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Chinese regulators have given Morgan Stanley the green light to sell its stake in China International Capital Corp., Reuters reported. Morgan Stanley has long wanted to sell the 34.3% stake in CICC, Reuters said, adding that private equity firms Kohlberg Kravis Roberts & Co. and TPG Capital are expected to buy the stake for more than $1 billion.

After entertaining bids from The Carlyle Group and from Idaman Saga, an entity backed by buyout fund CVC, Malaysia’s Kulim has turned down all offers for QSR Brands, which owns the lucrative KFC and Pizza Hut franchise in Malaysia, Reuters reported. Kulim is a majority shareholder in QSR Brands. Shares in QSR fell roughly 11% Tuesday, a day after the news was released.

Regulators in the European Union have approved a 1.7 billion euro ($2.24 billion) acquisition of Dutch metal packaging company Impress Cooperative, Reuters reported. Irish packaging maker Ardagh Glass Group will buy the company from private equity firm Doughty Hanson. The buyout shop has said the acquisition will mean a return of 688 million euros ($895 million) to investors in two of its funds, Reuters said.

Private equity firm Actis has promoted four directors to the post of partner: Mumbai-based Sanjiv Aggarwal and Shomik Mukherjee; and Beijing-based Tao Sun and Dong Zhong. Aggarwal joined Actis in 2008 and focuses on infrastructure investments. Mukherjee joined in 2007 and focuses on the consumer and retail sectors. Sun joined in 2008 and focuses on consumer and retail investments. Zhong, who joined in 2001, also focuses on consumer and retail investments. London-based Actis has $4.7 billion under management.

A group of private equity investors have teamed up to buy Allure Waikiki, a 35-story condo tower in Honolulu. ST Residential, which is managed by Greenwich, Conn.-based Starwood Capital Group; Fort Worth, Texas-based TPG Capital; WLR LeFrak and Perry Capital partnered on the deal, though no financial terms were released.

Stamford, Conn.-based printing company Cenevo has acquired Impaxx, the owner of Gilbreth Packaging Solutions, from Los Angeles-based Aurora Capital. Financial terms of the deal were not disclosed. Gilbreth Packaging manufactures specialty packaging products, including shrink sleeves and medical and electronic tubing. The company is based in Croydon, Penn., and has 75 employees.

Apollo Global Management has added Marc Spilker to the newly created post of president. Spilker retired from Goldman Sachs in May, after serving as the co-head of the investment management division. In his new post at Apollo, Spilker will run day-to-day operations at the firm, and will sit on the company’s executive committee. Apollo has more than $54 billion under management across private equity, credit-oriented capital markets and real estate funds. The firm has offices in New York, Los Angeles, London and Hong Kong, among other cities.

A potential $9 billion buyout of Seagate Technology fell apart Monday, and the hard disk maker will instead move ahead with a share buyback plan, Reuters reported. Seagate had been the target of private equity firm TPG Capital, Reuters said. The firm, however, backed away after it was unable to sign on another private equity firm to partner in the deal.

Avioserv San Diego, a private equity-backed company that sells and leases commercial jet engines and engine parts, has named David Leblanc chief operating officer, and Cameron Burr executive vice president of corporate development and marketing. Previously, both Leblanc and Burr worked as partners at JetCapital, a firm that focused on aviation-related investments. Los Angeles-based private equity firm Vintage Fund Management owns Avioserv, having acquired the San Diego-based company in 2007.

Ares Management and Freeman Spogli & Co. have acquired specialty flooring retailer Floor and Decor Outlets of America for an undisclosed amount. Los Angeles-based firms Ares and Freeman Spogli bought the Atlanta-based flooring company from an investor group including Najeti Ventures, Saugatuck Capital Company, and TWJ Capital. Financial terms of the deal were not released.