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Weekly Deals and Funds Roundup: 19 October 200519/10/2005. 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
Advent International has led a group of investors in acquiring a majority interest in Hipotecaria Casa Mexicana, a specialised mortgage lending institution in Mexico. The transaction has been approved by Mexico's Federal Mortgage Agency (Sociedad Hipotecaria Federal) and the Ministry of Finance. The value of the investment has not been disclosed. However, including this transaction, Advent sees the potential to invest up to $50m in HCM and other follow-on opportunities in the sector over the next two years.
New York-based private equity firm Arsenal Capital Partners has acquired Velsicol Chemical Corporation, a Chicago-based manufacturer of specialty chemicals. The transaction value has not been disclosed. Equity financing for the transaction was provided from Arsenal Capital Partners' $300m fund. Arsenal Capital Partners invests in specialty product and specialty services companies in industries where it has substantial prior experience and expertise.
3i has realised its minority stake in recruitment consultancy RK Group as part of the sale of RK Group to Quantica, the FTSE-listed recruitment and training group, in a £13m deal. 3i will receive proceeds of £3.6m, which represents a money multiple of 13.5x and an IRR of 30 per cent. 3i originally backed the start-up of RK Group in 1993 and invested again in 1998. 3i also introduced John Watkins as non-executive director.
Nautic Partners has invested in Imaging Technology Services. ITS, headquartered in Atlanta, Georgia, is a provider of technology-enabled printing, fulfilment and marketing services. Terms of the transaction have not been disclosed. Nautic Partners is the independent successor to Fleet Equity Partners, the private equity investment unit of Fleet Financial Group. Areas of focus include business services, healthcare, manufacturing, and media and communications.
Within a two-week period, Earlybird Venture Capital, a European early stage venture capital firm, listed three portfolio companies on the stock exchange: Interhyp, Esmertec and Tipp24. Interhyp is an online mortgage broker in Germany. Esmertec is an independent software company and a specialist in developing and marketing Java-based solutions and technologies for mobile phones and other electronic devices. Tipp24 is an internet provider of Lotto, Oddset and other gaming products. Earlybird is an international venture capital company with offices in Germany and the US.
FUNDS
Wal-Mart Stores has announced that it will invest $25m to establish a private equity fund that will directly issue equity investments in women and minority-owned business enterprises. The co-investment management fund, which will have an allocation life of five years, will be managed by Dallas-based Aldus Equity. Prospective investment candidates must either operate companies or be in the process of acquiring companies that distribute or have the capacity to
distribute products and services to major retailers.
Copyright © 2005 AltAssets
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