Dolphin Equity Partners has agreed to sell its portfolio company Gomez, a provider of Web application experience management, to Compuware, an application performance management software company. The USD295m cash acquisition is expected to close in November 2009. Dolphin is Gomez’s largest shareholder and first invested in the company in 2000,

Transaction volume in the global asset management industry in the third quarter of 2009 was dominated by larger financial institutions shedding investment management businesses, and that trend will continue in the months ahead, according to Jefferies’ financial institutions group.  Over two-thirds of Q3 2009 global asset management M&A activity –

Infiniti Solutions, the Christchurch arm of the Infiniti Capital group, has been selected to provide fund administration services to a new private equity fund recently launched by Milestone Capital. The Rutherford Innovation Fund was launched last week to raise capital to back innovative New Zealand companies which need financial assistance

Private equity firms invested USD763m in Indian companies across 47 deals during the quarter ended September 2009, according to a study by Venture Intelligence. The amount invested was significantly lower than that during the same period last year, which witnessed USD2,581m invested across 132 deals, and lower compared to the

Resilience Capital Partners, a Cleveland-based private equity firm, has formed platform company North Coast Minerals to invest in the debt, mezzanine and equity of industrial minerals, mining, natural resources and related businesses. The strategy of North Coast Minerals will be led by chairman Michael Lundin, currently operating partner at Resilience

Private equity firm Riverside has acquired Donlin Recano, a bankruptcy management firm based in Chicago, on behalf of stakeholder management and financial communications consultancy Sage Holdings. It is Riverside’s 11th acquisition since the beginning of 2009 and was made through the Riverside Europe Fund III. Donlin Recano’s services include pre-Chapter

Central & Eastern European M&A activity amounted to a total of USD31.2bn from 307 transactions for the first nine months of 2009 – the lowest nine month period by value since 2004 and by volume since 2003, according to a report by mergermarket. Deal values are down from 2008 by

Low Carbon Accelerator has increased its equity holding in Proven Energy through a further investment of GBP1.5m. LCA’s existing loans to Proven Energy, totaling GBP600,000, will be converted into equity. In total this will give LCA a controlling stake of 81 per cent of Proven Energy’s issued share capital. The

Actis, a private equity investor in emerging markets, has held a final close on its USD750m Actis Infrastructure 2 fund. The pan-emerging markets fund will focus principally on opportunities in power generation and transport. Paul Fletcher, senior partner at Actis, says: "The need to build infrastructure in emerging markets is