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Weekly Deals and Funds Roundup: 17 August 200517/08/2005. Source: AltAssets. 
 A selection of the latest deal and fund news from across the globe - essential reading for those who need to keep up-to-date with the industry's key developments.
This weekly roundup provides an update on deals and fund activity that did not feature as separate stories in AltAssets' daily news service.
DEALS
Kelso Place Corporate Turnaround Fund has sold financial recruitment company Nigel Lynn Associates to financial recruitment consultancy Premier Group for a reported €9m. This sale represents the first exit from the fund. Kelso Place bought Nigel Lynn Associates out of administrative receivership in March 2003.
Halder has sold its stake in FCS Control Systems B.V. to NYSE-listed Moog. FCS Control Systems designs and manufactures high-fidelity electromechanical and electro hydraulic flight and vehicle simulation equipment, and structural test systems that are supplied to the aerospace and automotive markets. In 2004 the company realised annual sales of €20m. Halder is part of GIMV, the Belgian listed private equity provider. Halder focuses on medium-sized buy-outs of profitable industrial, service and trading companies.
Cleveland-based Kirtland Capital Partners has acquired Medway, Massachusetts-based MicroGroup, a supplier of metal tubing and precision manufactured components primarily for the medical device and analytical instrument markets. Terms of the transaction have not been disclosed. Kirtland focuses on control equity investments in middle market niche manufacturing, distribution and business-to-business service companies. The firm has more than $400m of capital under management.
FUNDS
LaSalle Capital Group has held a final closing of its inaugural buy-out fund, with capital commitments exceeding $115m. Limited partners include commercial banks, investment management firms, fund of fund investors and family offices. The fund was organised by LaSalle Capital principals Rocco Martino and Jeff Walters to pursue leveraged buy-outs and leveraged recapitalisations of lower middle market businesses in industry sectors including branded and private label consumer products, food processing and distribution, packaging, and business services and outsourcing. The fund has completed its first two platform investments: Violet Packing and Advanced H2O. The fund typically invests in family-owned companies or divisions/subsidiaries of larger companies with at least $2m in EBITDA and revenues below $100m.
NeoMed Management has held a second closing of NeoMed Innovation IV, a healthcare and life sciences venture capital fund, bringing total committed capital to €70m. The fund is targeting committed capital of €100m in a subsequent closing later this year. Investors are funds of funds, institutional and private investors based in the UK, Sweden, Norway, Saudi Arabia and Switzerland. From offices in Oslo and Geneva, NeoMed will predominantly lead investments in companies located along the axis from Scandinavia to Switzerland. NeoMed Management is a venture capital management firm concentrating on the international healthcare and life sciences industry from offices in Oslo, Geneva and New York.
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