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Weekly Deals and Funds Roundup: 27 September 200627/09/2006. 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
CapMan has agreed with Fortum to acquire its Industrial Services business unit, a provider of industrial maintenance services. Financial details of the transaction were not disclosed. The transaction will be made on behalf of a new company called Maintpartner. CapMan manages Nordic buy-out, mezzanine, technology, life science and real estate funds with approximately €2.3bn in total capital.
The Brakes Group, a New York and London-based Clayton, Dubilier & Rice portfolio company, has announced a £275m refinancing. The majority of the proceeds is intended to be used to fund a return of capital to the company's stockholders. A fund managed by CD&R indirectly owns approximately 67 per cent of Brakes. CD&R acquired the business in August 2002. Brakes is a food supplier to caterers in the UK and France, with a turnover in excess of £1.6bn.
Poteza Adriatic Fund B.V. Amsterdam, a private equity fund operating in South East Europe, has acquired Proteinka, Sabac, based in the Western part of Serbia. Proteinka is a producer of animal food. Poteza Adriatic Fund conducted a public takeover bid and obtained over 99 per cent of the shares of the company for approximately €4.5m.
NORD Holding Unternehmensbeteiligungsgesellschaft mbH has sold its 80 per cent stake in Alsitan to Hans-Jürgen Specht, the managing partner, and his son, Marc Specht, who is also active in the management of the company. Alsitan is a pharmaceutical company that sells over-the-counter herbal drugs and dietary supplements through health food stores, as a contractual producer for neuform and through drugstores.
Newton Lower Falls, Massachusetts-based Sherbrooke Capital Health and Wellness has announced that PepsiCo has acquired one of its portfolio companies, IZZE Beverage Company, a Boulder, Colorado-based maker of all-natural, sparkling fruit juices, for an undisclosed sum. Sherbrooke Capital invests in privately-held product, technology and service companies within the health and wellness industry.
WHI Capital Partners, a Chicago-based private equity firm focusing on the lower middle market, has acquired Container Recycling Alliance, the glass recycling division of Waste Management.
FUNDS
Nordic Mezzanine, a mezzanine investor in the Nordic region, has launched Baltic Mezzanine Fund, a mezzanine fund dedicated to investments in the Baltic countries and Poland. The target size of the fund is €50m. Baltic Mezzanine Fund will be advised by a local investment team based in Tallinn and headed by Juhani Seilenthal, former country manager of Nordea in Estonia. The fund will invest in small and medium-sized transactions including growth financing, capital restructurings and management buy-outs.
Copyright © 2006 AltAssets
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