The head of Indiareit Fund Advisors has decided to step down to explore setting up his own fund. The head of Indiareit Fund Advisors, an Indian real estate fund and unit of drugmaker Piramal Healthcare, has decided to step down to explore setting up his own fund, sources familiar with the development told Reuters on Saturday.

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

American Airlines parent AMR Corp (AAMRQ.PK) and US Airways Group Inc (LCC.N) said on Friday the carriers have to evaluate a potential merger.

Mergers under review by the European Commission and a brief guide to the EU merger process. The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- French builder Vinci to buy EVT, an engineering unit of Swiss group Alpiq (approved Aug.

Deal-starved bankers in Hong Kong are jostling for a role in what may be Asia-Pacific's biggest stock market event of the year.

China's outbound direct investment rose 8.5 percent to $74.7 billion in 2011. China's outbound direct investment rose 8. 5 percent to $74. 7 billion in 2011, slowing from the year before, government data showed on Thursday, but extending a decade-long expansion streak as domestic firms are officially encouraged to venture abroad.

The $83 billion State of Wisconsin Investment Board last month sold $1 billion worth of funds. The $83 billion State of Wisconsin Investment Board last month sold $1 billion worth of funds, at least three of them managed by publicly listed private equity firms, in part because those firms could no longer demonstrate that the pension fund's interests came first.

China's Shandong Heavy Industries may announce a deal to buy a 25 percent stake in Germany's Kion Group for between 700 million euros ($876.9 million) and 750 million as soon as Monday.

Russian state railway monopoly Russian Railways has considered bidding for French carmaker Peugeot's logistics division GEFCO, according to materials produced for a Russian Railways' board meeting seen by Reuters on Thursday.

Private equity firm Guggenheim Partners is close to buying "Golden Globe" producer Dick Clark Productions after "American Idol" host Ryan Seacrest and his backers withdrew from talks.

Bids, mergers, acquisitions and disposals. The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:** Canada's No.

Daikin Industries Ltd will buy Goodman Global Inc for $3.8 billion. Daikin Industries Ltd will buy Goodman Global Inc for $3. 8 billion, gaining greater access to the North American market and making the Japanese company the world's largest maker of heating, ventilation and air-conditioning (HVAC) systems.

Private equity firm KKR is in talks to invest about 100 billion yen ($1.3 billion) for control of Japan's Renesas Electronics Corp

European private equity firm Permira has raised $750 million by selling around half of its stake in Macau casino operator Galaxy Entertainment Group Ltd.

Bids, mergers, acquisitions and disposals. The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:** Private equity firm KKR & Co.

Brokerage firm Knight Capital Group Inc has appointed three new directors. Brokerage firm Knight Capital Group Inc has appointed three new directors, including the chief executive of TD Ameritrade Holding Corp, three weeks after it received a $400 million outside investment, the Wall Street Journal reported, quoting people familiar with the matter.

The founders of Indian auto components maker Bharat Forge are in talks with private equity firms to sell a $300 million stake in their wind energy firm Kenersys.

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

bids, mergers, acquisitions and disposals The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:** Private equity investor Advent has reached an agreement with two big shareholders in Douglas Holding AG and may present a takeover offer of about $1.

Switzerland's SFS Group has agreed to buy Singapore disc drive component maker Unisteel Technology International from private equity fund KKR & Co L.P.

Blackstone (BX.N), Bain Capital, KKR & Co (KKR.N) and Dubai's Abraaj Capital have been shortlisted for the second phase of an auction of a fifth of private Indonesian healthcare operator Siloam.

Dubai International Capital sold its stake in a $300 million Middle East North Africa infrastructure fund to Islamic investment firm Fajr Capital.

Chief Executive Stephen Schwarzman was looking for more than just a business unit chief. When Blackstone Group LP named a new global head of private equity last month, Chief Executive Stephen Schwarzman was looking for more than just a business unit chief.

News and developments in Asia private equity from Reuters News for the week ending Aug. 24. News and developments in Asia private equity from Reuters News for the week ending Aug.

Best Buy (BBY.N) founder Richard Schulze has reached out to some of the retailer's top shareholders and Wall Street analysts, hoping they will press the company.

Aluminum Corp of China Ltd (Chalco) said it planned to increase the size of a private placement of Shanghai-listed shares by 15 percent.

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

Morgan Stanley Infrastructure Partners (MSIP) has increased its ownership stake to 100 percent of the Common Equity of Southern Star Central Corp.

Chenal Media has shifted more of its focus to motion picture properties with $7 million in Series B funding.

On Deck (www.ondeckcapital.com) has secured nearly $100 million in new debt commitments. On Deck (www. ondeckcapital. com), the technology-powered Main Street lender, has secured nearly $100 million in new debt commitments, which includes an $80 million credit facility jointly led by Goldman Sachs and Fortress Credit Corp.