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Weekly Deals and Funds Roundup: 16 August 200616/08/2006. 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
3i has invested in HTC Sweden, taking a stake of one third in the company. 3i has committed approximately €11m to the company, along with a purchase of shares from existing shareholders. HTC produces and sells a diamond-based grinding system for professional flooring in manufacturing, commercial and public buildings.
Tangerine Confectionery, a Blackpool-based confectionery business backed by Close Growth Capital, has acquired the confectionery arm of Burton's Foods from current owners Lion Capital for an undisclosed sum. Burton's manufactures gums, jellies, liquorice and paste products under the Burton's and Henry Goode brand names as well as for private label. Close Growth Capital, an investment arm of Close Brothers Group, was started in 1999 to provide combined equity and debt funding to UK SMEs.
FUNDS
US early stage venture capital firm Provenance Ventures has closed its first fund on $10m. The new fund will focus on early stage media and communication companies worldwide. Provenance Ventures plans to make 20 to 40 investments over the life of its first fund, with total investments ranging from $250,000 to $500,000 per company.
Copyright © 2006 AltAssets
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