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Weekly Deals and Funds Roundup: 2 August 200602/08/2006. 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
UK middle-market private equity investor Phoenix Equity Partners has agreed to acquire the business and assets of NFT Distribution from Northern Foods in a £51.2m management buy-out. The acquisition of NFT is the first by Phoenix's new £375m fund raised in April 2006.
Grenoble, France-headquartered Crocus Technology, a company focusing on Magnetic Random Access Memories, has announced the closing of its Series A round of funding totalling $17m. The round's participants include Sofinnova Ventures (lead investor), NanoDimension, Ventech, CDC Entreprises Innovation, AGF Private Equity and Sofinnova Partners.
Oxford Capital Partners, the Oxford, UK-based venture capital firm focused on emerging European science and technology companies, has invested in Application Developments, an Ofex-listed company specialising in stock, asset and security management software solutions and labelling solutions. The placing of 1,490,000 new ordinary shares raised approximately £596,000 of which Oxford Capital Partners has contributed more than half the capital subscribed.
Advent International has acquired Euroloc de Maquinaria S.L. , an equipment rental company serving the Spanish construction sector, from Fides Capital and family shareholders. Advent has purchased more than 80 per cent of Euroloc, with management and Intermediate Capital Group, a mezzanine fund, holding the remaining equity interest. The value of the transaction has not been disclosed.
FUNDS
Luxembourg-based Adara Ventures SICAR has held a final closing on €50m. Adara supports ventures either based in Spain or linked to the Spanish market. Among Adara's principal investors are the European Investment Fund, through the European Communities Growth and Employment Initiative, MAP-ETF Start Up Facility; Fonditel, Telefónica pension fund; Energías de Portugal; and Banistmo. Institutional investors represent 63 per cent of total commitments, whilst private investors account for 37 per cent.
Strathdon Investments has formed a new limited partnership fund, Strathdon Secondaries. The principal investor is a fund of funds with over €1bn under management. The initial size of the fund will be £6m with the ability to increase the commitment up to £20m. Strathdon's subsidiary, Strathdon Finance Limited, will manage the specialist secondaries venture capital fund.
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