Private equity firms see a buying opportunity as United Technologies tries to fund its biggest-ever deal with a little M&A.

Micron Technology has won the bidding war to buy Elpida Memory after offering more than 200 billion yen ($2.5 billion) for the failed Japanese chipmaker, according to a source with direct knowledge of the deal that would more than double the U.S. company’s global market share, writes Reuters. Part of the 200 billion yen would [...]

China’s Hony Capital plans to sell or outsource the operations at Elpida Memory’s Hiroshima DRAM plant to Semiconductor Manufacturing International Corp (SMIC) if its bid for the bankrupt Japanese chipmaker is successful, according to the Nikkei business daily, writes Reuters. Hony is bidding with fellow private equity firm TPG Capital. Reuters – China’s Hony Capital [...]

Emerging markets have the funds to invest and are increasing marketshare of the global private equity fundraising pool, accounting for 15% of new commitments globally in 2011, up from 11% in 2010, according to data from the Emerging Markets Private Equity Association (EMPEA).

In a blow to its private equity backers Oaktree Capital Management and Apollo Global Management, aluminum processor Aleris postponed its planned $500 million IPO on Wednesday.

Decision Insight Information Group, a portfolio company of TPG Capital, has become the largest shareholder in publicly traded Automated Benefits Corp. Decision Insight now owns 33.29% of Automated Benefits common shares. Additionally, three representatives from Decision Insight and TPG Capital have been named to Automated Benefits’ board. PRESS RELEASE Decision Insight Information Group, a TPG [...]

Avaya Inc., which is backed by TPG Capital and Silver Lake Partners, acquired RADVISION Ltd. The two buyout shops said in a statement Friday that they would provide a majority of the approximately $227 million required to fund the purchase. Avaya is a provider of business collaboration and communications technology. PRESS RELEASE TPG Capital and [...]

Healthcare buyouts accounted for 65% of the value of the top ten global private equity deals in 2011, according to a report by Bain & company. This top ten takes a look at who paid the highest price and for what deals.

Today’s First Read comes with PE’s plans for China, the Taco-Copter, and who made what on OMGPOP

US department store operator Neiman Marcus Group is to venture into China’s fast-growing luxury retail market, writes Reuters. Neiman will invest $28 million in fashion website Glamour Sales Holding which will help it establish an e-commerce website by the end of 2012. Neiman was bought by an investor group led by private equity firm TPG [...]