Deutsche Bank is launching a private equity fund of funds business within its asset management division following the closing of the Sal Oppenheim Group acquisition. The bank will combine three existing businesses under the new group entitled DB Private Equity: the private equity group of Deutsche Bank Private Wealth Management,

Alimera Sciences, a US-based ophthalmic pharmaceutical company, has set the price band for its proposed initial public offering of six million shares of common stock between USD15 and USD17 per share. The company is seeking to list its common stock on the Nasdaq Global Market under the symbol ALIM. To

Gresham, a UK mid market private equity firm, has completed an investment of GBP12.3m in Lanes Assistance Services. The investment will buy-out existing shareholder Lanes Group plc and provides capital to develop LAS’ infrastructure and personnel to drive future growth. Gresham provided 100 per cent of the funding. With offices

European private equity houses who wanted to create value in their portfolio through add-on acquisitions in 2009 saw their efforts mostly thwarted, according to an annual study by European private equity house Silverfleet Capital. Silverfleet Capital’s European Buy & Build Monitor, published in conjunction with mergermarket, found that the number

Carewatch, the Lyceum Capital-backed provider of domiciliary care services, has strengthened its regional network with the acquisition of three businesses. It has purchased the Midlands-based homecare organisation All and Small as well as two current franchise businesses, Carewatch North Tyneside and Carewatch Swansea, with the mid-market growth investor’s support. These

Studio Moderna, an electronics and consumer products retailer in Central and Eastern Europe, has received a minority investment from a group of investors co-led by Insight Venture Partners and Templeton Strategic Emerging Markets Fund III. Among others, JH Partners joined the co-leads in the transaction. The funds were primarily used

Fund managers and others involved in the real estate private equity sector around the world expect further deterioration in commercial real estate prices throughout 2010 as unemployment leads to lower commercial occupancies and declining rents, a report from Ernst & Young’s real estate fund services practice in the US has

Law firm Dechert has advised private equity firm Capital Z Partners as the lead investor in the placing by Jelf Group of up to 27,713,939 new ordinary shares and 25,063,838 new non-voting convertible shares to raise approximately GBP19m before expenses. Cenkos Securities acted as broker to Jelf. The placing consists

A consortium led by Morgan Stanley Infrastructure has acquired a 44 per cent stake in power generation and engineering services firm Asian Genco for USD425m. Appleby acted as the Mauritius legal counsel to what is the biggest private equity transaction in India in almost two years. The deal, which also

Smart Kids Group, a provider of children’s digital education and entertainment, has entered into a drawdown equity finance agreement with Auctus Private Equity Fund of Boston. The USD10m equity line of credit will be used to protect and ensure the future development of Smart Kids’ TV productions and services to