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Weekly Deals Roundup: 7 September 200507/09/2005. Source: AltAssets. 
 A selection of the latest deals 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 activity that did not feature as separate stories in AltAssets' daily news service.
DEALS
Lower mid-market UK private equity provider Sovereign Capital Partners has announced that together with the management of Claims Management Group Limited, it is to acquire 100 per cent of the share capital in CMGL from Zurich Financial Services. Financial details of the transaction have not been disclosed. CMGL is a provider of outsourced claims and insurance management services that are offered to FTSE-quoted companies, general insurers, Lloyd's underwriters and London Market companies. With an international network of 12 offices and over 550 personnel, CMGL manages approximately 165,000 claims representing $4.7bn in gross liabilities and over $1.1bn reinsurance recoverables. Sovereign Capital closed its second fund, Sovereign Capital Limited Partnership II, in May 2005 on £275m bringing its funds under management to £450m.
Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, and the Ares Corporate Opportunities Fund, the private equity fund of Ares Management, have completed the purchase of National Bedding Co. Financial details of the transaction have not been disclosed.
Oslo, Norway-headquartered Algeta ASA, a therapeutics company dedicated to the development of novel anticancer agents based on alpha particle emitting radionuclides, has announced the closing of a Series A round of financing totalling NOK185m (€23m). The funds raised will support the continued development of the company's lead product candidate, Alpharadin, through its ongoing Phase II clinical trials and into pivotal Phase III trials as a potential new treatment for bone metastases arising from primary prostate cancer. The syndicate of international investors included new investors HealthCap, Advent Venture Partners and SR One. Existing investors Selvaag Venture Capital, NorgesInvestor, Marlin Verdi AS and several smaller investors also participated in the round.
UK mid-market private equity specialist Graphite Capital has sold IT hardware reseller Equanet to DSG Retail, a wholly owned subsidiary of Dixons Stores Group, for an undisclosed sum. Graphite is a specialist provider of private equity finance to mid-market companies in the UK. Typically it invests between £10m and £50m of equity in transactions valued at up to £125m. Graphite focuses on management buy-outs and buy-ins, expansion capital, replacement capital and turnaround opportunities
Charter Baking Company, a portfolio company of Charterhouse Group, has completed the merger of Rudi's Organic Bakery with the operations of The Vermont Bread Company and the Adams Baking Corporation. Charterhouse Group currently manages $1.7bn in equity through several limited partnerships.
Close Brothers Private Equity has backed the £22m management buy-out of IDIS, an importer and distributor of unlicensed pharmaceuticals, on a named patient basis, into the UK and continental European markets. CBPE is backing the management team led by managing director Natalie Douglas and supplemented by Nick Butcher, previously COO for DHL Europe, Middle East and Africa, as chairman and Robert Doe as finance director. The buy-out will facilitate the exit of the founding shareholders of IDIS. CBPE invests in transactions with a value of between £10m to £100m.
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