholdings in Tian Ping, the Chinese property and casualty insurance firm.

Singapore Airlines increases shareholdings from 10% to 19.9% worth Aus$123 million. Singapore Airlines Ltd has increased its shareholdings in Virgin Australia Holdings Ltd from 10% to 19.

PPR SA purchase Pomellato for an undisclosed amount. The French owner of Gucci and Puma SE, PPR SA has recently announced it would be purchasing a majority stake in Pomellato of Italy from RA.

Billabong has sought extension of discussions with Sycamore Partners and its former director for the proposed takeover.

Bowmark Capital invests in Drake and Morgan after the management buyout. Bowmark Capital, a medium market equity firm based in the UK expressed support for the financial expansion and management buyout of Drake & Morgan.

PT Dyviacom Intrabumi is raising funds for expansion plans. PT Dyviacom Intrabumi, the Indonesian Internet service provider is aiming to raise 7 trillion rupiah or US$720.

Greek asset sale fund seeks revised bid for Opap SA from Emma Delta. Opap SA values fell after the Greek state asset sales fund sought assistance from Emma Delta, after the latter is the only firm that submitted a valid binding bid for the gambling company.