All news

Software

WinSonic completes USD5m funding facility with Roswell Capital

WinSonic Digital Media Group, a facilities-based digital media company, has completed a USD5m equity funding facility with Georgia-based Roswell Capital Partners. »

Tim Levy, chief executive of Future Capital Partners

Future Capital chief executive set for Northwest Passage expedition

Tim Levy, chief executive of GBP6bn alternative investment firm Future Capital Partners, is about to embark on a expedition led by Bear Grylls through the Northwest Passage. »

Ahmed Heikal, chairman and founder, Citadel Capital

Citadel Capital reports 5.3 per cent growth in total net asset value per share

Citadel Capital, a private equity firm in the Middle East and Africa, has reported a 5.3 per cent rise in total net asset value per share for the second quarter of 2010. »

Scalpel

China medical devices business raises USD40m from private equity investors

The medical devices business of Golden Meditech Holdings, a China-based healthcare enterprise, has raised USD40m from private equity investors. »

IT security

Summit Partners invests USD100m in Avast Software

Growth equity investor Summit Partners has invested USD100m in Avast Software, the developer of an antivirus programme, for a minority stake in the company. »

Judy Lee, corporate partner in Appleby’s Hong Kong office

Appleby advises Bright Smart on Hong Kong Stock Exchange listing

Offshore firm Appleby has acted as the Cayman Islands counsel for Bright Smart Securities & Commodities Group in relation to its listing on the Hong Kong Stock Exchange on 25 August 2010. »

Ian Pearson, Maven Capital Partners

Former Treasury Minister to join Maven Capital Partners

Ian Pearson, the former Treasury and Business Minister and chief executive of a private equity and consultancy company, has been appointed as a senior adviser to Maven Capital Partners. »

Eric Jungblut, partner at Finatem

Finatem acquires Techno-Physik Group

Finatem, a lower mid-market German private equity firm, has acquired Techno Physik Group from E.G.O. Blanc & Fischer Goup, a supplier of household appliances. »

Stephen Dyke, Riverside partner

Riverside exits Virginia-based window film manufacturer

Private equity firm Riverside has exited its investment in SunTek Holding dba Commonwealth Laminating & Coating. »

Oil

Klesch to purchase Heide refinery from Shell

Investment office Klesch has agreed to acquire the Heide refinery, associated chemicals, bitumen and distribution infrastructure as well as related marketing businesses from Shell for an undisclosed purchase price. »

Beer

Tully & Holland sells Independent Brewers United to North American Breweries

Tully & Holland has completed the sale of Independent Brewers United to North American Breweries.  »

Jens Moritz, partner at EQT Partners

EQT Expansion Capital II invests in Roeser Group

EQT Expansion Capital II has invested in Roeser Group, a German manufacturer-neutral distributor of medical supplies to hospitals. »

Neil Petroff, Teachers’ executive vice-president and chief investment officer

Avista and Ontario Teachers’ Pension Plan to acquire INC Research

Avista Capital Partners and Ontario Teachers’ Pension Plan, through its private investor department Teachers’ Private Capital, have signed an agreement to acquire INC Research from an investor group led by Crosspoint Venture Partners and Adams Street Partners. »

Irish flag

Ireland removes requirement for non-resident declarations by fund investors

Dechert’s Declan O’Sullivan and Conor Durkin outline recent changes in revenue practice under which Irish funds may obtain an exemption from the Irish Revenue Commissioners making it easier for investors to subscribe for shares/units in an Irish fund. »

Carty Chock, a partner at Arsenal Capital Partners

Arsenal Capital Partners launches institutional fixed income broker-dealer

Arsenal Capital Partners, a New York-based private equity firm, has partnered with fixed income industry veterans Levent Kahraman and Dan Goldman to launch KGS-Alpha Capital Markets. »

Carey Olsen partner Mike Jeffrey

Carey Olsen advises Masawara's listing on AIM

Channel Islands law firm Carey Olsen has advised Masawara on its listing on the Alternative Investment Market of the London Stock Exchange. »

Handshake

Equity Risk Partners names Brian Stratton director - business development

Equity Risk Partners, an insurance brokerage and consulting firm focused exclusively on the private equity industry, has expanded its Chicago-based team with the addition of Brian Stratton as director - business development. »

Clouds

CloudCrowd receives USD5.1m funding led by Draper Fisher Jurvetson

CloudCrowd, a labour-as-a-service provider, has raised USD5.1m in a series B funding round led by Menlo Park-based Draper Fisher Jurvetson, an early-stage venture capital fund. »

IT security

Intel to buy McAfee for USD7.7bn

Intel has entered into a definitive agreement to acquire McAfee through the purchase of all of the company's common stock at USD48 per share in cash, for approximately USD7.68bn. »

Stack of money

Navigant advises Green Bancorp in USD100m private placement of common stock

Navigant Capital Advisors, a subsidiary of Navigant Consulting, has advised Green Bancorp, the holding company for Green Bank, in closing an aggregate USD100m private placement of common stock with several independent investment firms. »