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Deutsche Bank is buying asset management business Deutsche UFG Capital Management, Reuters reported Friday. Deutsche Bank already owns a 40% stake in the business. UFG Asset Management has about 370 million euros ($505 million) under management, Reuters wrote.

WL Ross & Co. is buying up to 19.4% of Navigator Holdings Ltd.'s common stock for a total of $62.5 million. Navigator Holdings provides international seaborne transportation services to producers, traders and consumers of liquefied petroleum gas, petrochemical gases and ammonia.

Shahir Kassam-Adams has joined the board of directors of OpenQ. Kassam-Adams is currently the Chief Strategy Officer of the Decision Resources Group. OpenQ is a provider of CRM biotech software, and has raised equity funding from investors including Grotech Ventures.

National Asset Recovery Services Inc., which is backed by buyout shop H.I.G. Capital, has acquired Integrity Financial Partners. Terms of the deal were not released. HIG Capital is based in Miami, and has more than $8.5 billion under management.

LBC Credit Partners provided $19.5 million in debt financing to private equity-backed Heat Transfer Products Group. The company, a manufacturer of commercial refrigeration equipment, is a portfolio company of Monomoy Capital Partners. The loan will be used to provide a dividend to the equity holders.

Zain Fancy, the former head of Morgan Stanley's Asia real estate investment business, has set up a firm in Singapore to invest in small and medium-sized properties, Reuters wrote Friday. Fancy's Clifton Real Estate, named after the area in Pakistan's commercial capital Karachi where he was born, will focus on Singapore initially and look at buying assets worth up to $100 million.

Fireman Capital Partners has sold its portfolio company Evolution Fresh Inc. to Starbucks Corp. Media reports valued the deal at around $30 million. Fireman Capital is a Boston-based, consumer-focused buyout firm. San Bernardino, Calif.-based Evolution Fresh was formed in 1993.

Barclays Private Equity is being bought out by its own management team and will be re-launched as Equistone Partners Europe, Reuters reported Friday. The value of the gross assets being sold off was expected to be around 45 million pounds ($71.5 million), Reuters.

Avante Mezzanine Partners, a lower middle market-focused mezzanine fund, has closed its first fund with $218 million in commitments. Based in Los Angeles, the fund is structured as a Small Business Investment Company. Avante says it will invest between $5 million and $20 million of subordinated debt and minority equity in companies across the U.S. that generate at least $3 million in cash flow.

Google continued it acquisition spree this week by snatching up two startups – Apture and Katango. Katango helps people manage their online contacts. Formed in 2007, Apture provides in-page search technology. Terms of the deals were not released.