Dave Keating

The fund, which has already made three investments, will focus on emerging Asian business leaders with extension capital.

British gas and oil services company Expro will buy First Reserve’s oil well testing platform.

The Atlanta-based firm formerly known as Crescent Capital has sold B.R. Lee Industries for $129.5 million, after purchasing the company in 2000 for around $65 million.

The San Francisco-based firm has invested in Australian organic skin care provider Jurlique and announced a new CEO for the company.

The New York-based firm will build Primus International as a platform company in the expanding aerospace sector.

Opus Capital, which separated from Lightspeed Venture Partners just last year, has quickly raised its first fund.

The US-based firm will use its royalty fund to help the company develop a US portfolio of dermatology drugs.

The two firms have led an investor group in an agreement to recapitalise publicly traded outsourced services provider West Corporation.

Avista Capital Partners has committed $50 million to London-based Celtique Energie Limited to develop and explore onshore basins in Europe and Africa.

Diamond Castle Holdings continues to invest its first fund with the purchase of a Chicago-based equipment leasing company.