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Weekly Deals and Funds Roundup: 9 November 200509/11/2005. 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
ISIS Equity Partners has announced the refinancing of fashion clothing company Americana International and the sale of UK market research firm MORI to IPSOS for £88m. ISIS backed the original MBO of Americana in July 2003, led by Andy Gregory and Pete Clarke. The refinancing was funded by a combination of trading cashflows and a new debt facility. ISIS retains a significant minority stake in the business. In March 2004 ISIS invested in MORI, leading a £55m secondary management buy-out from 3i. ISIS has funds under management of £517m.
Nautic Partners has sold its investment in Skyline Chili to an investor group composed of company management and Prudential Capital Partners. Terms of the transaction have not been disclosed. Skyline Chili is a regional chain of 135 franchised and company-owned restaurants that specialise in Cincinnati-style chili. The sale of Skyline Chili represents a 3.1x return on invested capital yielding a 25 per cent IRR for Nautic, according to a statement.
Fairfield Energy, a newly-formed UK-based oil exploration and production company, has successfully secured provisional commitments totalling up to $200m from management and a syndicate of private equity investors, led by Warburg Pincus and including SGAM/4D Global Energy Development Capital Fund and KERN Energy Partners I Fund. Fairfield also announced that it has agreed to acquire certain subsidiary companies from Acorn Oil & Gas.
3i has sold its minority stake in PL International to Nasdaq-listed US company Varian for £6.5m in a deal valued at £23m. 3i is making an IRR of 41 per cent on its original investment, according to a statement. PL International develops, manufactures and markets instrumentation and consumables for advanced polymer analysis and high throughput screening in drug discovery. The company also develops and manufactures polymer particles in the fields of chromatography, clinical diagnostics, medicinal and combinatorial chemistry, with gram to metric tonne capability.
European private equity firm Bridgepoint is to sell its stake in German coffee and water dispenser supplier Kaffee Partner to German private equity firm Odewald & Compagnie for an undisclosed sum. The founders of Kaffee Partner sold a majority stake in the business to Bridgepoint in October 2002. Kaffee Partner has 230 employees and sales of €42m. Bridgepoint has €6bn under management. Odewald & Compagnie has funds under management of around €500m.
FUNDS
Shamrock Capital Advisors, the Burbank-based investment arm of the Roy E. Disney family, has closed the Shamrock Israel Growth Fund, which attained its $125m target. Investors in the fund include leading US and Israeli pension funds, insurance companies and commercial banks, and large family offices in the US and Australia. Shamrock Israel Growth Fund intends to make investments of $5-$20m in Israeli companies with a particular emphasis on export-oriented middle-market businesses that require growth capital for international expansion, capacity build-out or acquisitions. The fund currently holds interests in four portfolio companies.
Copyright © 2005 AltAssets
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