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. The portfolio net asset value rose by 1.7 per cent and the asset management value rose by 12.5

Growth equity investor Summit Partners has invested USD100m in Avast Software, the developer of an antivirus programme, for a minority stake in the company. “Summit Partners’ investment is a vote of confidence in our disruptive ‘freemium’ business model, which combines a full-fledged free product with a premium one,” says Vince

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. This transaction is the first investment of Finatem III, Finatem’s latest fund.  With a turnover of EUR24m and about 100 employees in 2009, Techno-Physik-Group is a

Private equity firm Riverside has exited its investment in SunTek Holding dba Commonwealth Laminating & Coating. Commonwealth Laminating & Coating, based in Martinsville, Virginia, is a manufacturer of solar control window films designed to enhance privacy, aesthetics, safety and security in automotive, residential and commercial applications. Riverside purchased CLC in

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.   The deal, which is subject to regulatory approval, is expected to close before the end of the year. The Heide

Tully & Holland has completed the sale of Independent Brewers United to North American Breweries.  Tully & Holland has completed the sale of Independent Brewers United to North American Breweries.  Tully & Holland acted as the exclusive investment banking adviser to the seller’s majority shareholder. The terms of the transaction

EQT Expansion Capital II has invested in Roeser Group, a German manufacturer-neutral distributor of medical supplies to hospitals. Roeser, with headquarters in Bochum, offers tailor-made distribution solutions, including consulting, logistics and procurement services through its two business divisions, Roeser Medical and Hospigate. Roeser has 300 employees and works with over

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. INC Research is a privately-held, therapeutically focused contract research organisation with expertise in

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. KGS-Alpha is a New York-based institutional fixed income broker-dealer, focusing on mortgage-backed, asset-backed, and agency debt securities. Kahraman’s expertise includes 15 years at Salomon