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 April 2006 and during its hold period supported management in a number of initiatives that drove organic growth.  Under Riverside’s stewardship, CLC made capital investments that boosted the company’s production capacity and invested in a new dyed film line that improved product quality and strengthened the company’s position. The company

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 refinery employs some 570 staff. As a result of the sale, a limited number of new jobs will be created in the refinery. The sale is consistent with Shell’s strategy to concentrate investments into larger sites such as Rhineland Refinery and to reduce net refinery capacity by 15 per cent.

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 were not disclosed. Independent Brewers United, one of the largest craft beer producers in the US, markets and sells Magic Hat, Pyramid, and MacTarnahan’s beers and ales.  Based in Vermont, the company’s beers are sold on both the east and west coasts operating out of three breweries and six retail

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 900 suppliers, providing more than 800,000 different articles to its customers. Joachim Mohme, shareholder and managing director of Roeser, says: “We are delighted to have EQT Expansion Capital on board. They will provide us with network and know how, as well as resources to further develop the company as the

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 managing late stage clinical development programmes. INC Research employs 2,000 people in 40 countries worldwide. David Burgstahler, partner and president of private equity firm Avista Capital Partners, says: “Avista and our partners at Teachers’ Private Capital are delighted to add INC Research to our respective healthcare portfolios. INC Research has

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 Brothers/Citigroup and Barclays, where he focused on trading agency mortgage-backed securities. Goldman brings 25 years’ experience at Salomon Brothers/Citigroup, where he was head of North American fixed income sales and co-head of US rates. KGS-Alpha is focused on delivering mortgage-backed, asset-backed and agency debt securities trading and product structuring services

Channel Islands law firm Carey Olsen has advised Masawara on its listing on the Alternative Investment Market of the London Stock Exchange. Masawara is a Jersey incorporated company focused on acquiring interests in companies and projects based in Zimbabwe and the southern African region. The company seeks to obtain long-term capital growth through the acquisition of interests across a range of sectors, including agriculture, mining, telecommunications and real estate. Carey Olsen assisted SJ Berwin as the lead legal advisers to the listing that took place on 19 August and is proposed to raise approximately USD25m. Masawara’s approximate market capitalisation on