CIT Group has named Walter Owens as president of CIT Corporate Finance. He previously served as executive vice president and chief sales & marketing officer of CIT. www.cit.com
TaizinaiGroup, a China-basedlactobacillus drink manufacturer, has raised $40 million in private equity funding from Actis. The infusion is part of a larger $73 million financing, which also includes Goldman Sachs and Morgan Stanley. www.act.is
Retrevo Inc., a Sunnyvale, Calif.-based consumer electronics search engine, has raised $3.2 million in Series B funding. Norwest Venture Partners led the deal, and was joined by return backer Alloy Ventures. www.retrevo.com
Optasia Medical Ltd., a Manchester, England
Ngo Han Joint Stock Co., a Vietnamese magnet-wire company, has raised $1.91 million from Mekong Capital. The deal is expected to be expanded to $6.25 million, once the law on 30% limit on foreign ownership in unlisted companies has been amended. www.mekongcapital.com
MomJunction.com, a New York-based online community for mothers, has raised $1.5 million in first-round funding from company management and angels like Pat Croce. www.momjunction.com
Icarcos Inc., a developer of hardware and software that creates a geographical database, has sold a minority ownership stake of Athlone Global Security, a private equity firm focused on Israeli homeland security companies. Icaros is based in Maryland, but has R&D facilities in Israel. No financial terms were disclosed. www.athloneglobalsecurity.com
Navarro Discount Pharmacies, a Miami, Fla.-based drugstore chain, has received an undisclosed amount of private funding from MBF Healthcare Partners. www.navarro.com
Xunlei Network Technology Co., a Chinese provider of online video and game downloads, reportedly has acquired an undisclosed amount of private equity funding from Google Inc. and Ceyuan Ventures. The move comes one day after Google announced that it had teamed with China Mobile to provide online search serves for mobile phones.
VMIX Media Inc., a San Diego-based online media platform, has raised an undisclosed amount of Series B funding from return backers Mission Ventures and Enterprise Partners. It had raised $5 million in Series A funding in early 2005. www.vmix.com