Dubai International Capital has made three appointments and shed seven staff ahead of a continued push into emerging markets.

Embattled US insurer AIG is to begin a programme of asset sales in a bid to secure its future as an independent entity.

Enterprise Investors has made a public tender offer for the remaining shares in Kofola-Hoop in a transaction valued at €143m.

FF&P Private Equity has backed Ikon Science, an independent provider of software and services to the oil and gas sector, with an undisclosed sum of funding.

Ferd Ventures has joined existing investors 3i, Accel and Provider Venture Partners in a €15m third round of funding for UK-based wireless broadband provider the Cloud.

Pentech Ventures and the Scottish Co-Investment Fund have invested €1.4m in Glasgow-based Metaforic, a provider of anti-tamper protection for software.

Montagu Private Equity has cancelled its plan to sell bandage maker BSN Medical as a result of continued financial turmoil.

RCapital has acquired a majority stake in FreshFayre, a UK chilled food service specialist, for an undisclosed sum.

Amadeus Capital Partners and Wellington Partners have participated in an $18m second round of funding for UK-based EnQii, a manager of digital out-of-home advertising and merchandising networks.

TVM Capital has led a CHF24m (€15m) financing round for Switzerland-based Nitec Pharma, together with Deutsche Bank and existing investors NGN Capital, Global Life Sciences Venture and Atlas Venture.