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Weekly Deals and Funds Roundup: 5 October 200505/10/2005. Source: AltAssets. 
 A selection of the latest deals and funds 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
New York-based private equity firm Arsenal Capital Partners has acquired a controlling interest in Reilly Industries, an Indianapolis-based manufacturer of specialty chemicals, in a $250m transaction. Reilly management and the Reilly family will maintain an ownership position in the business. Arsenal focuses on niche markets within the healthcare and specialty industrial sectors, including specialty chemicals, aerospace/defence, pharmaceuticals, specialty components and distribution/logistics.
BS Private Equity, through its fund BS Investimenti IV, has acquired a controlling stake in Italy-based Cast Futura. Cast Futura is a manufacturer of components for appliances and heating equipment. BS Investimenti IV has completed ten investments to date, and is approximately 50 per cent invested.
Duke Street Capital has acquired Groupe Proclif, which operates private hospitals in the Paris region. Financial details of the transaction have not been disclosed. The Group has a turnover of approximately €40m per annum and 309 beds catering for a range of conditions. Duke Street Capital focuses on mid-market leveraged buy-outs, investing in established UK and French businesses with enterprise values of up to €300m.
Oslo, Norway-based Reiten & Co has sold its portfolio company Plugging Specialist International ASA to T.D. Williamson for NOK444m (around €56m) plus an earn-out option. Narve Reiten, the founder and a partner of Reiten & Co, said, 'RCP V [Reiten & Co. Capital Partners V] took an initial 43 per cent stake in PSI in 2003 which was increased to 53 per cent in 2005. With realised returns of 3.3x before earn-outs, this has been a very good investment.'
Hermes Private Equity has backed the £62m management buy-out of Ashworth Mairs Group, a loss adjuster and outsourced service provider to the UK insurance sector. HPE, the private equity arm of Hermes Pensions Management, has nearly £1bn committed to private equity, both as an active investor in external private equity partnerships, and through its own direct investment activity.
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